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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.

NameYourLoan, who has earned a reputation of being the premier mortgage banking company of the new millennium, believes that, getting results for client's in today's marketplace demands a mortgage company that thinks outside the box. With a unique approach to lending, they offer the lowest rates and fees while providing excellent service and overall value time and again.

These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals. Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates. A Special type of loan made to older homeowners typically 62 plus to enable them to convert the equity in their home to cash to finance other needs. Short term mortgages that have some features of a fixed rate mortgage. The buyer would pay points above current market points in order to pay a below market interest rate during the first 2 years of the loan. At the end of the 2 years they would then pay the old market rate for the remaining term.
 
The right of the mortgagee lender to demand the immediate repayment of the mortgage loan balance upon the default of the mortgagor, or by using the right vested in the Due-on-Sale Clause. An analysis of a buyers ability to afford the purchase of a home. Reviews income, liabilities, and available funds, and considers the type of mortgage you plan to use, the area where you want to purchase a home, and the closing costs that are likely. APR is a measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders apply the same rules in calculating the annual percentage rate, it provides consumers with a good basis for comparing the cost of loans.
 

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