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Home > Financial Services > Mortgage Brokers > Cassell Fetherston Mortgage
Cassell Fetherston 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.
Cassell Fetherston Mortgage is committed to helping you find the right mortgage product for your needs. They understand that every borrower is different and they offer a variety of products to meet your individual requirements. They make the process of securing a mortgage simple and straight forward by offering you the latest in financial tools that enable you to make sound financial choices.
Cassell Fetherston Mortgage offers a variety of loan programs to meet your needs. The Company 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.
With a fixed rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable rate mortgage, ARM the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage and the best way to select a loan product is by talking to them.
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Cassell Fetherston Mortgage can help you evaluate your choices and help you make the most appropriate decision.
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