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Pueblo Mortgage Financial Services


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 Company mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. They understand you're making a commitment in buying a new home, refinancing and mortgage or cashing out your home equity. So they make a commitment to you. They will help you qualify, apply and be approved for the right mortgage loan for you.
 
Company 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 advantages of fixed rate versus adjustable rate loans are fixed rate loans are available in all sorts of shapes and sizes 30 year, 20 year, 15 year, even 10 year. Some fixed rate mortgages are called biweekly mortgages and shorten the life of your loan. You pay every two weeks, a total of 26 payments a year which adds up to an extra monthly payment every year.
 
Adjustable Rate Mortgages as they called them above comes in even more varieties. Generally, determine what you must pay based on an outside index, perhaps the 6 month certificate of deposit cd rate, the one year treasury security rate, the federal home loan bank 11th district cost of funds index cofi, or others. They may adjust every six months or once a year.
 
 
 
 

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