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Cambridge Mortgage Associates


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.
 
Cambridge Mortgage Associates use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems they have taken the mystery out of approving and closing a home loan.
 
Cambridge Mortgage Associates 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 offers various Loan Programs. Fixed Rate Mortgages has two types 30 year fixed and 15 year fixed. Adjustable Rate Mortgage is divided into 10/1, 7/1, 3/1, 1 year, 6 month and 1 month Adjustable Rate Mortgage. Balloon Mortgages are divided into 7 year and 5 year mortgage. They also offer First Time Buyer Programs, Stated Income Programs, No point, No fee Programs, Imperfect Credit Programs, Home Equity Line of Credit and Home Equity Fixed Loan .

A commitment to the customer for life principle of doing business is what fuels Cambridge Mortgage Associates. Returning customers and referrals have always provided the majority of their company's applications. The Company has gained a fair deal of faith from their customers and continues to serve the community with a level of quality few in the industry can match.

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