Centaurus Financial - we invest in your success

Home > Financial Services > Mortgage Brokers > Cedar River Mortgage.

Cedar River 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.

Cedar River Mortgage is a Washington Limited Liability Company licensed to do business through the Washington State Department of Financial Institutions. As a Housing and Urban Development approved broker they are also regulated by the Department of Housing and Urban Development and other State and Federal regulatory agencies. Fixed rate mortgages are probably the most common type of mortgage. Fixed rate refers to the fact that the interest rate is agreed upon at initiation of the loan and never changes over the life of the loan. This also means that the principal and interest payment is fixed and will not change over the life of the loan.

Adjustable rate mortgages do just that: adjust their rate. Simply put, a loan that starts with an initial rate of 5 percent may be 7 percent the next year and 9 percent the 3rd year. Does my payment change? In most cases, yes. When interest rates change, payments are re-calculated on the remaining principal balance for the remaining term at the new interest rate. Above are some of the mortgage plans runes by Cedar River Mortgage.

The company and all their staff are very proud of their record of integrity and reputation within the mortgage industry. Unlike many institutions that provide residential lending services, making home loans is their only business. The foundation of their business lies in the quality of people who choose to work for Cedar River Mortgage.

Financial Services Companies all are here at FinancialBrowsers.com

Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.

Back to Mortgage Brokers

MISCELLANEOUS

SUBCATEGORIES

Copyright © 2013 financialbrowsers.com and Vertical Alliance Group, Inc. All rights reserved.
NOTICE: We collect personal information on this site.
To learn more about how we use your information, see our Privacy Policy