Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Financial Services > Mortgage Brokers > Mr. Money

Mr. Money




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.
 
Mr. Money is affiliated to First Citizens Banc Corporation. They 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.
 
As the economy improves and rates increase, they will attempt to increase their fixed rate consumer loan portfolio. The ultimate goal would be to have a total loan portfolio that has more balance between variable rates and fixed rates as prime moves closer to its historic average of 8 percent. Increasing their business in fixed rate consumer loans will involve introduction of new products and additional mortgage alternatives. Their plan is to accomplish this while not being an active lender in either the direct or indirect new automotive market.
 
Their brokered mortgage portfolio has also been a factor in their loan loss experience. While new loans of this type have not been originated for some time, the management of the existing loans and efforts to minimize the losses sustained were a burden on their operations.
 
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.

Financial Services Companies all are here at FinancialBrowsers.com

Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.

Back to Mortgage Brokers

 
 
Infinit-i