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EAI Mortgage Group




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.
 
The company is committed to helping you find the right mortgage product for your needs. They understand that every borrower is different, and they offer a variety of products to meet your individual requirements. They make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices. Bob Case and Jeff Pilon have been in the mortgage business for over 24 years.  The company is licensed in Massachusetts, Florida & Rhode Island to provide mortgage services.
 
The company offers a variety of loan programs to meet your needs. They work with the leading lenders in the industry to provide. The fixed-rate mortgage is the most common loan is the traditional fixed-rate mortgage.  This type of loan typically has a higher interest rate than a variable rate mortgage because it offers the security of knowing exactly what your payments will be for the long term.  These types of loans are usually for a term of 30, 20 or 15 years.  If you like the stability of knowing and planning exactly how much you will pay each month, this is the type of loan best suited for you.  Adjustable Rate Mortgages have become popular due to its initial low interest rate.  The ARM allows buyers to qualify for a more expansive home because the payments are usually lower.  The interest rate for an ARM is tied to the index rate. 

These types of loans allow the borrower to decide when and how much principal is to be paid.  This program usually results in lower monthly payments and the ability to qualify for a more expensive home.

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