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Home > Financial Services > Mortgage Brokers > Old Crest Mortgage
Old Crest Mortgage
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.
Their firm has been satisfying homeowners and home purchasers for years.They are looking forward to servicing your needs and adding you to their elite group of satisfied clients. Their professional staff of mortgage financial consultants is available to help you determine the best mortgage solution for your current financial situation.
They offer many programs to the investment buyer that wants to put the least amount down. Typically these programs differ from a conforming loan in that a slightly higher interest rate is charged. A down payment of 30 percent is needed to qualify for conforming rates.
They offer several no down payment programs such as the Rural Housing Service Loan that increases the number of loans in rural communities. They also have a 100 percent program for borrowers that have good credit and employment histories, but have no money down for their down payment.
Refinancing, Rate/Term or Cash-out many programs are available to reduce your present mortgage interest rate with little or no out of pocket cash. They will use up to 100 percent of the appraised value of your property for some programs. You can use the equity in your home for home improvements, college tuition, and debt consolidation, the purchase of a boat or car or for emergency cash savings.
The Company offers purchase, cash out and debt consolidation programs to borrowers that have slow credit, high ratio borrowers, or properties that do not conform to Fannie Mae guidelines. Typically these loans carry a higher interest rate and more money down.
They are committed to putting you in the loan that fits your individual needs. Through the process they take you through your application, pull your credit bureau report at the same time, getting you pre-approved for your loan.
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