Why Equity Source Mortgage?
Equity Source Mortgage was founded in 2000 by Roy Sperr. Roy has 15 years experience in Mortgage Lending and previous to that was a Certified MN Real Estate Appraiser. Roy has a Bachelor's degree in Economics from Saint Cloud State (1993) with a Mini MBA in Real Estate from the University of Saint Thomas (2005). In addition our staff includes Shawn Hunter who has over 8 years in Mortgage Lending and is an expert in pricing, products and guidelines.
Equity Source is a small and versatile Mortgage Broker which allows our controlled costs to be passed down to the consumer. No more than 2 persons handle your loan file within Equity Source consequently reducing delays and redundancy. Equity Source works 100% on a referral basis and have a wonderful network of professional Realtors, Accountants and Financial Planners. Honesty, Integrity and Timeliness tends to get results.
As Rules may change often in the Mortgage industry, loans are still black and white. We are better equipped to handle these changes than our larger competitors. Some banks have different rules/guidelines than others for example; debt ratios, tradelines, down payment amounts, LTV/CLTV or the ability to obtain Mortgage Insurance (to name a few). Being positioned as a Mortgage Broker allows us to take advantage of the different nuances and pricing afforded to us in the open market.