Working with Larz
Who is Larz Martin?
A Senior Mortgage Broker with Lumin Lending, Inc. in Irvine, California. NMLS #2026245 and California DRE #02241936.
Are you a broker or a direct lender?
A broker. I don't lend my own money. I shop your loan across 100+ wholesale lenders through Lumin Lending and recommend the one that fits your goal, price and timeline.
What does it cost to work with you?
Broker compensation is disclosed up front on your Loan Estimate, and lenders often pay it. You see every cost in writing before you commit.
Which states do you serve?
I'm licensed in AZ, CA, WA. If your property is somewhere else, I'll try to point you to someone who can help.
How do I verify your license?
Look up NMLS #2026245 on NMLS Consumer Access (nmlsconsumeraccess.org). Lumin Lending, Inc. is NMLS #2716106.
Why don't you advertise rates?
Because a rate without your credit, equity, property and loan size isn't real. I'd rather quote you an actual number than a teaser.
Can you guarantee approval?
No one honestly can. Every loan is subject to credit approval, underwriting and property eligibility. What I can do is find the lenders most likely to say yes.
What happens on the first call?
About 20 to 30 minutes on your goal, your numbers and your timeline. You leave knowing which programs fit and what the next step is. No hard credit pull without your OK.
Credit & qualifying
Will checking my options hurt my credit?
Not to start. The questionnaire doesn't pull credit. When you're ready to apply, I'll ask before running it.
I was told no by another lender. Can you still help?
Often, yes. One lender's overlays aren't the whole market, and non-QM programs exist for many scenarios banks pass on.
Can you help if I'm self-employed?
Yes. You can qualify with tax returns or, on non-QM programs, with bank statements, 1099s, a P&L or assets.
What documents will I need?
Usually ID, recent pay stubs or other income documents, two months of bank statements, and for refinances your current mortgage statement and homeowners insurance.
HELOCs & home equity
What is the 5-Day HELOC?
A digital HELOC on select programs that can fund in as few as 5 business days after you accept your offer. Primary homes fund after the 3-business-day right to cancel.
HELOC or cash-out refinance?
If your current rate is lower than today's, a HELOC or home equity loan usually wins because your first mortgage stays put.
Can I get a HELOC on a rental?
Yes, on select programs, typically up to 70% combined loan-to-value with 680+ credit.
Refinancing
When is a refinance worth it?
When you'll keep the loan past the break-even point: total costs divided by monthly savings.
Does refinancing restart my 30 years?
Only if you choose a 30-year term. You can pick a shorter term or keep paying extra to stay on your original payoff date.
Process
How long does it take to close?
Purchases and refinances usually take about 30 to 45 days. Select digital HELOCs can fund in as few as 5 business days after you accept your offer.
Can I lock my rate?
Yes, once you're in contract or ready to refinance. Lock lengths and costs vary by lender.
Each loan program page has its own FAQ too. Browse programs or check the glossary.
