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Home > Financial Services > Mortgage Brokers > Source Lending Corporation
Source Lending Corporation
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.
Source Lending has hundreds of loan programs for every situation. They specialize in fast, hassle free closings. They have programs that allow you to purchase a home with little or no money down. They can create a loan program that will give you the payment you want, regardless of your credit situation. The best part is virtually your entire mortgage payment can be a tax deduction and you begin building equity from day one.
Many mortgage lenders will offer a refinance package where you refinance for more than the balance remaining on your old home loan. In the mortgage world this is called cashing out. The economy has also caused interest rates to drop recently which may allow you to refinance your home without increasing your monthly payments. The extra cash that results from refinancing can be used for many purposes; one of the smartest ways to use these funds is to pay off any loans with higher interest rates.
The Company also 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.
They are committed to one thing doing everything better than everyoneelse. All members of our staff are highly trained, assertive, creative, problem solvers. They will never quit until they have structured the perfect loan program to meet every one of your financial goals.
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