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Home > Financial Services > Mortgage Brokers > Financial Strategies of The South, Inc.
Financial Strategies of The South, Inc.
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 Strategies of The South, Inc. is a mortgage broker institution that prides itself in providing high quality financial services to the public. Their mission is to provide a high quality mortgage program at the most competitive rates in the nation. Their home loan programs include: purchase, refinance, debt consolidation, home equity loans, second mortgages, construction loans, and home improvement loans tailored to your unique situation. Their staff of mortgage service professionals makes themselves accessible to clients around the clock, and strives to obtain the best mortgage loan package no matter what the situation.
There many things to consider when refinancing your home loan. The fees associated with refinancing can add up quickly so, many mortgage companies will waive fees associated with refinancing applications and legal fees. This fee reduction can amount to large savings for the home owner but may result in a slightly higher percentage rate than expected. It is important to talk about your loan options with your loan officer. Additionally, the amount of time you plan to spend in your home will impact your decision to refinance. Many mortgage lenders will allow home owners who expect to live in their home for a minimum of three to five years to pay points and closing costs upfront. This option ensures the home owner obtains the lowest percentage rate available.
The Company never puts you in loans that don't make sense. If refinancing a loan will cost you more than it will save you, or if it does not make financial sense, they won't do it. They are committed to putting you in the loan that fits your individual needs. Through the process they take you through they take your application, pull your credit bureau report at the same time, getting you pre-approved for your loan. Since they know your time is valuable, they will streamline the process; they will call and discuss your options with you. The Company won't put you in a loan that will cost you more money in the long run, or does not make financial sense.
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