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Home > Financial Services > Mortgage Brokers > BancStar Morgage, LLC
BancStar Morgage, LLC
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.
At BancStar Mortgage their mission is to set a high standard in the mortgage industry. They are committed to quality customer service putting the people they serve first. They will always adhere to the highest degree of integrity in all of their business dealings.
They offer custom solutions for every residential mortgage financing situation. Whatever your residential financing needs, they will tailor a loan that's right for you Purchase, Refinance, Construction, Home Improvement, Investment Properties etc.
Backed by the Department of Housing and Urban Development this mortgage offers the borrower the ability to put as little a 3 percent down payment and they can even finance allowable closing costs. Seller can contribute up to 6 percent of the purchase price to the buyer towards closing costs.
Same as above only the borrower pays for closing costs or can have the seller contribute up to 6 percent towards closing costs. Used to finance 1 to 4 family properties that will be for investment with as little as a 10 percent down payment. Aggressively priced these programs have many variations such as NO DOC, LIMITED DOC and FULL DOC. program not available in New York.
Their web site is the latest in their efforts to provide the highest level of customer service. They hope you'll find this a convenient way to learn about residential mortgage financing. They have extensive experience in residential mortgage lending and offer a variety of programs to meet every need.
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