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CFS 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.
 The company was founded in 1982 and currently operates as a mortgage banker licensed by the State of Arizona. The company is a privately held company with offices in Phoenix, Scottsdale, Carefree, and Sedona. The company originates all types of residential real estate loans, including conventional Conforming & Jumbo, FHA & VA loans, Lot & Construction loans, and second mortgages and home equity loans.  They also originate small commercial loans on a limited basis.
In 2005, CFS originated over $300,000,000 in loan volume. Specializing in purchase transactions, the company enjoys relationships with many fine real estate agents, custom home builders, and large production/tract home accounts, as well as a variety of other referral sources. Currently, CFS works with Ryland Homes, Universal American Homes, Beazer Homes, Fulton Homes, Mirage Homes, Earlie Homes, Sunlore Homes, Ashton Woods Homes, Morrison Homes, and various others.
For many years, the Phoenix Business Journal has named CFS to the top 25 lenders in Maricopa County. CFS is also a member of the Mortgage Bankers Association the world's largest and most recognized lending organization, as well as the National Association of Mortgage Brokers, the Arizona Association of Mortgage Brokers, the Phoenix and Scottsdale Board of Realtors and the Arizona Better Business Bureau. Pre qualification usually starts the loan process.  Once they have gathered certain information about the borrower’s income sources and debts, a determination can be made regarding how much they can pay for a house.  Due to the wide variety of loan programs available, sometimes the borrower can make some tradeoffs in order to get what they want. 
The approval process focuses on two main issues: the ability to repay the loan and the borrower's willingness to repay.  The ability to repay the mortgage is determined by verifying and evaluating current employment and total monthly income. Generally speaking, mortgage companies prefer that you have been employed by the same company for the last two years or have at least been in the same line of work.

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