Why Choose SUMMIT 

For Your Next Mortgage Loan?

 Knowledge is Power 

Obtaining a mortgage can be a very complex and daunting experience.  We firmly believe that knowlege is power, and invite you to use this website to help educate yourself, but more importantly, hope that you will rely on us to guide you safely through the maze.    We are constantly working to keep ourselves abreast of current laws and regulations guiding our industry, and also of the programs and products available to you.   We realize that you have a choice, and hope you will give us the opportunity to earn your business.  Our promise to you is that you won't regret that decision.  

Our committment to you

• Offer fair and competitive pricing for your loan
• Disclose all fees and loan costs to you UP-FRONT.... No Surprises the day before closing!
• Fully analyze your needs, both long and short term, and help you to make the absolute best decision for you.  
• Advise you against something you may want to do if we don't truly feel it's in your best interest. 
• Offer guidance if needed to help you position yourself better to be able to buy a home if you are not able to do so right now.    We have customers that we have worked with for over a year helping them get things in order.  

	Mortgage News Daily Explaining The MBS Settlement Process - 9 hours ago Posted To: MBS Commentary10yr Notes progressively improved into the PM , ending 5 ticks better on the day with a yield of 3.70. MBS fought off much of the AM weakness in tsy's, and rallied just as well into the PM, reaching 101-15 at 4pm. But then we ended 4 ticks down on the day at 101-01! WHAT?!?!? So you're tellin' me MBS effectively erased all gains from the past two days?! Not exactly... I'll let AQ explain... -------------------------------------------- If you haven't read the following description of the agency MBS settlement process...please don't skip over it as it may save you from having to change your pants when next month's settlement rolls around. If you have read it...go over it one more time just to make sure the underlying logic is clear. The March FN 4.5 MBS coupon has...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Commercial and Multifamily Mortgages Outperforming Overall Bank Holdings - 10 hours ago Posted To: MND NewsWireCommercial and multifamily mortgages continue to have the lowest rates of charge-offs of any loan types at banks and thrifts and perform better than the overall loan portfolios at those institutions according to the Mortgage Bankers Association (MBA). In response to what it referred to as a great deal of discussion and conjecture about those loans in recent months, MBA updated an earlier " DataNote " analysis of commercial and multifamily mortgage data from the 4th quarter of 2008 with data from the same period in 2009. The report states that 56 percent of the assets held by banks and thrifts at the end of 2009 consisted of loans and leases, a category that includes 1-4 family mortgages, home equity loans, credit cards and other consumer loans, commercial mortgages, multifamily mortgages...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it. HUD Enforcing Job Creation Requirements for State and Local Governments - 10 hours ago Posted To: MND NewsWireThe Department of Housing and Urban Development (HUD) has released the results of the first stage of its increased oversight and enforcement of job creation requirements under Section 3 of the Housing and Urban Development Act of 1968. In a press release on Monday HUD said that more than 3,100 state and local government agencies that receive HUD funds have responded to its campaign to expand hiring and contracting opportunities for low-income persons and three out of four of HUD-funded state and local agencies had submitted their annual reports. HUD said that this was the largest response since HUD made such reporting mandatory. Under Section 3, state and local governments that receive funding from HUD in excess of $200,000 for activities involving housing construction, demolition, rehabilitation...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.