What we do

Contact Information

Vanguard Mortgage Corporation

765 High Street, Suite 5 Sedgwick Professional Building Bath, Maine 04530

*Phone: 207-442-0909
*Toll Free: 877-442-0909
*Fax: 207-442-0901

What we do

Vanguard Mortgage Corporation works in the wholesale mortgage markets to bring a full range of mortgage products to the consumer. Unlike the local bank, we have numerous channels of mortgage funding to solve most financing needs. Also, we strive to keep our overhead low providing a benefit to the mortgage borrower in the form of competitive rates and affordable closing costs.

Our business is referral-based, relying upon satisfied customers and real estate brokers to spread the word about our performance and competence. We do no telemarketing, and only limited advertising. We reciprocate for word-of-mouth recommendations by committing to our high standard of professional, personalized excellence.

How we work

Vanguard Mortgage works hard to find the right solution for your real estate financing needs - whether typical or unusual. There are 4 important steps to this process:

1. Advise Client

Which loan is best for your purposes?
For what programs do you qualify?
What are your options & choices?

2. Shop Rates & Programs

Which wholesale lenders offer the best rates & terms?
Which programs should be avoided, and why?

3. Offer Competition

Vanguard lowers overhead, providing greater competitive pricing.
We tap into wholesale channels for the consumer.
Vanguard charges only reasonable fees.
We streamline the mortgage process.

4. Treat Client Professionally

We abide by Federal lending laws and provide all Maine disclosures.
Vanguard subscribes to the NAMB Code of Ethics.

You should know about...

Mortgage fraud & “side deals”

As a consequence of the rapidly escalating occurrence of mortgage fraud throughout the United States, greater attention is being placed upon this issue by lenders, mortgage insurers, and government regulators & investigators--federal and state.

There are two types of mortgage fraud—fraud for profit and fraud for property. Both are illegal. In the first instance, there is a criminal intent to defraud the lender, possibly including among other things: fake or inflated appraisals, fraudulent deeds, counterfeit lending documents, or stolen identities.

In the second instance, fraud for property, the fraud may consist of consumers attempting to acquire property under false pretenses, such as misrepresented income or employment history, omission of information, or falsely stated occupancy.

Similarly, side deals between sellers and buyers, although often considered benign by consumers and real estate brokers, are too violations of federal and state laws. Side agreements which provide that funds are to be given to the buyer outside of closing (off the HUD 1) for any purpose (property repairs, closing costs, down payment assistance, etc.) have the effect of inflating the value of the property and are banned.

Who pays for the losses from mortgage fraud? Everyone. Beyond jail time, major fines, and forfeiture of income for the participants in mortgage fraud, losses to lenders are reflected in higher interest rates, foreclosures, and greater costs passed on to consumers in general. We all pay for fraud.