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First Rate Funding Corp.


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.
 
First Rate Funding Corp. started its business operations on February 21, 2001. Their ownership, management and team of seasoned, professional staff are renowned for their years of experience and expertise in the real estate and mortgage lending industries. A great need existed for a company with a sincere dedication to qualitycustomer service, integrity and a commitment to excellence which First Rate Funding Corp. filled. The Company is committed to their goal to be recognized as the leading and most respected mortgage brokerage company in the marketplace. The timely, quality results they deliver to their customers are the key to achieving and maintaining this goal.

Conforming and Non-Conforming products, also including FHA, VA and Conventional Loan Programs like conventional mortgages- A conventional mortgage is a loan that is not insured or guaranteed by any agency or the state or federal government, Conforming and Non-conforming loans- These terms define both the size of the loan and the down payment required. A conforming loan falls under a specified loan amount set by one of two Government Sponsored Enterprises: Fannie Mae and Freddie Mac. A non-conforming, better known as a Jumbo Loan,  exceeds that amount, Jumbo Mortgages- Non-conforming loans, both fixed and adjustable which exceed conforming limits and are generally restricted to single family properties, Condos, and Planned Unit Developments.

The Company provides other types of loans like Fixed and variable rates, Purchase loans with up to 6 percent seller concessions allowed, No income/No asset verification loans, Investor loans, Previous or current bankruptcy or foreclosure, High debt to income ratios, Debt consolidation, Cash out refinances, First, second and home equity loan mortgages, Investor cash outs, 100 percent financing on purchases.
 
First Rate Funding Corp. helps their clients finance their dream of home ownership. They educate and guide the applicants, including the credit challenged, through the process of loan approval. They also strive to serve their diverse community of clients in a spirit of honesty, integrity and understanding.  

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