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Home > Financial Services > Mortgage Brokers > Homestead Mortgage
Homestead 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.
Leo Haney is the President and Broker of Homestead Mortgage. He has been involved in the financial and lending business since 1959. Homestead Mortgage is a full service mortgage brokerage firm. Lending is their only business. The company specializes in residential real estate lending and they enjoy a sterling reputation as evidenced by the testimonials given. They are proud to state that a satisfied customer is their first and foremost priority. It always has been and always will be. They believe their success has been a direct result of the way theydo business for their customers.
If you are not 100 percent satisfied with their performance they will refund your escrow fee. Homestead Mortgage and its associates are dedicated professionals who have made a commitment to be known for their exceptional business principles and practices, maintain an unwavering commitment to service excellence. If there are any title defects they must be cleared before a buyer can purchase clear, marketable, and insurable title.
The products the Company offer include; Balloon Mortgage which is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a specific time. Conventional Mortgage is a long-term loan for the purchase of a home that is not insured by HUD or guaranteed by the Veteran’s Administration. Their also offer Fannie Mae which is the Federal National Mortgage Association, a congressionally chartered company, owned by shareholders, that buys mortgages from lenders and resells them as securities in the secondary mortgage market.
Homestead Mortgage is committed to helping you find the right mortgage product for your needs. They understand that every borrower is different and offer a variety of products to meet your individual requirements. They make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
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