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Financial Help Services


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.
 
Financial Help Services believes a mortgage is a promise, one that can build a solid and trusting relationship for the term of your loan. They are dedicated to providing excellent service to their customers, striving to earn repeated business referrals from their many satisfied mortgage applicants. The Company believes a mortgage is the most rewarding investment made over a lifetime of important financial decisions.
 
Many investors think they want the lowest 30-year fixed rate possible. Statistics show the life of a loan is 5 years. In addition, if you bought right, the equity in your property will be much better in five years. Why get anything other than a 5-year arm. Even if you are not like most investors and don't sell  the property to your tenant or other landlord, you will most likely want to refinance in five years and take some of the equity out to buy more property. If you are putting a lease purchase tenant in the house, you don't need a loan longer than 2-3 years. Remember, the lower amount of fixed time on the loan, the lower the rate will be. If plans change for your tenant, keep in mind there is a cap on how much per year the rate can increase or decrease.
 
A pre-qualification is normally issued by a loan officer, who, after interviewing you, determines the dollar value of a loan you can be approved for. However, loan officers do not make the final approval, so a pre-qualification is not a commitment to lend. After the loan officer determines that you pre-qualify, he or she then issues you a pre-qualification letter. This pre-qualification letter is used when you are making an offer on a property. The pre-qualification letter indicates to the seller that you are qualified to purchase the house you are making an offer on.
 
The Company 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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