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Home > Financial Services > Mortgage Brokers > THE MORTGAGE ZONE, INC.
THE MORTGAGE ZONE, INC.
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 Mortgage Zone 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.
Standard clause in a mortgage that requires the balance of the loan to become due immediately, in which regular mortgage payments is not made or there is any breach of other conditions of the mortgage. Interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate. Summary of public records linking to the title to a particular piece of land, an attorney or title insurance company searcher reviews an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase clear, marketable, and insurable title.
There could be to various reasons to apply for a refinance such as Home Improvement, Lower Monthly Payments, Get rid of High Rate 2nd Mortgages, Debt Consolidation, and Tap into your equity for a big expense. By making one easy adjustment, in how you make your payment, you will save tens of thousands of dollars in interest, shorten your mortgage by nearly 8 years, build your equity 2 to 3 times faster, simplify paying your mortgage each and every month.
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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