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Home > Financial Services > Mortgage Brokers > Avid Mortgage
Avid Mortgage
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.
You can get pre-qualified with their free online application that takes only minutes to complete. You will receive a response almost immediately during business hours. Their loan officers provide a free, no obligation, and personal review of your current mortgage and provide options that best suit your needs. Cash out options are also available to plan a vacation. Once you qualify, they give you a pre-qualification letter which says that they are working with you to find the best loan to meet your needs and that they are confident you will qualify for a loan for a certain amount.
They offer mortgage products that can accommodate all sorts of buyer’s including full documentation loans with a steady and regular pay. These typically carry the lowest rates. Low documentation loans decrease salary and asset documentation is required. No-Doc loan amount is based on your credit score and appraised value of the property.
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 is dedicated to a goal which is to save you money, distress and time and they guarantee results. Whether you are a new residential home buyer, a seasoned commercial developer, or simply refinancing an existing mortgage, the Company offers the best package of service, rates, and closing finesse few in the industry can come close to.
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