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Loan Emporium, Inc.


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.
 
Loan Emporium, Inc. is a California corporation approved to do business in 14 states.  They are a licensed lender/broker in Arizona, California, Oregon, Washington, Utah, Missouri and Texas. They will soon be licensed in Nevada, Hawaii and New Mexico.
 
The most common type of mortgage program is Fixed rate mortgages where your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable. Fixed-rate mortgages are available for 30 years, 20 years, 15 years and even 10 years. There are also bi-weekly mortgages, which shorten the loan by calling for half the monthly payment every two weeks.

Some second mortgage loans may extend for as long as 15 or 20 years; others may require repayment in one year. You will need to discuss the repayment terms with them and select one that offers terms that best suit your needs. For example, if you need to borrow 20,000 dollars to make repairs on your home, you may not want a loan that requires you to repay the entire amount in one or two years because the monthly payments may be too high.

Their mission is to lead in providing loan services throughout the United States through an inventive network of managers and agents to customers all over the United States.  From their ability to fund loans up to one million dollars and their correspondent relationship with institutional investors, their managers and agents create an atmosphere of satisfied customers.

Financial Services Companies all are here at FinancialBrowsers.com

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