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Home > Financial Services > Mortgage Brokers > Award Mortgage, Inc.
Award Mortgage, Inc.
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.
Award Mortgage, Inc. 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. They use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems they have taken the mystery out of approving and closing a home loan. Referrals from previous customers and local real estate professionals have always delivered the majority of the Company's production.
Award Mortgage, Inc. provides different types of programs which contains various Adjustable rates mortgage. All these programs provide advantages and disadvantages. First Time Buyer Programs which gives Lower down payment, Easier to qualify etc.30 year fixed provide monthly payments are fixed over the life of the loan; interest rate does not change etc. But this required higher interest rate, higher mortgage payments, rate does not drop if interest rates improve etc. Some programs which have government subsidies may have a recapture tax if you sell the house too early. Imperfect Credit Programs are potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, it is able to reduce your monthly debt payment.
They also have a large number of unique programs to serve customers needs. Award Mortgage, Inc. is able to provide you with rates that are the same.
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