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Brooks Capital Lending 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.

As a homeowner, Brooks Capital Lending would like to introduce you to a couple of exciting offers to lower your monthly mortgage payments by hundreds of dollars, in addition, the opportunity to consolidate the balance of your outstanding debt while substantially reducing your payments. There are many types of mortgages you can choose from. Which type you choose usually depends on the length of time you think you'll be in your home or the other financial obligations you have. Fixed-rate Mortgage offers an interest rate that will never change over the entire life of the loan. The only things that will change will be the property tax and any insurance payments that are included in your monthly payment. The term of your fixed rate mortgage can be 15, 20 or 30 years. These terms have an affect on the various benefits you'll get from your mortgage.

A balloon mortgage offers an initial interest rate that is lower than fixed-rate mortgages. It keeps this low fixed rate for five to seven years. The balloon payment is the final payment of the loan and pays off the entire balance. Monthly payments are low because the payments for those first five to seven years are amortized at a low interest rate over the total length of the loan. If you plan on either selling your home, paying it off, or refinancing it before the balloon payment is due, then this type of mortgage is good deal. 

The company will refinance your current mortgage or provide you with access to a loan based on the equity in your home So, even if you have had less-than-perfect credit or if you are self-employed, Brooks Capital Lending will work with you to find the plan that best suits your needs.

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