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Home > Financial Services > Mortgage Brokers > Allentown Mortgage Corp.
Allentown Mortgage Corp.
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.
They offer custom solutions for every residential mortgage financing situation. Whatever your residential financing needs, they tailor a loan that's right for you including purchase, refinance, construction, home improvement, investment properties, debt consolidation loans, etc.
High Debt Ratio Loans is a borrower having the ratio of their monthly bills to their monthly income higher than 50% is considered a high debt ratio. Loan programs are available for these borrowers, allowing them to finance the purchase of a home or property.
Loans where your income is not requested or verified with as little as 10% down are stated income loans. There are several varieties of the "no-doc" loan today. Basically the type of loan that is best suited for a particular borrower depends on that borrower's situation. Some borrowers choose not to disclose employment, income or asset information, while others may be willing to disclose employment and asset information but not income.
Their mission is to set a high standard in the mortgage industry. They are committed to quality customer service that is putting the people they serve first. They always adhere to the highest degree of integrity in all of their business dealings.
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