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Home > Financial Services > Mortgage Brokers > J. Powder Mortgage, Ltd
J. Powder Mortgage, Ltd
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.
J. Powder Mortgage, Ltd. is a full service Mortgage Broker. Whether it is 100 percent financing, conventional or non-conforming, they can help. They offer a variety of loan programs available with both fixed and adjustable rates. Whether you have perfect credit or less than perfect credit, J. Powder Mortgage has a program to meet your individual needs. They are committed to helping their clients realize the American Dream of home ownership. Their experienced mortgage specialists are dedicated to providing their customers with superior service. They have a long term business relationship with many lenders which allows them to get the best rate and program that best satisfies your objectives.
Pre-qualification occurs before the loan process actually begins, and is usually the first step after initial contact is made. The lender gathers information about the income and debts of the borrower and makes a financial determination about how much house the borrower may be able to afford. Different loan programs may lead to different values, depending on whether you are qualified for them, so be sure to get a pre-qualification for each type of program you are suited for. The borrower provides state issued identification, signs the loan documentation and is provided with copies of all documentation signed at closing. The three-day rescission period begins. It is during this time that the borrower can evoke his or her right to rescind your mortgage loan. If the borrower does not rescind, the current mortgage company is provided with the payoff amount, the new title is recorded and the borrower is provided with any funds that are to be received as a result of the refinance.
They maintain a full staff of highly qualified licensed individuals with years of experience in the mortgage lending industry. Their commitment to you is that when dealing with J. Powder Mortgage you will be treated with the highest standards of integrity.
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