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Home > Financial Services > Mortgage Brokers > MoneyOne Mortgage Corp.
MoneyOne Mortgage Corp.
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.
The firm assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are; 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.
The firm was created in August 21, 1996. Their company started as Correspondent Lender for Florida Department of Banking. In May of 1998 they were approved as Title II Direct Lender of U.S. Department of Housing and Urban Development and they approved to finance properties countrywide. In November 8, 1999, they were licensed as a Mortgage Lender and Mortgage Broker in Massachusetts.
They are more than just a mortgage broker. As a Mortgage Banker their company can provide you with good interest rates, and be able to approve your file internally and close your loan with their own funds. The firm is more than just a mortgage broker. As a Mortgage Banker their company can provide you with good interest rates, and be able to approve your file internally and close your loan with their own funds. As a Mortgage Banker, they can approve your loan twice as fast as any broker, since they have to outsource this task while they provide it to you directly in house.
The firm helps their clients finance their dream of home ownership. They educate and guide the applicants, including the credit challenged, through the process of loan approval. They also strive to serve their diverse community of clients in a spirit of honesty, integrity and understanding.
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