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Home > Financial Services > Mortgage Brokers > Dove Mortgage
Dove 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.
The goal of Dove Mortgage is to become a lender that is noted as being fair, fast, having friendly service with the most competitive rates in town. They offer a wide range of lenders to bring the nation's best rates to your hometown.
Loan services are it is important to take a good look at whether home ownership is right for you. Owning a home involves both advantages and obligations. They can help you analyze your current expenses and help you compare them to the costs of owning a home, and thereby helping you decide if you can afford to buy a house at this time.
Generally, the following guidelines are used for most conventional programs. It is important to emphasize that these are only guidelines and subject to change and deviation. Advantages of financing Low down payment Favorable, interest rate higher qualifying, ratio Liberal qualifying guidelines, no prepayment penalty refinances eligible Assumable without a change in interest rate Formal assumption Gift funds may be used for 100 of the total costs Down payment & closing costs. Advantage of financing is low cash outlay up to $214,000 mortgage with-0-down payment. Liberal qualifying guidelines Assumable by qualified purchaser with no change in interest rate. No prepayment penalty use of partial eligibility.
The basic objective of the guaranteed Rural Housing loan program is to assist eligible households in obtaining adequate but modest, decent, safe, and sanitary dwellings and related facilities for their own in rural areas by guaranteeing sound Rural Housing loans which otherwise would not be made without a guarantee. Guarantees issued under this subpart are limited to loans to applicants with incomes that do not exceed income limits.
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