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Home > Financial Services > Mortgage Brokers > Bishop Lending Group
Bishop Lending Group
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.
A strong and genuine belief in the customer for life principal of doing business is what fuels their company. The greatest compliment they receive is when they get referrals from previous customers and local real estate professionals. The Company remains loyal to their customers and their satisfaction long after their loan is closed.
They use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems they have taken the mystery out of approving and closing a home loan.
For most of their customers they are able to provide a loan approval within one hour of application when received during business hours. With their one hour loan approval you will be able to confidently find the home of your dreams knowing that your loan is already approved with Bishop Lending Group.
The Company offers fixed rate mortgages for 30 year fixed, 15 year fixed. Advantages for this loan program are monthly payments are fixed over the life of the loan, Interest rate does not change, Protected if rates go up, Can refinance if rates go down.
The Company also offers balloon mortgages for 7& 5 years. Company conducts different types of programs like First Time Buyer Programs, Stated Income Programs, No point, No fee Programs, Imperfect Credit Programs and many more.
Besides their standard loan programs, they also have a large number of unique programs to serve your needs Purchase a house with 0 down, Piggyback loans 80-10-10 or 80-15-5. No PMI payments even with 5 percent or 10 percent down, Debt consolidation programs, and Home Improvement loans.
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