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Home > Financial Services > Mortgage Brokers > Aurora Mortgage Corp.
Aurora 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.
Aurora Mortgage Co., is a subsidiary company of investment bank and brokerage Lehman Brothers, and through that company's Lehman Brothers Bancorp unit, originates and services primarily first- and second-lien residential mortgage loans. Aurora also helps borrowers refinance existing residential mortgages.
The loans funded by Aurora Mortgage Co. are refinance, debt consolidation loans, home equity lines of credit, home purchase loans, adjustable rate mortgages , balloon mortgages , first time buyer programs , stated income programs , interest only programs, no point, no fee programs, imperfect.
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.
The Company never puts you in loans that don't make sense. If refinancing a loan will cost you more than it will save you, or if it does not make financial sense, they won't do it. They are committed to putting you in the loan that fits your individual needs. Through the process they take you through your application, pull your credit bureau report at the same time, getting you pre-approved for your loan. Since they know your time is valuable, they will streamline the process; they will call and discuss your options with you and won't put you in a loan that will cost you more money in the long run, or does not make financial sense. They also deliver all loan disclosures to you within three business day.
They strive to serve their diverse community of clients in a spirit of honesty, integrity and understanding.
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