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Home > Financial Services > Mortgage Brokers > MGM Mortgage Company
MGM Mortgage Company
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.
MGM International Mortgage Company is the nation's leading provider of cutting edge mortgage and real estate services at the lowest possible rates guaranteed. They promise to serve you with the quickest personal service, while maintaining a strict code of ethics and quality customer satisfaction.
The Company process in house at modest rates, as well as fund, close and sell their pooled loans into the secondary market. In summary, MGM International Mortgage Company offers great rates, professional and friendly service and speed in closing. They welcome your inquiries or visitations at any time.
The adjustable rate mortgage became popular in the early 80s, when long term interest rates were high and people needed a new type of financing to buy homes. These products start out with a lower interest rate and then the interest rate adjusts periodically. If you're confident that your income will increase steadily over the years, or if you plan to move in a few years and aren't concerned about potential rate increases, you may want to consider an adjustable rate mortgage. With an ARM, your interest rate may move up or down as market conditions change.
The principal and interest you pay are amortized over a longer period 30 years than the actual term of the mortgage. At the end of the balloon period, you may pay off the outstanding balance with a lump sum payment or exercise the option to refinance for the remaining term.
The Company is exceptionally proficient at grabbing promising opportunities. The Company continues to expand its horizons in finance setting standards of excellence in multiple fields and transforming promise and potential into economic realty.
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