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Home > Financial Services > Mortgage Brokers > The Money Source
The Money Source
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.
The Money Source, Inc. has been helping people acquire home and small commercial loans since 1992, and became a California Corporation in August; 1994.The Money Source, Inc. helps savvy borrowers in strategic planning based on their personal needs and future goals. The Company is serving with more than twenty five years in the real estate and lending industry.
The Money Source, Inc. is a member of the California Association of Mortgage Brokers, CAMB and the National Association of Mortgage Brokers NAMB. These professional associations and their members are working hard to deliver to the consumer an honest, straight forward, clear understanding of the loan process and the true cost of loan products. The officers of the group are serving as leaders in the mortgage loan Industry to eliminate those unscrupulous business people from the Industry who would prey on consumers by charging excessive fees and costs that have not been earned. They are working closely with government and consumer groups to make home loans affordable and less confusing.
The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as 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 mission is to provide their clients the highest level of professional and ethical conduct, respect for their privacy, knowledge and expertise of loan products and resources, personal and corporate accountability, fair dealing, and competent competitive service as leaders in the home loan industry.
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