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Home > Financial Services > Mortgage Brokers > Express Mortgage L.L.C
Express Mortgage L.L.C
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.
Express Mortgageis a full service mortgage brokerage/banking firm. Having the brokerage and banking relationship gives us the ability to process and close loans without having to go to an outside source. By controlling the entire process, they can provide you with quicker and more efficient service, faster closings and better pricing. The Company offers every mortgage product imaginable, conforming FNMA/FHLMC, non-conforming A-D Credit, government FHA/VA to meet any unique situation you may have. Their expertise lies in outstanding customer service and creativity for any situation.
Mortgage Express offers a full line of mortgage-related services, including purchase loans, refinances, construction-to-perm loans, debt consolidation and credit counseling. A fixed rate, level payment mortgages that is amortized over 30 years, but which has a balloon term of 5, 7 or 10 years. The mortgage contains a refinancing option the borrower may exercise when the balloon maturity date is reached. Requirements conform to FNMA and FHLMC guidelines. An adjustable rate mortgage with conforming loan amounts. Interest rate and payment adjustments every 12 months. The plan includes an option to convert to a fixed rate mortgage on the first day of any month beginning with the first interest rate adjustment date and ending with the fifth interest rate adjustment. Requirements conform to FNMA and FHLMC guidelines.
You can finance 100 percent of the purchase price with 0 percent down and if the house appraises higher than the purchase price, you can finance the closing costs as well. Farmers Home Administration FHA charges 1 point to do this loan.
Express Mortgageknows their success depends on their ability to provide you with superior service and the lowest rates. They are always available to answer your questions and to help you understand every step of the home buying and refinancing process from application to closing.
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