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Home > Financial Services > Mortgage Brokers > Intercoastal Mortgage
Intercoastal Mortgage
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.
Intercoastal Mortgage Company was formed in the year 1987. They are a full service provider of loans to home buyers in Virginia, Maryland, and the District of Columbia. They offer a complete array of fixed and adjustable rate products, as well as purchase money second trust mortgages. The company specializes in one hour pre-approvals in addition to no MI loans. Intercoastal emphasizes prompt and efficient service to their customers. All of their loans are processed and closed in their office. In fact, ninety percent of their mortgage originations are underwritten and approved in-house. They control the process from start to finish. Their Loan Officers and support staff average over a decade of home loan experience. This further enforces their quality of service to you, their customer. Let Intercoastal Mortgage Company makes your dreams of homeownership a reality.
The company offers virtually all mortgage products made available by Fannie Mae, Freddie Mac and the Government sector. They also offer products through private and portfolio sources. Simply put, they have a loan that fits your needs and situation. They provide loan programs such as Conventional Loans-Fixed Rate Mortgages, Adjustable Rate Mortgages, First Time Homebuyer, Limited Docs. And 2nd Trust Mortgages. Government Loans- FHA Mortgages, VA Mortgages, and construction/permanent Loans.As mentioned on a previous web page, mortgage insurance is a monthly up front fee that protects the lender from losses in the event of a foreclosure. This fee can be expensive and is not tax deductible.
Their mission is to provide you with the knowledge and tools needed for a successful journey in the home buying process.
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