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Home > Financial Services > Mortgage Brokers > Salem Five
Salem Five
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.
Founded in 1855 and headquartered in Salem, Massachusetts, Salem Five Cents Savings Bank was known as the Nickel Bank because the first day's deposits ranged from five cents and upward. Salem Five has stood strong and steadfast, offering financial services to the citizens of greater Salem and beyond. Today, they are strong, well capitalized and one of the most innovative banks.
Today, with assets in excess of $2 billion, they are a leading financial services institution that offers a complete array of products and services for consumers and small businesses. Through their various subsidiaries Salem Five Mortgage Company, Salem Five Investment Services, their full service brokerage company and Salem Five Insurance Agency which offers life, property and casualty insurance, they meet the financial needs of consumers and small businesses everywhere.
Whether you are purchasing a new home or refinancing an existing one, they offer hundreds of loan options and specialized mortgages that are right for you. Additionally, they offer you GE's Homebuyer Privileges program, with savings, discounts and special offers to help you make the most of your new or existing home.
At Salem Five, their Loan Officers will customize a mortgage solution to fit your needs. Salem Five offers special affordable program financing, jumbo loans, FHA and VA options, conventional, specialty lending, and much more. Plus you will get great rates and excellent service to complete your home purchase or refinancing needs.
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