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Home > Financial Services > Mortgage Brokers > American Mortgage Corp.
American Mortgage Corp.
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan, which is normally, the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee, which is usually a percentage of the loan or property amount.
American Mortgage Corporation was established in 1997 and is located in the Minneapolis-St Paul area. The Company is locally owned and operated by former President of the Mortgage Bankers Association of Minnesota. American Mortgage believes a mortgage is a promise, one that can build a solid and trusting relationship for the term of your loan. They are dedicated to providing excellent service to their customers, striving to earn repeated business referrals from their many satisfied mortgage applicants.
The Company provides many mortgage plans which include; Acceleration Clause which allows the lender to speed up the rate at which your loan comes due or even to demand immediate payment of the entire outstanding balance of the loan should your default on you loan. Adjustable Rate Mortgage is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Sometimes known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. Balloon Payment Mortgage usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.
American Mortgage Corporation helps their clients finance their dream of home ownership. They educate and guide the applicants, including the credit challenged, through the process of loan approval. They also strive to serve their diverse community of clients in a spirit of honesty, integrity and understanding.
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