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Home > Financial Services > Mortgage Brokers > JDI Mortgage Corp.
JDI Mortgage Corp.
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.
JDI Mortgage Corp. was established in 2001 and is approved in New York State and Florida. JDI mortgage corp. offers a variety of loan programs to meet your needs such as purchase a new home, fixed-rate mortgage, adjustable-rate mortgage and many more. You can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value.
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change.
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. JDI mortgage corp. can help you evaluate your choices and help you make the most appropriate decision.
JDI Mortgage Corp. 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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