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Home > Financial Services > Mortgage Brokers > J.G. Mortgage Associates, Inc.
J.G. Mortgage Associates, Inc.
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.
From mortgage processing and underwriting, to loan closing and funding, their expert mortgage staff will efficiently expedite your entire transaction. They'll keep you informed every step of the way. They're committed to building rewarding, long-term customer relationships. With that in mind, you'll receive the highest quality mortgage services.
They quickly respond to new opportunities made available in today's active mortgage markets. As a result, the requirements of their mortgage customers are consistently met through mortgage underwriting flexibility and delivery of unique mortgage programs. They often identify niche mortgage programs that are essential to satisfying individual mortgage customer needs.
When you go in for a place of your own you may be pre-qualified or pre-approved. You can be pre-qualified over the phone or on the Internet in a few minutes. Pre-qualification is not as useful as pre-approval. Pre-approval requires a more rigorous process, including verification of your credit, income, assets and liabilities. It is highly recommended that you be pre-approved before you start looking for a home.
After your loan is approved, you will be required to sign the final loan documents. This will normally take place in the presence of a notary public. Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions, federal law requires that you have three days to review the documents before your loan transaction can close. Purchase transactions do not have a three day rescission period.
With so many programs to choose from, it's hard to figure out which program is best for you. Consult an experienced loan officer who can help you find a loan program that best fits your short- and long-term plans.
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