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Home > Financial Services > Mortgage Brokers > Mid City Mortgage
Mid-City Mortgage
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.
Mid-City Mortgage has been providing expert mortgage services since 1970. They can help you buy or refinance your home, lower your monthly payment, or pull out cash. It can arrange for lending you up to 100percent of the value of your property for 1st mortgages or trust deeds. They can arrange to lend you up to 125percent of the value of your property for 2nd mortgages or trust deeds. They also arrange for lending on the different types of properties like single family homes both owner occupied, and rental houses, condos, town homes, co-ops, 2-units, 3-units, and 4-units, mobile homes which are permanently affixed to the land which is owned by the borrower.
The interest rate depends upon ones exact loan profile in other words how much money you make each month, your current monthly bills in relation to your income, credit score, and other factors. Their mortgages put together loans for people with great credit and even people with terrible credit. Their rates are extremely competitive for borrowers with great, fair, or even bad credit. Your exact rate will depend on what your situation is. The important thing to emphasize in your own mind is not the rate itself, but the accomplishment of your short term goals right away.
The important short term goal, which they could probably accomplish, is by getting you the money you need now, give you a loan program which would help re-build your credit, position you so that 2-3 years from now, after you have paid the new loan on time, ready you so that you could get a new 30 year fixed rate at 6-7percent or whatever the going rate is at that time.
The Company’s mission is to deliver their customers a level of value and service that exceeds their expectations.
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