Yardley PA Mortgage Lender

The Bill Mervin Team at Apex Home Loans

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Let us help you achieve your dreams

We’ve helped fund more than $250 Million in home loans

Whether you are buying a home, refinancing to a lower interest rate, refinancing to obtain cash or converting from an adjustable-rate mortgage (ARM) to a fixed-rate loan, we’ll help you choose the right loan. Reach out today for a simplified experience and find a home loan that help you achieve your dreams.

Are you looking for a mortgage calculator?  We have provided a monthly loan payment calculator for your convenience.  Click Here

FHA Loan is insured by the Federal Housing Administration. This is an attractive option for many first-time home buyers because it allows for lower down payment and easier credit qualifying.  READ MORE

A Conventional loan is one of the most popular types of loan programs and is ideal for home buyers with good credit scores. There are a variety of conventional loan programs with different minimum down payments. We lend both conforming and non-conforming (jumbo) loans.  READ MORE

Veterans Affairs (VA) loans are loans provided to active-duty military and veterans. These loans are guaranteed by the U.S. Department of Veteran Affairs. For those who qualify, VA loans are usually easier to obtain than conventional loans. READ MORE

Refinancing

Refinancing is the process of getting better terms on your current housing loan by taking out a completely new loan. This new-and-improved loan will leverage positive market conditions, and Bill Mervin Team can customize it to your financial goals. READ MORE

Learn the Mortgage Lingo So it Doesn’t Cost You

Buying a home isn’t something we do every day so often the process and the language used isn’t something we’re familiar with. Very often mortgage jargon can lead to confusion which can then lead to paying more than you intended. A recent study conducted by the London based Nationwide Building Society found that 40% of US and UK home buyers were confused by the terms lenders used to describe mortgages. When it comes to purchasing your home, you’ll want to be confident in the terms used so you don’t make any ill-informed decisions.

Also according to the same study, only 31% of home buyers understood what the term “LTV” meant. LTV is an acronym that stands for “Loan To Value”. It describes the difference between the amount of the mortgage and the actual value of the home.

The study not only showed that homebuyers didn’t understand most of the mortgage jargon but that they were also too shy to ask for explanations in order to clarify the meaning of certain terms.

In order to make an informed decision and to choose the correct home for you, you’ll need to ensure that you understand all the terms and their meanings. You’ll want to make sure you do your research ahead of time to avoid any pitfalls. Don’t forget to enlist the help of your real estate agent either, that’s one of the reasons you’ve hired them. A good real estate agent understands that most home buyers don’t use these terms every day and will be glad to help clear up any confusion.

 

To get you started, here are a few of the most common mortgage terms that often confuse homebuyers:

 

Adjustable Rate Mortgage

An adjustable rate mortgage refers to a loan with an interest rate that will fluctuate over time. Typically this occurs every three years or every year after the first five years. An adjustable rate mortgage can be a smart option if you plan to sell your home within the first few years of purchasing it. Conversely, a fixed rate mortgage does not fluctuate.

 

Qualifying Ratios

This is a calculation used by your lender to determine the largest mortgage amount you could potentially qualify for. This final number is determined by considering your income, your existing debt and other factors.

 

Stips Or Stipulations

If you hear the term “stips” being used it’s an abbreviation of the word stipulations. When your lender uses this word they are talking about the requirements that must be met in order for you to close on your mortgage. Often these stipulations/requirements include verifications of your bank statement, proof of employment and proof of rent. Terms that may also be used in this same discussion are VOR and VOE which stand for Verification of Rent and Verification of Employment.

 

HUD

Finally, the last term we’ll clear up is HUD. HUD is an abbreviated version of the US Department of Housing Development Settlement Statement. This is the statement you’ll be required to sign when closing on your mortgage. The HUD statement documents all the details agreed upon between you and the lender, this includes all fees agreed upon.

 

These are just a few examples of confusing terms you may encounter in the purchase of your home. If you have any further questions, don’t be shy and be sure make them clear with your mortgage professional.

For more information on how to take advantage of our Heroes First program, please contact Bill Mervin Team.

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BILL MERVIN TEAM - APEX HOME LOAN

Why the Bill Mervin Team?

Our team is comprised of Certified Mortgage Planners who take a holistic approach to the home loan consultation and cash flow  planning. 

As opposed to just spitting out an interest rate and monthly payment, we believe building a relationship and understanding a client’s entire financial picture and long-term financial goals allow us to counsel, educate and build a custom mortgage planning strategy. Our goal is for every client to make confident and well-educated home buying decision.

A solo loan officer’s job ends when their clients are placed in debt.

Our team feels that our job continues well beyond the day of settlement. Through our “Mortgages Under Management” program, we proactively monitor your loan program for the entire time you’re in the home, and have quarterly and annual touch-points to keep you informed throughout entire process. 

Call us at 215-910-4293 so we can walk you through the options

What Makes us Better?

Solo Loan Officer

  • Wears many hats
  • Transactional
  • Has a finite amount of time
  • Makes lots of promises
  • “Too busy” to follow up
  • Cookie-cutter approach

Bill Mervin Team

  • Focused on the partnership with clients
  • Leverages multiple peoples’ time
  • Sustainable & scalable
  • Highest quality service levels
  • Consistently delivers
  • Thorough support Staff
family buying a new home

Client Success Story

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

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5/5
  • Low Down Payment Programs
  • Low Credit Score Programs
  • Customized Marketing Support
  • Strong Core Values
  • 95 Net Promoter Score
  • Consistently Close Clear & On-Time
  • Firm Established in 1998
  • Direct Lender
  • Cutting-Edge Technology
  • Consumer Connect Digital App
  • Wide & Diverse Product Mix
  • Heroes First Program

What our Happy Clients Have To Say
About Working With The Bill Mervin Team

newtown pa mortgage

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

  • World-Class, White Glove Service
  • Chief Experience Officer (cXo)
  • Holistic Advisory Approach
  • 73-Step “Perfect Loan Process”
  • Detailed Milestone Updates for All Parties
  • Financial Market Technology & Rate Analysis
  • In-house Underwriting & Processing
  • Apex Approved Pre-Approval Process
  • Milestone Gifting Programs
  • Highly Personalized Marketing
  • Segmented, Specialized Team Roles
  • Speed, Accuracy & Results

Our team has created Mervin Missions to allow our staff to volunteer and support local charities in the community. Our Team has been fortunate to be involved with charity events since in 2013!

HOME BUYERS GUIDEBOOK

We don’t need an email address. We want a more educated buying experience for our clients.

  • What can you expect from the Bill Mervin Team
  • What credit factors do banks look at most
  • How to best manage your mortgage debt

Areas Served

  • Cherry Hill
  • Cinnaminson
  • Delran
  • Maple Shade
  • Moorestown
  • Mount Laurel
  • Voorhees
  • Bordentown
  • Deptford
  • Evesham
  • Mt Holly
  • Pennsauken
  • Sewell
  • Sicklerville

If you do not see your city listed, please call

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