FM Home Loans, LLC 

Branch Manager

Loan Officer

FM Capital

Loan Officer at FM Capital and FM Home Loans

As an experienced Loan Officer with a family background in the industry spanning over 35 years, I bring a wealth of knowledge and expertise to my role at FM Home Loans. Specializing in residential, commercial, and hard money loans, I am dedicated to helping clients achieve their financial goals by providing personalized and professional service.

With a strong work ethic and a commitment to delivering exceptional results, I take pride in building long-lasting relationships with my clients and ensuring that their needs are met throughout every step of the loan process. Whether you are a first-time homebuyer or a seasoned investor, I am here to guide you through the complexities of the mortgage industry and help you make informed decisions that align with your financial objectives.

If you are looking for a reliable and trustworthy mortgage lender who puts your needs first, please don't hesitate to get in touch. I would be honored to assist you with your financing needs and help you achieve your dreams of homeownership or real estate investment success.

NMLS 1886122

FM Home Loans – 2329 Nostrand Ave, 3rd Floor, Brooklyn, NY | 718-377-7900 | Licensed Mortgage Banker
NJ - Licensed Residential Mortgage Lender, New Jersey Department of Banking and Insurance | NY-
Licensed Mortgage Banker, NYS Department of Financial Services | Rates are Subject to change and may
not be available at the time of the commitment. All loans subjected to approved credit and income
requirements | NMLS ID # 2212

A new client was referred to me.
I call him and he doesn’t answer.
He text me “hey, I’m looking to buy a house. Can you please let me know how much a loan will cost?”

I said sure- let me know when you have a few minutes to speak so we can figure out what you’re looking for.

He responds. “I’d rather do it over text.”

Here’s the thing- two minute phone call will give me everything I need.

Texting:

Will this be a primary,secondary or investment?
How much do you have for a down payment?
What credit score do you have? 
What income do you have? 
How long are you planning on holding this property?
Do you have a cosigner?
When are you looking to buy?

This is just a start and I would probably have 50 other questions following…..

I like email and communicate over text/whatsapp all the time but at the end of the day an old-fashioned call is still the best way to understand someone quickly and without confusion.

Do you agree?

Yechiel Zeilingold

1-4 Unit Financing expert | From the Construction loan to Refinance | First time homebuyer program | Excellent Rates Unmatched Service | Loan Officer at FM Home Loans & FM Capital NMLS ID 1886122

About a year ago, someone called me for a mortgage- he told me what rate he was getting from a Broker, who was his friend- but he thought he could do better.

I told him off the bat switching is not a good idea, he was already in the middle of the process and I think relationships are worth more than a few basis points (not that you shouldn’t shop around, but dropping a friend after they worked on a transaction is a little different)

We were about a quarter percent cheaper, and I told him to go back to his friend and ask him if he could do any better. His friend was able to get halfway here and he was satisfied with that.

Since then this guy has sent me three strong referrals.

If I would’ve pushed for the deal, caused a fight, I doubt I would’ve gotten any referrals from him after.

What do you think?

Congratulations to this first time homebuyer.
He got the house, and a 15k grant to help with the down payment!

It was a pleasure working with Zev Wertzberger on this transaction.

Thank you so much to Ibis Espinal for handling this complex transaction smoothly.

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I recently quoted rates for a client.
Our rates were great and decided to lock. 2 hours later he sends me a text with a picture 
of someone’s WhatsApp status.

It was a broker advertising he had just closed a similar deal to ours and his rate.

Borrower says “ Why couldn’t we get this rate?”

Instead of getting defensive and saying something like-  “why don’t you get better credit like his client probably has”

I said let me check. Repriced exactly as this guy has it structured (he charged a lot more points upfront) switched from a cashout refinance to a purchase.

And voila, we were essentially the same rate. 

But even if we weren’t, and there was no good answer.

I’d explain that too. Transparency is the most important thing.

Sometimes your pitch is good, you’re doing all the right things. But if you’re trying to get a closing to happen and the guy you’re texting closed 3 weeks ago….

Anyway, that’s how sales is.

Good products sell themselves.
The job is just to find people that need them.

If someone’s not interested, it’s just the “wrong number”, don’t take it personally.

Just move onto the next.

Agree?

graphical user interface, text, application, chat or text message

I called the listing agent when this first time homeowner made a bid “If Yaakov Tannenbaum is representing the buyer I know we won’t have any issues” is what she told me.

The realtor also relayed that to the seller who  then accepted the offer- and this owner got a great deal.

Thanks to Leora Kaufman for leading this transaction with excellence.

Pleasure working with a seasoned investor on a cashout refinance of a cashflowing 3 unit property.

Dscr loan. 
Excellent rate.
Quick process.

Thank you to Leora Kaufman for running this transaction.

A client was referred to me, who is under contract on a condo in Florida.
While we were talking, they said they have a few rental properties in New Jersey, which we can’t take out loans on and equity is just sitting there.

I replied “ have you ever heard of a DSCR mortgage?

They said they’d tried it, but one of the owners of the LLC owning this property has bad credit- the lender denied their loan.

At FM- we only check one owners credit, and we only require one guarantor for the loan.

What started out as a primary purchase ended up being a primary purchase +3 investment refinances.

If you’re in sales- It never hurt to ask “What other properties are you involved with (or insert any other field you’re in)

Ps- We allow gift funds, go up to 80 LTV with interest only, and our rates are second to none.

Yesterday a client I closed a loan with about six months ago, calls me.
“ I want to refinance in the next few months, and I am restructuring business.
Can you please let me know which option is best to be able to get the mortgage”

I told him let’s go through the numbers together- on a very aggressive estimate (if rates keep falling) your monthly payment would go down a thousand dollars monthly.

Now, if you’re able to run your company in a way where you’re “showing” very little income and let’s say you can’t get a mortgage. How much would you save?

He makes a quick calculation and says probably 30-40k annually (in taxes).

I responded “I think you have your answer.”

What he doesn’t know is we’ll make it work either way- because that’s what we do.

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