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Home > Financial Services > Mortgage Brokers > Tri Minnesota Mortgage, Inc.
Tri Minnesota Mortgage, Inc.
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.
Tri Minnesota does business not only in Minnesota, but in Wisconsin as well. Tri Minnesota Mortgage, Inc. mortgage brokers offer the products of many wholesale lenders they often have the best selection. While many would consider the best deal to mean the lowest rate, a loan program with a very low interest rate may not be the best choice for a consumer with limited cash, if that rate comes with high points and fees.
A 15 year loan may save a borrower tens of thousands of dollars in interest payments over a 30 year loan, but the higher monthly payments may not be acceptable to the consumer. So, the best deal for any consumer depends on his financial circumstances, needs, and goals. Today over half the nation's mortgages are originated by mortgage brokers. This clearly indicates that consumers are choosing the superior options, service, and expertise offered by mortgage brokers. Brokers have forced retail lenders to compete with other loan sources driving down costs nationwide. Tri Minnesota Mortgage, Inc. 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.
The company is dedicated to a goal which is to save you money, distress and time and they guarantee results. Whether you are a new residential home buyer, a seasoned commercial developer, or simply refinancing an existing mortgage, the Company offers the best package of service, rates, and closing finesse few in the industry can come close to.
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