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Home > Financial Services > Mortgage Brokers > NC Mortgage Services
NC Mortgage Services
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.
If a refinance transaction is not in the client's best interest they will tell that client so. They build their business primarily on the referrals of their clients, so they take their customer service very seriously. 100 percent Purchase, 30 Year Fixed Rate Interest Only, 5 percent Down Primary Or Second Home Purchase, 90 percent To 100 percent Investment/Rental Properties, 97 percent FNMA, Construction To Permanent Fixed Rate Locked, Home Equity Lines Of Credit, No Income Verification, Refinancing, Rate/Term or cash-out, Sub-Prime Programs And Va Loans For Veterans These loan programs they offers to their clients.
It used to be that lenders required documentation from borrowers then mailed out verifications to employers, banks, mortgage companies, and so on, in order to verify the data. Nowadays, the interest is often in speed and getting answers quickly, so alternate documentation has become more widely used. Alternate documentation means that underwriting answers can be obtained with information supplied directly from the borrower instead of waiting around for verifications to come back in the mail. The following is required for most standardized loans as part of alternate documentation processing. Items may differ according to whether your loan is a conforming Fannie Mae or Freddie Mac, non-conforming jumbo loan, government loan, or a portfolio loan. Verifications are still mailed out, but usually as part of quality control procedures. These are the things you need to supply to your lender to get a quick approval using alternate documentation.
It is the company’s policy to provide pre-qualifications free of charge to all people serious about purchasing their new homes, or desiring to save thousands of dollars through refinancing or debt consolidation. Furthermore, they believe that their clients are entitled to prompt, courteous, professional service.
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