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Home > Financial Services > Mortgage Brokers > Resource Plus Mortgage Corp.
Resource Plus Mortgage Corp.
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.
Resource plus 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.
At Resource plus Mortgage, they know how important the mortgage selection is to your family's financial future. They have assisted home owners like you for over twenty years with almost Two Billion in mortgage loans. Trust the professionals at Resource Plus to help you make sure that after you negotiate the lowest possible price for your new home you don't overpay for your mortgage.
Rates are divided in to fixed rate, programs are 15 year fixed, 30 year fixed, 30 year fixed jumbo. Variable rate, types programs are 1/1 arm, 5/1 jumbo arm Custom rate.
Loan programs are fixed Rate Mortgage monthly payments remain the same throughout the term of the loan. Adjustable Rate Mortgage, Initial payments usually begin lower than the corresponding fixed rate payment and are expected to increase or decrease after the initial fixed period. Hybrid also called Intermediate ARMs, combine features of both fixed rate and adjustable rate loans. Interest Only Mortgages Components of an ARM, and Commonly Used Indexes for, Balloon Mortgage, Graduated Payment Mortgage, Reverse Mortgage, Construction Permanent Loan.
The company mission is to earn your loyalty by providing the best information to make the right mortgage selection, lowest rates & costs for the program that is best for you, answers to your questions throughout the mortgage process, close your loan as promised without any negative surprises.
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