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Home > Financial Services > Mortgage Brokers > AmeriLending
AmeriLending
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.
AmeriLending 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 Loan Programs such as Adjustable Rate Mortgages in which there is lower initial monthly payment, lower payment over a shorter period of time. Balloon Mortgages advantages are Lower initial monthly payment, Lower payment over a shorter period of time. They also offer 30 year fixed, 15 year fixed loans. Its advantages are monthly payments are fixed over the life of the loan and Interest rate does not change.
The company also provides First Time Buyer Programs which allows Lower down payment, Easier to qualify, sometimes you may get lower rate. Stated Income Programs has faster approval. Imperfect Credit Programs is Potential for reestablishing credit if you pay your mortgage on time. Home Equity Line of Credit has Flexible access to funds and Interest may be tax deductible. Home Equity Fixed Loan has fixed payments.
AmeriLending believes a mortgage is a promise, one that can build a solid and trusting relationship for the term of your loan. They are dedicated to providing excellent service to their customers, striving to earn repeated business referrals from their many satisfied mortgage applicants. The Company believes a mortgage is the most rewarding investment made over a lifetime of important financial decisions.
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