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Home > Financial Services > Mortgage Brokers > Prism Mortgage Inc.
Prism Mortgage Inc.
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.
They are a regional leader in no cost residential mortgages, helping clients finance and refinance their homes affordably and conveniently. The Prism Advantage Mortgage Program which are helpful for clients. They arrange a loan with earn a servicing release premium from the lender like any other mortgage company. They pay the closing costs you would invite out of this premium, or commission; the remaining balance is their source of revenue.
Prism Mortgage offers many Types of Loans. In that consist of 720 plus that having this score and above means you qualify for anything on the conforming market and all products and programs available. This score is achieved by having no delinquincies in your recent payment history and having the appropriate number of open credit accounts. This score also reflects one that pays their bills on time. In addition, the credit accounts they have open have low balances against their limits. The lowest rate on the market is generally what you would be able to acquire with this score. They provided other services like as Prism Realty. It has helped them to save hundreds of dollars each month by finding the lowest rates on the market. More importantly, they have not paid any closing costs since they first started the program.
Prism Mortgage not only introduced me to the advantages and flexibility of a mortgage with no closing costs, but did an outstanding job understanding my personal and financial objectives.
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