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Home > Financial Services > Mortgage Brokers > Central Mass. Mortgage.
Central Mass. 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.
Central Massachusetts Mortgage, Inc. is a family-owned and operated business opened in November 1994 by Founder Jack Boissoneau and daughter Kelly Loiselle. They have been originating and processing mortgage loans together for just over ten years. They pride their selves on the level of customer satisfaction and referral business they continually receive, and they are committed to earning the respect and confidence of every single client. They are dedicated to working with you through the complete loan process, from application to closing.
As your mortgage broker, they understand the needs and desires of the community in which they live. For us, nothing is more important than making sure you get the best loan in today’s fast changing market. They continually strive to offer the most competitive loan programs.
Central Massachusetts Mortgage, through their various lenders, can offer extended rate locks. Standard rate locks are for 45 days. These extensions can go as far as 270 days. This comes in handy for new construction where you're expecting a rate increase before closing and would like to protect your rate. There are adjustments to the rate depending on how far your lock will go. Usually, rate locks for 90 days or longer require an up-front fee which will be refunded at time of closing. This varies from lender to lender.
Automated underwriting is up and running and has been for quite some time. This computer underwriting gives us the ease of entering loan data and receiving results within minutes. It gives you, the customer, and the ease of having pre-approval while shopping for a property. This program is credit driven so credit must be discussed in detail at the time of the application as it gives us an idea of what may or may not be acceptable.
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