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Home > Financial Services > Mortgage Brokers > Castle Rock Mortgage Inc.
Castle Rock 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.
They understand the need for a close partnership between all interested parties the buyer, Realtor and loan originator. By never losing sight of my client’s financial needs, they are able to offer the appropriate loan program tailored especially for you. Their tireless and concerned efforts are supported by a deeply held belief that every loan applicant deserves all their questions answered and professional service from pre qualification to mortgage closing.
Company offers Fixed Conforming Loans for 30 year fixed FNMA/FHLMC with as little as 5 percent down, 10, 15, 20 and 25 year fixed rate terms available, 30 year fixed 97 percent financing, Community Homebuyer Program income limitations may apply, 100 percent Financing. Company also Fixed Jumbo Loans 15, 20 and 30 year fixed rate terms available.Mortgages also available for financing for second and investment homes, Financing for B, C and D credit, Home Equity Line of Credit/Home Equity Loans. Company also offers adjustable loan mortgages Conforming and Jumbo Loan Sizes, 1 month adjustable starting as low as 1.25 percent , 3 month and 1 year adjustable, 3/1, 5/1, 7/1, and 10/1 adjustable; fixed for 3, 5, 7 or 10 years at a lower rate; Converting to a yearly or monthly adjustable, 100 percent financing available.
Bank fees vary from bank to bank, and will be +/- $1,600.00 which includes Application fee, Credit report; to determine credit rating, Appraisal; to determine property value, Bank attorney; legal representation for the financial institution, Tax service; private company to handle escrow of taxes and insurance, Flood certification; to determine whether flood insurance is needed, documentation preparation fee; also known as underwriting fee, processing commitment, and/or administration fee.
They are committed to providing quality and personal service to help you make the right decision. With over 18 years experience and a professional staff to assist you, they can guarantee you the peace of mind that every home buyer should have.
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