Matthew A. Scott St. Louis Mortgage Banker

Welcome to the www.mattscottstl.com Mortgage blog!  The goal of this blog is to keep friends, clients, referral partners & information seekers informed of the constant changes in the world of finance (in particular mortgage financing) and related industries. I will offer my opinions as a Licensed Senior Mortgage Banker but at times will ask others in a related business for updates such as; insurance agents, real estate agents or anyone else that can add professional knowledge to our topics at hand.  So to get started I wanted you to know a little bit about me; I graduated in 1999 from the University of Missouri with a BS in Personal Financial Management so naturally the mortgage industry was a great fit.  Specifically, my first industry job with Citigroup and after a few years learning the business on a very large scale I left to start my own mortgage broker business (Des Peres Mortgage, LLC).  This business was built to provide another service that our family businesses offered; Tax and Accounting with Scott, Scott & Co. CPA PC (www.scottcpa.com ) & Investment Services with Genworth Financial Securities Corporation.  I have since integrated my mortgage business with my current company of F&B Financial Group (www.fandbfin.com ) where as a Mortgage Banker we are able to underwrite, approve and fund our own loans giving us the control that was unavailable as a mortgage broker.  This new business model has really been instrumental in making 2010 one of my best years ever and brought back my passion required for long term growth in both the Purchase and Refinance markets.  (If you are a client reading this blog please remember your referrals are what keep me going and allow us to offer our low rate/cost programs.)

Specifically, our company excels in the Purchase Market as we believe this is where relationships start and we understand the importance of deadlines, communication and customer service.  We are optimistic 2011 will be a strong year for buyers as rates stay reasonably low and first time homebuyers and current home owners get anxious to take advantage of reduced prices in the real estate market.  So far the IRS (www.irs.gov ) has not offered a new tax credits for 2011 but it wouldn’t surprise me if a new credit was offered similar to the one offered early in 2010.  If you are in the market to buy today or will be in the next six (6) months please be sure to contact me as its never to early to get started and take advantage of my wealth of resources in the real estate industry.

No need to worry…after a great experience with your home purchase you will also be amazed at how streamlined our refinancing process is for all new and past clients.  We never stop working for our clients as we understand their referrals are the lifeblood of our business.  The refinance business is very similar to the purchase without having the deadline of the contract along with a few other hurdles.  We still look at income, assets and credit and on average we close refinance loans in less than 45 days.  The main difference is the focus put on the appraisal given all the industry changes in the last two years.  We have several third party sources to pinpoint value but one of our more reliable sites is Zillow (www.zillow.com ). Even though Zillow does not guarantee accuracy or values but instead gives us a good range of home values in a particular neighborhood as we look to set up your loan for you.

I hope this helped and provided you with useful information.  If you have any questions please don’t hesitate to email me at mscott@fandbfin.com or call at (314)567-9795, ext. 107.

Sincerely,
Matt Scott
www.mattscottstl.com
LO NMLS: 240481
CO NMLS:221646

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    Thanks for your help getting our house refinanced. I knew the rates were great and that Steph and I would be looking at saving some money with the right refinance plan.

    Chris and Steph Kolb
    Cardiva Medical, Inc.

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    Rates change daily and fees will vary. Please call F&B Financial Group at (314) 567-9795, ext. 107 for your personalized quote.

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