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Home > Financial Services > Mortgage Brokers > Realty Mortgage Corporation
Realty Mortgage Corporation
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.
Realty Mortgage Corporation 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.
Loans where your income is not requested or verified with as little as 10 percent down are stated income loans. There are several varieties of the no doc loan today. The type of loan that is best suited for a particular borrower depends on that borrower's situation. Some borrowers choose not to disclose employment, income, or asset information, while others may be willing to disclose employment and asset information but not income.
Still others might be willing to disclose income but select a program that does not calculate debt to income ratios, allowing those borrowers to exceed the traditional guidelines in order to qualify for a larger mortgage amount. With all the different variations of the no doc loan, there is definitely a mortgage program for today's non conventional borrowers. These mortgages are for borrowers with less than perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, they have a mortgage that will get you back on track.
Realty Mortgage offers loan programs such as Fixed Rate Mortgages, Adjustable Rate Mortgages, Balloon Mortgages, First Time Buyer Programs, Stated Income Programs, No point, No fee Programs, Imperfect Credit Programs, Home Equity Line of Credit, Home Equity Fixed Loan etc. They will establish long term relationships with their clientele that will be the foundation of their continued success.
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