Jacksonville, Fla. June – Bayway Mortgage Group unveiled new mortgage programs in June geared towards finding mortgage loans for professional athletes. Bayway Mortgage Group implemented the new mortgage programs after discovering how a significant number of up and coming professional athletes experienced difficulties in securing mortgage loans despite having very well paying employment contracts.
Unfortunately for professional athletes, banks do not typically offer any special considerations for employment with a popular sports team. As a result, professional athletes are commonly reviewed with the same grading criteria as the average individual looking for a home loan. This can present problems for a significant portion of professional athletes.
Rising star athletes are typically young and have limited experience in managing large financial investments. These individuals may not have established credit since their lives can be fast tracked into a professional career straight out of college. Additionally, they may have seasonal employment, no previous job history, no previous payment history, and/or no money available in the bank for a down payment when applying for a home loan.
Many of these factors are considered red flags by the banks and can cause extreme difficulties in trying to secure a mortgage loan. Bayway Mortgage Group recognizes these issues and devised a plan to help achieve more mortgage loans for professional athletes.
A key component of Bayway Mortgage Group’s mortgage programs for professional athletes lies in sound financial education. Bayway Mortgage Group breaks down the mortgage loan process and explains all applicable terminology so it can be easily understood. Additionally, Bayway Mortgage Group offers free consulting on large mortgage and/or real estate purchases for professional athletes.
Bayway Mortgage Group believes these efforts can help professional athletes learn how to maximize the value of what is often times one of the most significant financial investments in an individual’s lifetime.
Bayway Mortgage Group is located in Jacksonville, Florida and focuses on offering low rates with less than 30 day closing times and a price match guarantee on refinance and mortgage loans. Bayway Mortgage Group strives to develop a holistic understanding of a client’s situation in order to provide mortgages that are sustainable and will lead to home ownership without financial challenges.
Company Name: Bayway Mortgage GroupContact Person: Brian Smith
Email:Send Email
Phone: 904-446-3907
City: Jacksonville
State: Florida
Country: United States
Website: www.baywaymortgage.com
Source: www.abnewswire.com
