Practice Areas:

Mortgage Consulting

“We only make money if you save money”

Most recently, the Law Office of Attorney Gregory R. Shettle, LLC has added a specialized service for those Borrowers currently in the process of purchasing or refinancing a home and would like assistance prior to closing during the mortgage application process. For those clients, Attorney Shettle negotiates with their brokers and/or banks to obtain lower rates and reduce closing costs. For more information on this service, please call Attorney Shettle.

Do you know what you should and shouldn't be paying for?   With that in mind, Attorney Shettle will work with the Borrowers and their Brokers to insure that the terms of the refinance or purchase are fair to all parties.  In other words, we will: Negotiate on behalf of the Borrower to reduce the closings costs and/or their interest rate; Obtain alternate sources of financing if the current Broker is unwilling or unable to offer a fair compromise; Only get paid if we save you money!!!  Our fee comes directly from the money we save you, not your pocket; the more money we save you, the more money we make. If we save you nothing, we get paid nothing. There are predatory lenders out there and we are here to make sure you don't pay too much.

What makes our service different? First, as an attorney, I have a sworn ethical duty to protect the interest of my clients (the Borrowers).  Second, because we only get paid if we save you money, we want to save you as much as we possibly can (compared to a Broker or Internet Lender, whose earnings increase right along with your costs and rate).  Another advantage you will enjoy with us is that we work with your before the closing during the mortgage application process, when we can actually make a difference (we don't just show up at the closing when all of the essential terms have been agreed upon and collect a check). Finally, we are intimately familiar with the closing costs and interest rates in your area, and have the requisite knowledge and experience to make sure you are not paying too much.

Frequently Asked Questions:

Isn't it more expensive to hire an attorney?
Do I need your services if I am only refinancing?  How about if I am purchasing a home?
Why should I use when I can negotiate the fees myself?
How much do I owe you if you save me nothing and my interest rate stays the same?
How do you get paid?
How long does the process take?
Don't Mortgage Brokers Hate You?

Isn't it more expensive to hire an attorney?
Not in this case.  We do not collect a retainer, nor charge an hourly fee.  We are paid as a percentage of the amount we save you, and only if, and at the time that, the loan closes.

Do I need your services if I am only refinancing?  How about if I am purchasing a home?
Absolutely – Refinances are a large part of our business.  However, you are most vulnerable during a purchase because if your closing costs are outrageous or there are any surprises, you are stuck.  You risk losing your deposit by not closing.  Some Brokers and Internet Lenders know this and they can exploit it.

Why should I use your mortgage consulting service when I can negotiate the fees myself?
Most Borrowers think they are getting a great deal, when in actuality they are paying thousands too much in closing costs and higher than necessary interest rates.  We are here to prevent that from happening.

Attorney Shettle has the experience, the knowledge and the leverage to obtain a reduction in your costs.   Think of it this way:  if you had decided to buy an expensive piece of art, or jewelry, or even an automobile, for a certain price, and a person with specific knowledge within the given industry offered to reduce that price by thousands of dollars, you would be a fool not to take them up on it.  Same principal applies here.

How much do I owe you if you save me nothing and my interest rate stays the same?
Nothing!  If we confer no benefit, you pay no fee. If we fail, you pay nothing.

How do you get paid?
We get paid when you close, as a percentage of what we save you.  Our fee will be placed on the Settlement Statement, and paid as a closing cost for the new loan.  Of course, whatever that fee is will only be a fraction of what you just saved!

How long does the process take?
We will get back to you within 24 hours with a proposed amount to reduce your costs and/or interest rate.  With your permission, we will present it to your Mortgage Broker to take or to leave.  If the Broker accepts the new terms, you continue with your old loan.  If the Broker rejects it, then we will work with you to insure you finance with an entity that will honor the new, reduced terms we provided to you.

Don't Mortgage Brokers Hate You?
Not necessarily. Some do…but only the ones who take advantage of their customer's lack of knowledge and are therefore threatened by our involvement. The reality is, mortgage brokers that offer fair deals have nothing to worry about – we will not waste their time or yours haggling over pennies.  However, those types of Brokers are few and far between.  There are Brokers and Internet Lenders that will take as much as you are willing to give them.  Our mission is to save you money and get you a fair deal.