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Home > Financial Services > Mortgage Brokers > Customer One Mortgage Corporation
Customer One Mortgage Corporation
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.
Customer One Mortgage Corporation is privately owned and has contracted with some of the biggest banks in the country to provide the widest array of loan programs and best interest rates available in the market place. The interest rate environment changes hourly and you must rely on your mortgage broker to secure financing on what is most likely the biggest investment you will ever make. In many ways your personal loan officer is as important as your financial advisor, accountant, or attorney.
In an loan program we have Payment/Amortization This calculator allows you to figure out your monthly payment for fixed-rate or adjustable-rate loans. It also allows you to calculate the breakdown between principal and interest in payments over the loan term. In Prepayment Savings This calculator helps you to determine how soon you can pay off your mortgage by making a prepayment, or how much prepayment you should make by shortening the time to pay off your mortgage. Also in Refinance Break-Even Point This calculator will help you determine the length of time until "breakeven" on a refinance loan, factoring in the new interest rate and closing costs.
Customer One Mortgage Corporation, our highly experienced loan officers and staff all have one goal: to make financing or refinancing your home as fast, simple, secure, and inexpensive as possible.
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