Meet the Team
John Carlson, Jr.
Jim is a lifelong resident of Chester County, PA, and has been working in the real estate and finance industries since 2008. This combined experience has uniquely positioned him to educate and guide his clients through all aspects of the mortgage process – making it as easy as possible. Jim is passionate about working with home buyers and real estate investors to create tailored solutions that meet the specific needs of each client. In his spare time, Jim enjoys all things outdoors, CrossFit, and drumming. He lives in West Chester with his kids, Grace, and James.
FAQ | Mortgage Brokers & Philadelphia Home Loans
At Penn Street Mortgage, we are committed to helping you every step of the way on your home buying journey. We understand that the mortgage process and home purchase itself can seem daunting, but that is why our Philadelphia mortgage company is here to help.
We have compiled answers to frequently asked questions about working with a mortgage broker, but we are always here to answer any other questions.
When you are ready to get started on your home loan process, reach out to our team to schedule an appointment or use our free tools to explore your options today.
When someone is looking to buy a home, they may not have the cash upfront to make the purchase. This is where a mortgage broker comes in – they act as an intermediary between the borrower and the lender, helping the borrower secure the best possible mortgage terms for their needs.
To do this, a mortgage broker must have an in-depth knowledge of the industry, including the various types of mortgages available, interest rates, and loan terms. They use this knowledge to help the borrower navigate the complex world of mortgages, and to negotiate with lenders on their behalf. Ultimately, the goal of a mortgage broker is to help the borrower find a home loan program that is affordable and meets their specific needs.
When it comes to obtaining a mortgage, working with a mortgage broker can make the process much more manageable and less stressful.
Our team at Penn Street Mortgage has extensive knowledge of the mortgage industry and is well-connected with a wide network of local and national lenders and home loan products. This allows our mortgage professionals to provide you with a range of home loan options, which can ensure you get the best loan program and interest rate available.
Additionally, our experienced team of Philadelphia mortgage advisors can guide you through the entire home buying process, from pre-approval to closing, to make sure that you understand all the steps and have what you need to make informed financial decisions about your options.
When you work with a mortgage broker at Penn Street Mortgage, you will save time, effort, and money while also providing you with peace of mind.
Philadelphia has a dynamic and unique housing market. A local mortgage broker like Penn Street Mortgage understands this market and can provide valuable insight. They will take into account local property laws, access local lenders, and advocate for your best interests in the Philadelphia context.
Starting with a mortgage broker is as straightforward as scheduling a consultation. At Penn Street Mortgage, we offer clients an initial, no-obligation meeting to discuss your needs and how we can assist.
Our extensive network of lenders enables us to offer you a range of loan options that cater to various financial circumstances. We can help you find fixed-rate and adjustable-rate mortgages, as well as FHA loans, VA loans, jumbo loans, and many more. We customize our approach to match your individual situation because we know that no two home buyers are exactly the same.
By conducting a thorough review of your financial situation, which includes your credit score, income, debts, and assets, our mortgage broker will be able to suggest the most suitable mortgage for your needs. Our team will take the time to understand your monthly budget and what kind of mortgage requirements you have and then identify the best loan match for you.
From conventional loans to refinancing, we can help you with all your mortgage needs.
Our mortgage brokers have access to lenders who provide loans to those with less-than-ideal credit. This is different from a mortgage lender who is only able to present you with the loan products their specific financial institution offers.
At Penn Street Mortgage, we would be happy to help you find creative solutions to help you secure a home loan.
The required down payment amount varies based on the type of loan and eligibility criteria. Seek guidance from a broker to understand your options. You may be eligible for a zero down payment option with a VA loan or pay a lesser amount with private mortgage insurance or through FHA loan programs.
Mortgage brokers have extensive knowledge and experience in mortgage loans, and their established relationships with lenders can help simplify and streamline the application process.
They ensure that all necessary documents are in place and everything is in order for a smooth and timely closing. This can make the loan application process much more efficient and hassle-free.
When it comes to securing a mortgage, it can be challenging for self-employed individuals to navigate the process. However, mortgage brokers are experts in working with all sorts of employment situations, including self-employment.
We can provide guidance on the documentation required, such as tax returns and financial statements, and help you present your financial situation in the best possible light to mortgage lenders.