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Home > Financial Services > Mortgage Brokers > Kauai Mortgage Co. Inc.
Kauai Mortgage Co. 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.
Kauai Mortgage Co. Inc. is a locally owned mortgage brokerage business serving all of the Hawaiian Islands since 1996. With over 40 lenders to choose from, they can obtain the right loan for you, to purchase or refinance at the most competitive rates and terms.
What sets them apart is the knowledge and experience of their loan officers. They have the know how to help you obtain the best financing for your transaction.
Hawaii properties are unique. As your local Lender, they are familiar with all the unique features of Hawaii real estate. That includes issues relating to Agricultural zoning, Accessory Dwelling Units, Farm Dwelling Agreements recorded in title, open zoning, conservation zoned properties, ohana units, high land-to-value ratios. The company is a full service mortgage broker with access to over 40 different lenders. Richard Garland, owner/broker, says there is a good reason why brokers originate nearly 70 percent of all the residential loans funded in the U.S.A mortgage broker has the ability, contacts and resources to do a better job for the borrower for more types of loans and help more borrowers who may not meet bank guidelines.
Kauai Mortgage originates the loan, processes the file, and submits the package to a lender for approval and funding. For providing these services, the lender gives the mortgage broker a wholesale cost that makes it possible for the borrower to obtain the most competitive rate available. A good comparison is a travel agent who can shop different airlines to give the traveler more choices and greater convenience.
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