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Centurion Mortgage




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.
 
Centurion Mortgage is serving the Dallas - Ft Worth metroplex since 1996. They are one of the largest local mortgage providers devoted to making your home buying experience easy and satisfying.
 
Centurion Mortgage is providing Loans Programs such as, The most common type of mortgage program where your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable. These loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.
 
Standard ARMS and the Differences; A few options are available to fit your individual needs and your risk tolerance with the various market instruments. ARMs with different indexes are available for both purchases and refinances. Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates. Other Loans programs such as Introductory Rate ARM's, London Inter Bank Offered Rate, Balloon Mortgages, Cost of Funds Index, Interest Rate Buy downs, Graduated Payment Method GPM , choosing the Best Program.
 
FHA requires a mortgage insurance premium for its home buying programs. An up-front premium of 1.50 percent of the loan amount is paid at closing and can be financed into the mortgage amount. In addition, there is a monthly MIP amount included in the PITI of 0.50 percent. Condos do not require up front MIP only monthly MIP. The mortgage insurance premium paid on an FHA loan is always significantly higher than on a conventional program.

More than 29 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.

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