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Home > Financial Services > Mortgage Brokers > HUMPHRIES MORTGAGE INC.
HUMPHRIES MORTGAGE 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.
Humphries Mortgage has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of real estate professionals, builders and individual homebuyers throughout Ohio, Indiana and Kentucky. They're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending from purchase to refinance to construction lending, and also commercial lending. They have access to a full range of mortgage sources and all of their lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet their clients' unique needs. But that's just the beginning of their service. Throughout the lending process they provide regular loan updates and progress reports so clients always know the status of their loan. They also offer a special Mortgage Manager Service for those considering refinancing their mortgage.
Company provide fixed rate program 30 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 360 equal monthly payments over a period of 30 years. Since the borrower's payments are fixed, the borrower can expect to make the same monthly payment for the entire term of the loan. A 30 year mortgage loan is the most widely accepted program used to finance a residential purchase, and is available for conventional, jumbo, FHA and VA loans and 15 Year Fixed Rate Program.
More and more lenders are offering second mortgage or home equity lines of credit. By using the equity in your home, you may qualify for a sizable amount of credit, available for use when and how you please, at an interest rate that is relatively low. Furthermore, under the tax law-depending on your specific situation-you may be allowed to deduct the interest because the debt is secured by your home.
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