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Home > Financial Services > Mortgage Brokers > Lenders Residential Mortgage
Lenders Residential 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.
Lenders Residential Mortgage is well versed on all types of conventional, conforming and non-conforming mortgage loan products. They offer a wide variety of borrowing opportunities from perfect credit to severely damaged credit and, they are perfectly suited to handle all borrowers. Bankruptcy, charge-offs, foreclosures, collections and slow-pays are not a problem. It is their goal to educate and inform clients in addition to meeting their mortgage requirements.
As Mortgage Bankers and Brokers, they have streamlined the home loan process from application to closing and strive to ensure that each loan closes quickly and hassle-free. They have many different loan programs that have been custom tailored to meet the individual needs of any situation.
The loan programs are fixed rate mortgages where monthly payments are fixed over the life of the loan, interest rate does not change, protected if rates go up, can refinance if rates go down. In Home Equity Line of Credit you only borrow what you need, pay interest only on what you borrow, flexible access to funds, interest may be tax deductible. In Home Equity Fixed Loan there are fixed payments, interest may be tax deductible.
Lenders Residential Mortgage assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
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