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Home > Financial Services > Mortgage Brokers > Quail Ridge Funding
Quail Ridge Funding
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.
Quail Ridge Funding, LLC was founded by James Maloney and Andre Canezin as a faster, less expensive and more satisfying alternative to the impersonal and many times inflexible big bank experience. The Group uses the most advanced technology available to close loans quickly, at a low cost.
The loan programs consists of fixed rate mortgages where monthly payments are fixed over the life of the loan, interest rate does not change, protected if rates go up, can refinance if rates go down. Adjustable Rate Mortgages have lower initial monthly payment, lower payment over a shorter period of time, rates and payments may go down if rates improve and may qualify for higher loan amounts. Balloon Mortgages are taken into an account by lower initial monthly payment, lower payment over a shorter period of time and many balloon mortgages offer the option to convert to a new loan after the initial term. Lastly first time buyer programs serves at a lower down payment, easier to qualify and sometimes you may get lower rates.
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.
The company is good at what ever they do and that is demonstrated by the fact that they have one of the highest client retention rates in the technology services industry. Their clients' success is mirrored in the company’s own financial performance.
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