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Home > Financial Services > Mortgage Brokers > Community National Mortgage
Community National Mortgage
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Dean founded Community National Mortgage out of a need that he saw, based upon the problems encountered by his friends and relatives in attempting to secure satisfactory Real Estate Loans and as a result of his own work in the field of Real Estate Finance. Dean reached the conclusion that candor and painstaking service are rare commodities in the business and that a company can succeed that offers them almost as its principal product with all due respect, of course, to the quality of the financing instruments it can provide.
A lot of people who experience that service and frankness at Community National Mortgage come back for more. Sixty percent of the people who seek loans through the company are repeat customers. When buying a house, you may get pre-qualified or pre-approved. You a typically get pre-qualified over the phone or on the Internet in a few minutes. A pre-qualification is not as beneficial as a pre-approval where you have to go through a more rigorous process which includes verification of your credit, income, assets and liabilities. It is highly recommended that you get pre-approved before you start looking for a house. This will help you to find out the maximum house you can buy, so you don't waste time looking for properties you can not afford. Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved. Helps you close quickly, since your loan is already approved.
The company offers you 6 calculators to help you answer important financing questions. There are a number of ways to approach an affordability analysis, and these calculators allow you to assess the effects of different variables when buying a home.
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