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Home > Financial Services > Mortgage Brokers > Golden Pacific Mortgage Co.
Golden Pacific Mortgage Co.
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.
Usually construction loans require interest-only payments during construction and are due upon completion. Give them a call if you have any questions regarding to this program.Construction Loans are temporary and usually lasting six months to a year while the house is being built. Construction Loans are paid off by a long-term mortgage loan upon the completion of the home.
There are many reasons to refinance your home mortgage loan. Refinancing allows you to have lower monthly Mortgage Payments. This can be done by refinancing into a new, lower-rate home mortgage loan, a fixed ARM combination, or an adjustable rate mortgage. You can obtain fixed monthly payments by refinancing your loan into a new fixed rate loan. You have the option to consolidate debts from your home's equity by refinancing your mortgage loan. Loans and/or gifts from family, friends, and many other sources are usually a common way to put together your down payment sufficient for your home loan needs. The percentage of the loan and/or gift that you are able to use may vary from loan to loan. Speak with a home loan specialist today to discuss any loans or gifts you plan to use as a down payment. Often many companies offer a 401K plan that help make the home buying experience easier. Usually employees are permitted to withdraw from their 401K plans without a penalty to provide a down payment on a home loan.
The company’s mission is to have available for you the most affordable loan programs to aid you in reaching your objectives. Regardless of your circumstances, their representatives will assist you fully throughout the process. Whether it is a purchase loan, debt consolidation, or one of the many other loan programs they offer, their representatives will pledge their time in researching what is right for you.
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