|
|
 |
| |
|
Home > Financial Services > Mortgage Brokers > Alaska Mortgage Solutions
Alaska Mortgage Solutions
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.
Alaska Mortgage Solutions is a branch of Central Pacific Mortgage Company. Central Pacific Mortgage Company d.b.a. Alaska Mortgage Solutions is an equal housing lender. Credit is subject to mortgage loan approval, Central Pacific Mortgage d.b.a Alaska Mortgage Solutions closes loans from its principal office in Folsom. Alaska Mortgage Solutions originates loans in Alaska, where there is no licensing statute that regulates Mortgage Lenders.
The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance.
There are many programs now available to suit a borrower's needs. Sometimes several programs can be combined to obtain the best interest rate and lowest downpayment. A number of programs allow gifts funds as well.
They offer a variety of programs designed to custom fit their clients' needs. 30 Year Fixed Rate Mortgage, 15 Year Fixed Rate Mortgage, 6 Month Libor, 1 Year Adjustable Rate Mortgage, 3 Year Adjustable Rate Mortgage, 5 Year Adjustable Rate Mortgage, 7 and 10 Year Adjustable Rate Mortgage, 7-Year Balloon, and JUMBO Mortgage Loans.
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
|
|
|
|
|
|
|