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Home > Financial Services > Mortgage Brokers > Greatland Financial Services
Greatland Financial 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.
Greatland Financial Services assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; 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.
Greatland is an Illinois residential mortgage licensee serving the greater Chicago land since 1999. The Company has numerous different home loan options, and they are confident that they have a program to fit your needs.
While there are numerous options in home finance, 20 percent is the typical amount required to put down on a loan to make it a conventional home loan with no private mortgage insurance; however, Greatland Financial Services has the ability to use new loan options available, such as first time buyer programs, 80 to 20 loan programs and other low money & no money down options. Approval amounts depend on a number of factors, the three key factors being income, credit rating and your existing level of debt.
Greatland Financial can help you get started and find out what your purchasing situation looks like. Just fill out the preliminary application form from the side bar. Buying a home has wonderful tax benefits. Interest on home loans as well as property tax is great tax deductions for your income tax each year.
Greatland Financial Services such as Financial Planning & Business Planning, Retirement Planning, Life Insurance, Mutual Funds, Long Term Care Insurance, Annuities, IRA's, SEP's, Disability Income Insurance, 401K's, and Health Insurance.
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