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Home > Financial Services > Mortgage Brokers > Loan Source Funding L.L.C
Loan Source Funding L.L.C
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.
Loan Source Funding, L.L.C specializes in residential and commercial lending for professional real estate investors, new and experienced homeowners, and business owners. They offer First Time Home buyer Loan, Second Home Loan, Construction Loan.
First Time Home buyer Loan is considered a 1st time home buyer loan when it has one or more features that are available only to 1st time home buyers. For example, a lender may reduce its interest rate, reduce or eliminate its closing costs and, if an adjustable rate mortgage, reduce its margin. Such a loan may also have less stringent loan qualification guidelines.
Second Home Loan is used to purchase or refinance a property other than a borrower's principal residence. In most instances, such a property is a borrower's vacation home. Provided that the property is not strictly an investment property, the interest rate and costs charged on such loans will generally be the same as those available on loans used to purchase or refinance a borrower's principal residence.
They listen to you, their valued customers, and work with their nationwide network of residential and commercial lenders to find the right financing program that best meets your unique needs. Their experience, knowledge, attention to detail and commitment to customer service make your choice easy.
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