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Preferred Funding Services


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.
 
Preferred Funding Services Company was established 13 years ago. While doing financial planning for clients, the owners were aghast when it became clearly apparent that a number of otherwise intelligent people had made poor mortgage choices. Even the most intelligent of people seemed susceptible to poor mortgage choices. A further examination revealed a common thread. The mortgage process had been poorly explained, and rates were promised that couldn't be delivered. However, once the application and paperwork had started, people just stayed with the bad choice rather than restart the mortgage process; because, it was so time consuming and painful.
 
Their owners contacted every existing client with instructions on how to get the best mortgage terms. Within a year's time all clients were aware of the pitfalls. Almost immediately, they started getting inquiries from clients about getting them a mortgage. They informed them they would look their applications over as part of their process.
 
Preferred Funding Services gives them some Loan Programs such as Fixed Rate Mortgages, Adjustable Rate Mortgages, Reverse Mortgages, Balloon Mortgages, and Graduated Payment Mortgage.
 
Preferred Funding Services helps their clients finance their dream of home ownership. They educate and guide the applicants, including the credit challenged, through the process of loan approval.
 
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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