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Avenue Mortgage


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.
 
Avenue Mortgage Corporation specializes in residential mortgages serving Illinois and many surrounding states. They present a broad range of loan programs including Conventional, FHA, VA, and Jumbo by providing quality service while maintaining the utmost professionalism and integrity. It is their intention to build lifelong business relationships and one client at a time.
 
Avenue Mortgage assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
 
Avenue Mortgage offers different types of programs which include conventional, investor loans, high debt ratio loans etc. Traditional loan programs usually require 5percent down and offer competitive interest rates. Documentation and fair-to-good credit are necessary. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for.
 
Mortgage Programs and Rates provide different types of service. A mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac, currently $333,700 is called a jumbo mortgage. Both income and assets are disclosed and verified, and income is used in determining the applicant's ability to repay the mortgage.
 
Avenue Mortgage Corporation's purpose is to provide an excellent working environment that promotes and rewards personal growth while providing residential financing for homeowners who value price, biblical character, and professionalism in an organization with honesty and improvement.

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