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Home > Financial Services > Mortgage Brokers > Edge Mortgage Co.
Edge Mortgage Co.
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.
Edge Mortgage Co. assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
The company provides many new loan programs. Loans include conventional fixed rate loans, jumbo fixed rate loans, adjustable rate mortgage arm etc. Fixed rate mortgages offer homeowners long-term security with no surprises. Available on 95 percent loans to $240,000. Bi-weekly and first time homebuyer options are also available. Larger loan amounts at fixed rates. 95 percent loans to $350,000; 80 percent loans to $650,000; higher loan amounts and Jumbo fifteen year loans are also available. Request a Loan Quote to receive more information. The 5-1 ARM is fixed for five years, and then adjusts annually based on a one year Treasury bill index and margin fixed constant. Adjustments are limited to 2 percent annually and 6 percent over the life of the loan. Other similar options include fixed for three years, fixed for seven years and fixed for ten years then adjustable.
Edge Mortgage Co. is exceptionally proficient at grabbing promising opportunities. It 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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