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Home > Financial Services > Mortgage Brokers > Majestic Mortgage Corporation
Majestic Mortgage Corporation
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.
Majestic Mortgage Corporation has been servicing customers in Rhode Island, Massachusetts, and Connecticut and most recently in New York since 1981. Their founder and President, Jayne E. Furlong, has been licensed in Real Estate since 1986 and has been specializing in mortgage lending since 1987. Her goal is to provide customers with the best possible rates, lowest closing costs and superior personalized service available. Majestic Mortgage Corporation is approved by the Federal Housing Administration, the Veterans Administration and is also approved with the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
With these approvals they are able to utilize state of the art mortgage software systems giving them the capabilities to give their customers a real mortgage approval within hours of their application. They have access to a full range of mortgage programs and all of their loan officers are dedicated to finding the right loan, with the best rates, terms and costs to meet their individual customers’ needs. They value their customers as real people with real financial needs not just during the transaction but also long after the loan closing.
Majestic Mortgage Corporation offers a wide variety of loan programs tailored to meet the needs of individual borrowers. The programs are Reverse Mortgages HECM and Construction Loans. The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as 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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