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Home > Financial Services > Mortgage Brokers > Fountainhead Mortgage, Inc.
Fountainhead Mortgage, Inc.
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.
The Company also assists you through six basic steps in procuring a loan for buying a house or renovation of your home such as getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
They have thousands of options for great credit, not so great credit, bad credit, jumbo loans, home equity lines of credit, second mortgages. They are fast and they provide clarity to the process. The broker will be the customer's representative or agent, and will endeavor to act in the best interests of the customer.
The firm will establish a price for service upfront, in writing, based on information provided by the customer. The price may be a fixed dollar amount, a percent of the loan, an hourly charge for the broker's time, or a combination of these. The price or prices will cover all the services provided by the broker. This includes loan processing, for which customers always pay a broker or lender.
On third party services, such as an appraisal, ordered by the broker but paid for by the customer, the firm will provide the invoice from the third party service provider at the customer’s request. Alternatively, the firm may have the payment made directly by the customer to the third party service provider.
The firm believes a mortgage is a promise, one that can build a solid and trusting relationship for the term of your loan. They are dedicated to providing excellent service to their customers, striving to earn repeated business referrals from their many satisfied mortgage applicants. They believe a mortgage is the most rewarding investment made over a lifetime of important financial decisions.
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