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Home > Financial Services > Mortgage Brokers > Pinellas Mortgage Srvcs., Inc.
Pinellas Mortgage Srvcs., 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.
Established in February of 1996, Pinellas Mortgage Services, Inc.has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals, builders and individual home buyers throughout Florida, servicing primarily Pinellas and Pasco Counties. They are constantly seeking new ways to enhance their service to their customers. This is why they are so glad to be able to offer the Interest Savings System.
Adjustable rate mortgages allow the interest rate on your home loan to fluctuate during its life. When financial markets are unstable, adjustable rate mortgages can be risky for home owners because the rate can increase with little notice. On the other hand, this type of mortgage may allow you to purchase a more expensive home. A reverse mortgage is a unique type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years.
The reverse mortgage has earned its name because the payment stream is reversed. Instead of making monthly payments to a lender, as with a regular first mortgage or home equity loan, a lender makes payments to you. Balloon mortgages are home loans that typically last for shorter periods of time, most are between 3 and 10 years, and these types of loans allow the borrower to pay lower monthly payments and interest rates. Often when the loan period has ended the home owner is required to pay the remaining balance in full. When certain criteria are met lenders may convert the home loan to a fixed or adjustable rate mortgage.
Pinellas Mortgage Services, Inc. chose as their logo Your Lender for Life.The reason is their goal is to service your mortgage needs, as they will as your friends and family. From the first home you purchase until the last one when you retire, they want to be your lender of choice.
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