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Home > Financial Services > Mortgage Brokers > Eastern Mortgage Company
Eastern Mortgage Company
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Eastern Mortgage Company is a full service equity lending specialist, which for over 45 years, has been involved in the origination, servicing and investments in Trust Deeds and Mortgages throughout California. They are extremely innovative and progressive in lending under circumstances which are beyond and above the reach of today's conventional lenders. Eastern Mortgage Company will make loans with terms between 3 months and 7 years against any real estate which contains adequate equity. The Borrower's financial circumstances and credit rating are secondary. The amount of paperwork required from the Borrower is extremely limited.
One major advantage which Eastern Mortgage Company provides to every borrower is the complete package of services under one roof. With an in-house legal department, appraisal company and escrow, the borrower is able to receive the highest quality of service, with the lowest cost available. Eastern Mortgage Company is also very interested in purchasing secured Real Estate Notes and Trust Deed held by individuals, entities and or financial institutions. They will entertain the purchase of loan portfolios up to 10,000,000.00 dollars from investors and financial institutions. Upon a price agreement, the purchase can be funded in an extremely quick fashion, usually in a few days, and pay all cash for the notes, as long as all basic paperwork and title matters are in order.
Accommodating the Borrower's needs and making the requested loan quickly and efficiently are the main goals at Eastern Mortgage Company.The firm is uniquely adept at seizing promising opportunities. The Company continues to expand its horizons in finance setting standards of excellence in multiple fields and transforming promise and potential into economic realty.
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