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Home > Financial Services > Mortgage Brokers > Hi Tech Mortgage
Hi-Tech Mortgage
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.
Hi-Tech Mortgage is committed to helping you find the right mortgage product for your needs. They understand that every borrower is different, and they offer a variety of products to meet your individual requirements. They make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
More aggressive programs for the credit challenged borrower. Sub Prime loans can also be used for a borrower with good credit who wants a more aggressive loan program. The interest rate for these loans is typically higher than a convention loan. Hi-Tech Mortgage offers both one and two time close construction loans. This is a mortgage where the interest rate adjusts at specific times. The adjustment amount is tied to an index. These loans are fixed for 3 or 5 years, respectively, and then adjust every year for the remainder of the term.
Home equity loans and home equity lines of credit HELOC are based on the equity in your house. They are typically in 2nd lien position when recorded. Home equity loans are for a certain dollar amount and the interest rate remains fixed throughout the term. A HELOC is a line of credit secured by the equity in your house. It is similar to a credit card in that you can pay it off.
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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