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Home > Financial Services > Mortgage Brokers > Choice 1 Mortgage Inc.
Choice 1 Mortgage Inc.
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.
Choice 1 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.
They offer services such as conforming fixed rate loans, adjustable rate mortgages, no money down loan, debt consolidation, refinance and many more.
Adjustable rate mortgages are fixed for a specific length and then adjust periodically thereafter. The adjustments are determined by margins. The rate is fixed for the first five years and then adjusts from year six to the end of the term.
When purchasing a home, No Money Down loan does not require a borrower to put any money down. Debt Consolidation loan uses the equity in your home to pay off excess debt. This is a smart choice. When you refinance, you lower your current interest rate to save money every month. Their cash out refinance allows the borrower to use the equity in their home to pay off high interest debt or to remodel their home.
They will continually strive to improve by never allowing themselves to become satisfied or complacent. They will diligently serve their clients by employing quality service to provide the best product available at a fair price.
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