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Home > Financial Services > Mortgage Brokers > Orion Bancorp
Orion Bancorp
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.
At Orion they believe in personal service combined with great technology means you get the product you are looking for. They use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems they have taken the mystery out of approving and closing a home mortgage.
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. An Interest Only loan can offer consumers greater purchasing power, increased cash flow.
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home to cash to finance living expenses, home improvements, in home health care, or other needs. With a reverse mortgage, the payment stream is reversed. That is, payments are made by the lender to the borrower, rather than monthly repayments by the borrower to the lender, as occurs with a regular home purchase mortgage.
They maintain strong and genuine belief in the customer for life principal of doing business is what fuels our company. They provide the highest level quality in customer service and products. Referrals from previous customers and local real estate professionals have always delivered the majority of the Orion Bancorp's production.
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