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Iowa Mortgage Associates 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.
 
Iowa Mortgage Associates, Inc. is committed to helping you find the right mortgage product for your needs. They understand that every borrower is different, and they offer a variety of products to meet your individual requirements. The Company makes the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
 
Iowa Mortgage Associates, Inc. offers a variety of loan programs to meet your needs. They work with the leading lenders in the industry to provide. Unless otherwise indicated, these APR calculations are based on the Conforming loans are calculated based on a loan amount of $333,700 with closing costs of $6,674. Jumbo Loans are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
 
To get a sense of how much you may be able to borrow, fill in the form below and click on the calculate button. Please note that prequalification is different from a preapproval. Prequalification gives you an estimate of how much you may be able to borrow.
 
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage, the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to them.
 
They help their clients finance their dream of home ownership. They educate and guide the applicants, including the credit challenged, through the process of loan approval.
 

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