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Buyers Loan Source




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.
 
Whether you are looking to purchase a home or refinance a loan, Buyers Loan Source can help. As you are local Texas Mortgage Company Buyers Loan Source offers friendly, personal service and programs for all lines of credit.
 
Buying a new homeis a source of anxiety, frustration and a huge sense of accomplishment. You did not pick the house that was best for someone else; you picked the one that's right for you. Trust their professionals to find the mortgage loan that best fits your needs, too. Less paperwork and more personal attention means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house. The amount you have available for a down payment will affect what types of loans for which you can qualify. Down payments typically range from 3 to 20 percent of the sales price for the property.
 
A second mortgage that closes with the first, often the first mortgage is for 80 percent of the purchase price and the piggyback is for 10 percent. The homebuyer covers the remaining 10 percent with their down payment. Some lenders will write a second mortgage of 15 percent or even 20 percent of the purchase price.
 
Their mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. They understand you are making a commitment in buying a new home, refinancing and mortgage or cashing out your home equity. So they make a commitment to you. They will help you qualify, apply and be approved for the right mortgage loan for you.

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