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Home > Financial Services > Mortgage Brokers > Flaherty Funding Corp.
Flaherty Funding Corp.
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.
Tim Bryan accumulated more than 16 years of professional experience in management and customer service at Wegmans Food Markets prior to joining Flaherty Funding. He has now been with Flaherty Funding for more than six years. Tim is originally from the Greater Rochester area; he attended college at St. John Fisher and now lives with his wife in Fairport, New York. In his spare time he enjoys playing hockey and golf and for six years he has been volunteering as a coach for the Perinton Youth Hockey Organization.
Flaherty Funding is here to make sure your mortgage will suit you as well as your new home. With us, you have access to more than 100 affiliated lenders and a wide array of loan products .Rate stays the same for a period of time, 1, 5, 10 years etc., and then adjusted according to a specified index. The shorter the fixed period, the lower the initial interest rate. The adjusted rate has a limited maximum amount of interest. Mortgage amount to exceed the purchase price, but not issued at closing. The initial appraisal is based on the projected completion of works up to 90 percent of the home's value when it is rehabilitated. The new funds are distributed to a general contractor when work is done. The new higher payments begin after the funds are issued to the general contractor.
Flaherty Funding helps Credit Unions provide all of the above with access to hundreds of mortgage products, the lowest possible rates, guaranteed closing costs and no upfront fees. Their Credit Union partners enjoy an easy, seamless transition deep into the mortgage business.
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