About Peter Traum
Peter is a VP of Mortgage Lending with Rate, Inc., a mortgage banker and direct lender, and has been involved in residential lending for the past 26 years. His focus is lending to individuals needing financing to purchase a home for a primary residence, vacation home or investment property. In addition, he lends to those wishing to refinance their existing mortgage. Peter's clientele is composed entirely of previous clients and those referred by others. He works diligently to create a custom tailored loan program for each individual coupled with a stress free borrowing experience. "I love what I do. I genuinely enjoy helping my clients to purchase their new home or refinance the mortgage on the one they already own to better their situation. Whether it's a first time home buyer or an empty nester, downsizing, the joy of seeing them get the keys to their new home at the closing is still a thrill for me. That's why I attend every loan closing to witness that wonderful happy moment. I strive to create an experience that everyone will remember as the easiest time they have ever had borrowing money. Educating the client is a key component of my approach. When a client understands the process and the lending methodology it makes the whole experience more pleasant. I want every client to enthusiastically recommend me to their friends, coworkers and neighbors because they received incredible service beyond any expectations. Only then, have I truly done my job!"
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Bank Statement loans
Self-employed? Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without tax returns, W2s or pay stubs.
Foreign National loans
Not a US Citizen? Foreign National loans are available without a social security number, green card, or visa and do not require a FICO score.
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Located at 350 Main Road, Suite 203 Montville NJ, 07045
*Rate's 5-minute pre-approval refers to an automated underwriting review of borrower submitted loan documentation and subsequent pre-approval and should not suggest to a borrower that Rate has fully funded or approved the borrowers mortgage application within 5 minutes. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Restrictions apply.
**Rate's Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to Rate within 24 hours of locking a rate on a mortgage loan the opportunity to receive a loan approval within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Rate reserves the right to revoke this approval at any time if there is a change in your financial condition or credit history which would impair your ability to repay this obligation. Read and understand your Loan Commitment before waiving any mortgage contingencies. Borrower documentation and Intent to Proceed must be signed within 24 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Not available in all states. Restrictions apply. Visit rate.com/same-day-mortgage for terms and conditions.
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