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Home > Financial Services > Mortgage Brokers > Glacier Mortgage
Glacier 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.
They know that each customer has specific needs, so here at companyname, they strive to meet those specific needs with quality service and individual attention. They pride themselves in giving you the mortgage information, loan options and convenient assistance you're looking for.They offer conforming, non-conforming and government loan programs.
The loan programs includes Conventional and Jumbo Loans which are secured by government sponsored entities. The Subprime Loans are for less than perfect credit. In FHA Loans the low and moderate income families are helped to become homeowners by lowering some of the costs of their mortgage loan. VA Loans are available to those who qualify by military service.
Interest only products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. The loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits which are listed later in this article. The GPM is an alternative to the conventional adjustable rate mortgage, and has a fixed note rate and payment schedule. The most common buy down is the 2-1 buy down. In the past, for a buyer to secure a 2-1 buy down they would pay 3 points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.
The Company strives to serve their diverse community of clients in a spirit of honesty, integrity and understanding.
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