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WJ Bradley and I are committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering the latest in financial tools that enable you to make sound financial choices. I have posted information on the recent Government regulations and changes that affect you as customer below.

I look forward to assisting you, your friends and your family with all of your mortgage needs and questions. Feel free to give me a call anytime and as always, I appreciate your business!

Chris Herford
NMLS # 213886

AMAZING loan officer!
Chris did an incredible job helping us purchase our new home. After having been turned down in several places, his expertise helped get us approved. Thank you again for all of your hard work! I highly recommend him to anyone seeing a new mortgage.
By treasured83 on August 5, 2011
Praise for a "Good Guy!"
Chris is extremely knowledgable & stays with you every step of the long, difficult (& sometimes arcane) way to purchasing a new home.I highly recommend him.
By triumphtek on June 14, 2011
Chris Herford is great and I highly recommend him. He will go the extra mile to answer questions and help you find what you need.David Riggins
By davidriggins on March 14, 2011
Financing a home may be one of the most important monetary decisions you will ever make in your life, so you want to make sure that you work with a lending professional who brings experience, expertise and sound judgment to...
Purchasing and financing a home is a major financial undertaking filled with complexity and tough decisions. As the saying goes, it is one of the most important financial decisions you will make in your life. The money you...
You have probably heard the buzz by now: Big changes are happening in the mortgage lending industry, triggered by new requirements under the Real Estate Settlement Procedures Act (RESPA), which governs many of the processes and procedures that mortgage lenders and brokers must follow in order to comply with the law and to ensure consumers are informed about their financial choices. I've put together a list of questions and answers about the changes and how they will affect you and how you obtain your real estate financing.

What are the changes that take effect January 1, 2010?

As of January 1, two of the forms used in all financing transactions will be changing. The Good Faith Estimate (GFE) and the HUD-1 Settlement form will now be standardized across the industry. The way we use these forms is also changing. All the changes are intended to make it easier for you to compare loan offers from different lenders and to make the best choice

for your unique financial situation.

I thought the GFE showed me loan scenarios to choose from.

In the past many lenders used the GFE as a sales and marketing tool. This is no longer the case. Now when you receive your GFE, it will reflect specific loan terms and a single scenario option. The GFE's new role is as a binding document ensuring your loan costs, barring certain changes you might choose to make. At WJB, we have other ways to show you loan options and their costs side-by-side so you can make an informed decision about your financing choices.

What about comparisons to other lenders?

The third page of the new GFE form is a chart you can fill out to compare the offers you get from several lenders.

Why do I keep getting forms in the mail about my loan? I thought we were moving forward already.

The package of documents you receive are collectively referred to as "disclosures," which are provided to allow you to review the proposed loan and its terms. You are usually asked to review the disclosures and sometimes to sign and return them. If certain elements of your loan change - including loan amount, interest rate, fees, addition or removal of a coborrower, property appraisal - then the lender is required to re-disclose the loan. It is common for lenders to re-disclose many times during the loan process and the new regulations are likely to increase the number of disclosure packages you may receive. What is important is that you understand that each disclosure package is being sent to update the terms and fees of your loan. If you have any questions about anything in these disclosure packages, you should contact your loan originator directly.

Do I have to pay any fees before I receive the GFE disclosure of costs?

Under the revised regulations, the only fee you can be required to pay prior to receiving your disclosures is a credit report fee. W.J. Bradley chooses not to charge clients in advance to pull a credit report.

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