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Contact Information
phone: (314) 786-2843
mobile: (314) 740-0004
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Ted Rood
Mortgage Banker,  The Federal Savings Bank
395 North Service Road,  Ste 407W
Melville,  New York  11747
Client Testimonials
“Executive Director”
I have worked with Ted over the past several years. He is one of the best loan officers I have ever met. He is detailed oriented, keeps the customers best interest as his goal and understands the entire loan business. He level of excellence is what is needed in the mortgage industry.
“Financial Advisor”
Ted is a first class mortgage advisor. I have trusted his expertice and been very pleased by his customer service with my clients for nearly 4 years. You will never haev to worry about your client experience with Ted, he goeas above and beyond to bring value to the people he serves. Thanks for all that you do Ted!!
“A "thank you" for your continued excellence”
Ted assisted us in refinancing recently, and my wife and I had a great experience. Ted was very attentive and helpful through this process. Not only would we recommend Ted to anyone, but truly appreciated his hard work and genuineness.
“Reverse Mortgage Consultant”
Ted has demonstrated the highest level of professionalism and knowledge at every opportunity upon which we have worked together. I would not hesitate to refer my best clients and friend to Ted for his assistance.
“Outstanding Service!”
I had a great experience refinancing my home loan with Ted. I always felt as if Ted was looking out for my best interest and provided the best options for my family and me. Ted was always available when I had questions and responded in a professional and kind manor. The process from start to finish was straightforward and simple. I would highly recommend Ted as a resource for a home loan. Thanks Ted!
“Thank you for yet ANOTHER great refi!”
I have gone through 2 refis with Ted and although I have never met him, I feel like he's a long lost friend when I went through the refi the second time. Great rates, covers your closing or gives you the best options to save you money. He makes everything so simple, everything can be done via email, and gets me a closer to my house on a Friday night right before Christmas! He's ALWAYS available to assist with any questions and he's just as diligent in his customer service with any friends you refer to him. Thank you Ted!
“I had a "WOW" experience with Ted and his team”
Ted helped us with refinancing our primary residence and an investment property, taking advantage of the record low rates available in early 2013. There were multiple transactions, he's in the Mid-West and I'm on the East Coast, I disputed the appraisal - nothing threw him. He and his team worked really well with my title company here locally with no problem whatsoever. Communication was constant with us during the process even adapting to my e-mail or phone communication preference based on my schedule. He managed to extend our rate lock for a few days, even though rates had risen by 3/8 of a point from our lock. As with any re-fi, it should be that the quicker you are with providing information, the quicker you'll close. Definately the case here. No hesitation with this recommendation - if you're dong a re-fi, just use him for it.
“Smooth as could be!”
Excellent, attentive, and professional service. Everything went as smooth as could be.
“Best in the BIZ!”
Ted was great to work with. I contacted him when I was just thinking about buying a house. He went over my credit scores, which I needed to raise. He told me exactly what to do to get those up fast. Once they were up, we got the ball rolling and had everything we needed together in a very timely manor. He really knows his stuff, and helped me the whole way through the process. From getting my credit to where it needed to be, to being available at any time of day to answer my (many) questions. He was always prompt with his replies, and always had an answer for me. I have already recommended him to a friend and will continue to do so! He really was a pleasure to work with and I plan on using him in the future!
“Started out as a Customer and Finished as a Friend”
I readily admit to being a "high maintenance" customer when it comes to financial decisions, needing to ask questions and staying actively involved. With this in mind, I was careful to find a mortgage planner who would be (i) very knowledgeable and (ii) patient. Ted is a regular contributor to MortgageNewsDaily, a premier site for daily market analysis as it relates to mortgage rates, and through my review of the site over several weeks I found Ted to have a knack for reading the market quite well and, what's more, being able to explain his insights in an easy-to-understand way. Noticing this, I asked Ted to help me with my refinance and I am sure glad I did. From beginning to end, Ted was communicative and helpful and made sure to accommodate my inquisitive nature by providing me with technical analysis and all the detail I asked for, all in a way that never felt condescending or rushed, despite the need for certain concepts to be repeated. Though he has a very busy schedule - due in no small part to his obvious expertise - I felt like I was his only customer. And this is despite him being several states away (as a mortgage "correspondent", essentially higher up on the mortgage lending chain than an average loan officer, Ted is able to write mortgages anywhere in the United States). As an example of the direct benefit of Ted's expertise, Ted early on suggested that I get all of my paperwork to him as soon as I could so that I'd be able to pounce when the right opportunity came along, especially since he had sensed the market was trending downward based on political instability abroad and its anticipated effects on the domestic bond market (which directly correlates to mortgage rates). And exactly as he predicted, the market soon dipped - to its lowest point this year - and because of our preparation, I was able to confidently lock with a relatively short lock period, knowing that much of the heavy-lifting document-wise had already been done - that alone saved me hundreds of dollars. I'm certain that if I had gone with someone less organized and less-informed I would have missed that sliver of an opportunity - the significant dip lasted only one day! - and would still be praying for the rates to come down again. As cliched as it may sound, if you are looking for a smart, personable, honest and capable mortgage planner, Ted is your man.