John Paul Mulchay
Prior to embarking on my Financial career, I spent 15 years working in Hospitality. My final six years of Hospitality work was with the Four Seasons Resorts, the global leader in customer service, and why service is so ingrained in my business practices. I was inspired to make a career change by two Real Estate Agents whose clients had suffered due to lack of customer service from their lending partners. They encouraged me to obtain my license to lend then partnered with me as their lender of choice and I’ve never looked back. Clearly the mortgage industry has changed since I originally licensed back in 2002 and I expect change to continue regarding guidelines, loan programs, and regulation. Driving my knowledge to be the accurate source of information for my clients and partners positions me to be a true asset to each of them. Staying proactive, driving my knowledge, and applying impeccable customer service allows me to stay nimble and remain comfortable with change to best serve my clients. Interestingly, I often receive calls from potential home buyers thinking they need 20% down to buy a house (not a requirement). There are many misconceptions about home loans that continually circulate—down payment requirements, fear of adjustable rate loans, what does pre-qualification mean, etc. I am your advocate. ASK ME! I take pride in understanding the “why” part of the business and understanding the “why” reduces anxiety during the home buying process. I was born and raised in Arizona where most of my family still resides. I spent nearly a year living in and travelling through Mexico, where my father was born. In fact, I bought a sail boat for that adventure although I had never set foot on a sail boat before buying one! Turned out to be a wonderful journey, met many wonderful and interesting people, and learned a lot about myself. I still love sailing to this day!
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This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs. Mortgage rates are offered exclusively through Guaranteed Rate, Inc. and are subject to change without notice. The payment amount does not include homeowners' insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges).
Conforming: Sample monthly payments for conforming loan products are based on a purchase price of $437,500, and a down payment of 20.00%. Advertised rates and APRs are subject to change without notice. Above scenarios assume a first lien position, 750 FICO score, 30 day rate lock on a primary residence.
Jumbo: Sample monthly payments for jumbo loan products based on a purchase price of $1,200,000, and a down payment of 25.00%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 760 FICO score, 25 day rate lock on a primary residence.
FHA: Sample monthly payments are based on a purchase price of $310,880, and a down payment of 3.50%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence.
VA: Sample monthly payments are based on a purchase price of $400,000, and a down payment of 0.00%. Advertised rates and APRs are subject to change without notice. Sample does not include VA funding fee (max VA funding fee of 3.3%). Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence. Must be an eligible veteran. Subject to underwriting guidelines and applicant's credit profile.
These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
One discount points equals one percent of your loan amount.
Guaranteed Rate, Inc. has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.