99% Applicant Approval

Trusted professional guidance means finding you the right lender.

In few words: professionalism, ethics, effectiveness.

Ross Averbuch

Scott did my refi, got me an awesome rate and was able to close in ~9 days. 5 stars again!...

Jeff

Great communicator. Always on top of things. Works at the same pace you do, will not keep ...

Kristel Arabian

Amazing experience.. from the ‘dreaming’ phase to the lower interest rate refinance one ye...

Bradley Hanan Carter

Scott and his team are amazing! Everyone I interacted with were extremely responsive, know...

Carrie Mauer

Scott and his team were knowledgeable, responsive, and worked hard to get the best rates f...

Rondil Gosine

Scott and his team are terrific!! Scott and his professional, extremely knowledgeable team...

Dan George

Excellent communication, great online technology and outstanding service.

Matthew Joseph

Best mortgage broker in the industry!! They have a very simple to use website for document...

Juin Yi Chin

I just wanna say that I am in the customer service industry and I am always trying to give...

Brian Nerger

Scott & his team are great partners in finding the right loan and following up on all deta...

Kim Cooper

Scott is very efficient , provides right information and very professional, clarifies any ...

Sunita Goli

Incredibly professional and easy to work with. Always quick to reply to questions and alwa...

Matthew Ellis

Scott Valins has helped me to buy my dream house. I am self-employed so it was not a simpl...

Norma Potros

Never in my 57 years has a company worked harder to deliver on a product. Scott Capital Gr...

Patrick B.

Great refinancing rate for 15 year mortgage, including doing a purchase CEMA. Everyone on ...

Dennis

Scott and his team acted swiftly on my re-fi, anticipating my wishes when the rate I had b...

Jordan Burchette

Personally, I also used him to re-fi my own primary residence and As a realtor, Scott and ...

Colt Maloney

Absolutely a great team to work with! The communication and transparency is what stands ou...

Nicks217

Great experience with Scott and his team!

Jamie Edelson

After exploring refinancing options with some "bigger name" companies, Scott was refreshin...

James Won

I can't recommend Scott and his team enough. True professionals that stick with you every ...

Matt Ellis

It was a pleasure to work with Scott and company. The process was very simple and modern. ...

Lovella Walker

Scott and his team were amazing in helping my family buy an investment property and refina...

Ben August

This is the second re-fi Scott has done for me, after having originally brokered the purch...

Jeff Lipschutz

Excellent service! Highly professional and fast acting. Gave me a better rate than any oth...

Peter Hynes

Always a good experience and fast transactions with Scott & his team! Creative solutions a...

Ronen Eitan

Very professional, quick turnaround and best rates!

Rosa Iturbides

Prompt and efficient! Pleasant people to work with.

Yvonne Schmitz

My refinance experience was very good. The whole process took about 3 weeks. Harry and the...

Wendy Ollari

Harry is the man! Every business today needs to provide a superior service or you get demo...

Michael Gibbons

It was a great experience working with Harry Bennett and Co. He was attentive to our needs...

Marc Randrianarivelo

Amazing service throughout the whole process. Although we ran into some hurdles, Harry and...

Joseph Lee

Harry & his team made our home-buying adventure a true success. They were proactive and re...

Kristina Lubofsky

Harry and his team did an excellent job for my home buyer. He made sure that every part of...

Edward Casanova

Harry, Brian, Maria and the rest of the team at GoRascal went above and beyond in servicin...

Constantina Williamson

I worked with Harry at GoRascal and must say this was the best experience I've ever had wi...

Vincent Spano

Harry Bennett and his team were amazing! All very friendly, professional and responsive. T...

Leslie Pelaez

Harry and the entire team were amazing. The process was painless and done so expeditiously...

Joe Russo

I am a highly satisfied customer of GoRascal for my home loan. They gave me low interest r...

Sundar Ram

Among everyone we encountered in our home buying process, the folks at GoRascal were consi...

Jeff Ho

Harry was great to work with fast responses and would ensure you understood every step of ...

Aaron B

I'm a first time homebuyer, so I decided to work with a mortgage broker after speaking to ...

troubadour92

I had a wonderful experience with GoRascal with my refinance. The rates were extremely low...

Winnie Bracco

Awesome, friendly and professional mortgage broker. Had to pleasure to work with them on m...

Wah Chan

After a very frustrating experience trying to get a loan with a major bank, I reached out ...

Justin Sullivan

The folks at GoRascal--specifically: Harry Bennett made refinancing my condominium easy an...

Elizabeth Terzakis

The most significant concerns arising in financial dealings with other persons are: Trust ...

Athanasios Karas

We are so grateful to Scott's team for their help in securing our first home mortgage! I s...

Gigi D'Souza

Trusted Guidance for the Road Ahead

Here’s a simple roadmap to get you home.

1
Pre-Approval

This is the step that gets us to a comfortable price range.

Shop for a New Home

If you’ve found a place in your pre-approval range, great! If not, let us know. We have all kinds of ways to help.

2
Shop for a New Home

If you’ve found a place in your pre-approval range, great! If not, let us know. We have all kinds of ways to help.

3
Get Personalized Loan Options

Humans have a lot in common, but not the same perfect loans. We dig deep to find the one that’s just right for you.

Underwriting

Best rate. Quickest turnaround. Optimal parameters. Pick three.

4
Underwriting

Best rate. Quickest turnaround. Optimal parameters. Pick three.

5
Closing

We are out in front, making the process a stroll through the park. There’s nothing quite like putting that welcome mat out front.

A Number of Things that Set Us Apart

Available 24/7

On it whenever you need us

99% Applicant Approval

On it whenever you need us.

Your Mortgage. In As Few As 8 Days

Access to lenders with industry-leading turn times and competitive rates.

A Track Record 20 Years Long

You want a guide who knows every twist and turn in the road.

Purchase

How to Purchase a Home with a Mortgage

Having a house is a dream but it can also be one of the costliest tasks in America. Home mortgages have made it super easy to accomplish owning a house no matter what stage of life you may be experiencing. If you’re also a first-time buyer, then you should read until the end for an easy guide on the what, where and how of mortgage purchasing.

What is a home mortgage, and what is its importance?

Paying for a house all at once is usually very difficult. A mortgage is a type of loan for buyers when they don’t have enough funds to purchase a home. It requires a certain amount of down payment, and the leftover sum of the house is divided into monthly installments with a rate per annum.

How does a home mortgage work?

A mortgage loan is divided between a buyer (you) and a lender (a bank or financial institution). The buyer borrows money (total cost of the house) from the lender, and in return, he pays back the amount at a specific interest rate. The mortgage lender decides the interest to be paid off in monthly or quarterly installments depending on different factors. Typically, mortgage loans last for 15 or 30 years. There are several pros and cons of 15 vs. 30 year mortgages.

On the contrary, a reverse mortgage for purchasing a home is also available for senior citizens. They are free to convert their home equity into an income without paying any monthly installments.

What are the pros of mortgage purchasing?

- Fixed-rate loan with monthly payments

- It results in a fruitful investment

- The rate of interest is less

- Mortgage lets you invest in other equities because the amount is broken into monthly installments

- Tax benefits on home mortgages

How do you get a mortgage loan?

Knowing the exact stages of purchasing a mortgage is essential for a first-time buyer. These are the steps that follow:

1. Preapproval of the mortgage for mortgage lenders to determine if you qualify for the loan or not.

2. Start looking for houses online. The lender will close the deal on the best prices chosen by you online.

3. Apply for a loan application with your details.

4. Loan processing for the mortgage begins.

5. Underwriting and pre-closing process for the mortgage.

6. Closing meeting and final walk-through with mortgage notes.

What is a mortgage note?

A mortgage purchasing note is a contract or note including interest percentage, rate, and the loan term of the borrowed amount that you have to pay back to the lender. If the borrower fails to pay back the loan in a given duration, the lender has the right to claim the property.

Do mortgage rates affect the purchasing power?

Absolutely, yes! If purchasing a mortgage increases by some percentage, it affects the purchasing power. The per month mortgage payment installment will increase and make it difficult to afford the house and cause difficulty in paying back the loan amount in time. Therefore, you must look out if the interest rate fulfills your budget or not. You can make sure you get the best rate by working with a mortgage broker.

Make your dream come true with a mortgage purchase!

Fulfill your dream of purchasing a home by working with a qualified mortgage broker who will find you the best rates. Contact GoRascal today to kickstart your journey of having a home of your own!

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