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Yeager & Associates




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.
 
Today homebuyers are in a unique position to combine the benefits of a fixed rate mortgage with the savings opportunities of an adjustable rate mortgage.With a hybrid loan also called a fixed period you get the best of both worlds.
 
A hybrid loan gives you a fixed rate term, usually three, five, seven or ten years, with adjustable rates thereafter.These loans are typically expressed as a 3/1, 5/1, 7/1 or 10/1 ARM. The first number represents the number of years the rates are fixed. The second number indicates the adjustment interval how often the interest rate will change. For a 7/1 loan, the fixed period is seven years with annual interest rate adjustments thereafter.
 
The Company is quite as many loan programs as there are borrowers, but it seems like it sometimes. They will work with you to qualify you for the best loan program to fit your needs. But there are some general considerations you can have in mind in advance. 

The Company doesn’t think that saving for a down payment should be the reason you put your dreams on hold. They can help you buy your dream home with a zero down mortgage loan.You’ll not only be able to afford a home sooner, you’ll probably be able to afford more home.With a zero down mortgage, the amount of loan you can qualify for is determined by your ability to make your monthly payments rather than how large a down payment you’ve saved.And, for most buyers, this means qualifying for a larger loan.

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