|
|
 |
| |
|
Home > Financial Services > Mortgage Brokers > AllCity Mortgage Company
AllCity Mortgage Company
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.
All City Mortgage, Inc. is a Philadelphia based Mortgage Company with a management team consisting of 20 years of combined experience in retail mortgage lending and finance. Their mission is to provide quality, cost-efficient residential mortgages to consumers while ensuring superior customer service, professionalism, and the highest degree of integrity. All City Mortgage Company provide loan program such as Fixed Rate Mortgages, Adjustable Rate Mortgages , Hybrid ARMs 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARMA, Interest Only Mortgages, Components of an ARM, Balloon Mortgages, Graduated Payment Mortgages.
Fixed Rate MortgagesThe traditional fixed rate mortgage is the most common type of loan programs, where monthly principal and interest payments never change during the life of the loan. Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty. This type of mortgage is structured, or amortized so that it will be completely paid off by the end of the loan term. Adjustable Rate Mortgages ARM These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions. The initial rate on an ARM is lower than on a fixed rate mortgage which allows you to afford and hence purchase a more expensive home. Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.
They are also committed to originating cost-efficient loans that clearly have tangible benefits to their borrowers. In this age of abusive lending practices, we recognize the importance of not only lending responsibly, but ensuring their customers are thoroughly educated in the loan process. This concept distinguishes them from a lot of their competitors and is one of many reasons their clients enjoy doing business with All City Mortgage.
Financial Services Companies
all are here at FinancialBrowsers.com Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Mortgage Brokers
|
|
|
|
|
|
|