"Putting
Integrity First to Provide Home Loan Solutions"
What makes us unique
from other mortgage lenders is our commitment to friendly,
personal
attention to each and every customer and their
mortgage needs.
We make the entire lending
process easier, faster, and more enjoyable.
Not only by utilizing
the latest technology and streamlined processes in the industry,
but also by offering a
large range of customizable
loan programs. We
give you the means to proceed with your dreams, often
for much less than you may
have anticipated!
We work with all types of clients, from the most savvy
executives to first time home owners. Our staff has over
50 years of collective experience to offer you the best mortgage
solutions available anywhere.
As a company, Integrity
First Home Loans believes
that every Metroplex
consumer deserves to be considered as an
individual, not as file or
loan number. We're all committed
to being accessible, attentive and caring. We are dedicated to helping
borrowers purchase
the home of their choice, or to refinance, in order to
maximize their financial
objectives. We do this by offering customized
mortgage programs best
suited to your
particular needs at the
lowest rate possible.
With in-house processing and delegated under-writing, your
personal information will remain secure and you will NEVER be
routed through a maze of telephone "prompts" for
assistance. Yes, you can actually talk to the processor,
the underwriter, the loan officer or the owner of the
company. We intentionally structured our business to give you
peace of mind and personal service.
Andrew McElyea is possibly
the most energetic Loan Officer that you will ever meet.
From his successful career
at Fortune 500 companies like Xerox Corporation
and Hewlett Packard (Agilent
Technologies) Andrew brings the professionalism that Paul
Billingsly clients expect. Even more than his
professional demeanor, Andrew is a true lover of people.
He is a light hearted individual that genuinely cares
about his clients and goes the extra mile without hesitation. He
takes pride in "telling the truth with enthusiasm"!
Even so, don't let his positive outlook and attitude fool you.
He takes his responsibility to you the borrower serious and
effectively communicates the "details" of the transaction with
precision.
Andrew makes a difference
by doing whatever it takes to clarify, communicate and complete
the tasks needed by every customer. “I’m successful because my
"business" is NOT
"just another real
estate transaction".
It’s about people, relationships, communications and achieving
the best results for everyone
involved”. Andrew adheres to "Higher" standards
both at work and at home.
Andrew has been married
almost 20 years to his high
school sweetheart, Mary. Both
are native Dallasites and they have 4 children, 3
daughters and 1 son, ranging from age 14 to 6 years old
(6th generation Dallasites).
The McElyea’s live on a small private lake just 2 miles east of the Telecom
Corridor. They all enjoy fishing and any outdoor or water
sports. Andrew is
actively involved in youth ministry at his church, local Chamber
of Commerce’s and many Real Estate organizations around the
Metroplex. Andrew currently serves on the "Realtor/Lender
Committee", the "Affiliates Committee" and the "Independent
Brokers/Owner Committee" for the Collin County Association of
Realtors.
Please contact Andrew for a
reference list of satisfied mortgage clients.
NTEGRITY
FIRST HOME LOANS
What does the second half
of this year and on to 2007 look like for the Residential
Mortgage business?
Based on a robust first-quarter
of 2006 origination volume of $759 billion, I
would have to say things ARE
NOT cooling off as fast as some
were projecting.
That's a full 14% above production for the first quarter of
2005, which turned out to be a $3 trillion year.
Hey, that's not bad growth!
The Federal Reserve Board's ratcheting up of short-term yields
has also had a beneficial effect on fixed-rate mortgages,
helping keep 30-year yields lower than most people had thought.
Approximately 70% of my business is 30 year fixed unless there
are unique issues to be addressed with short term adjustable
rate mortgages.
Another positive factor is the continuing rise in the value of
real estate around the country. While this run-up in
value is noticeably
slowing down, values
actually remains high by historical standards. While the
days of double-digit increases are
probably over, it is by no means certain that actual
price declines are inevitable, or imminent.
At the rate at which we see investors coming into our area, I'd
say the opportunity for good returns abound.
Overall, it will be a
smart bet to prepare for a slight
downturn in mortgage
originations for the rest of this year and possibly
next. Short-term rates, used to price adjustable
mortgages, have jumped. Long-term rates have inched up and
probably will continue to do so. Real estate overall, may
continue to cool, but again, not at alarming
rates.
As a side note, there
are many thousands of people ready to re-price out of adjustable
mortgages they took out in the last several years. It
seems that our primary
fixed-rate lenders have a great opportunity for
value of locking in a 30-year loan at a comparatively low
historical rate. Especially since the cost of ARMs is
moderately high right now, compared to fixed!.
Thank you for visiting our
web site!
Please
call us if we can be of any assistance to you.
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