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Home > Financial Services > Mortgage Brokers > Janan Mortgage Corporation
Janan Mortgage Corporation
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
Janan Mortgage Corporation is a full service mortgage brokers. Some of the products that they offer are 100 percent financing, Zero in loans, a variety of adjustable rate mortgages, interest only, fixed rate terms and first time home buyer programs. Getting a Mortgage is not just about rate and term. It is about looking at each person’s financial goals and coming up with a program that is unique to your needs.
An adjustable rate mortgage has an interest rate that changes based on marketrates and economic trends. Adjustable rate mortgage typically begin with an interest rate that is 2 to 3 percent below a comparable fixed rate mortgage, but they do not offer thestability or assurance of a known mortgage payment in the years to come.
The fixed rate mortgage offers an interest rate that is locked in when the mortgage is secured and will never change over the entire life of the loan. Traditionally, a fixed rate mortgage is one of the most popular types of mortgages because the interest rate and monthly mortgage payment remain the same and the borrower knows exactly what their monthly costs will be over the life of the loan.
Their goal is to provide you with great Customer Service. They are making the Mortgage Loan Process as simple and easy as possible. The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as 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.
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