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Dow Mortgage Company


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 firm has been an Illinois residential mortgage licensee and an FHA-approved lender since 1998. From pre-approval to closing, they make you to walk through every step of the mortgage process. Most of their employees are lifetime residents of the area, so no one knows the local market conditions better than they do. Their relationships with local financial institutions, real estate agents and attorneys make the financing process run as smoothly as possible. They offer a wide variety of loan programs and lending options to fit your specific needs.  
 
A Reverse Mortgage allows homeowners 62 and older to convert the equity in their homes to cash.  It is a safe government program which results in tax-free income.  The amount received is based on age, the value of the home and the interest rates at the time of closing. Conventional loans are designed for customers with good, established credit histories. These loans are not insured or guaranteed by any agency of the state or federal government.FHA Loans are U.S. Government-backed loans that feature low down payments. The loans are long-term, low or no down payment loans. They are guaranteed by the Department of Veterans Affairs. Non-conforming loans are designed around each individual borrower's needs and circumstances.
100 percent mortgages remove the down payment barrier. Lenders advance the full value of the property to the borrower.
 
The goal is to establish a life-long relationship with their customers. They will be here for you through the purchase of your new home and into the future. They can help you with refinancing, home equity loans and reverse mortgages. 

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