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Home > Financial Services > Mortgage Brokers > Mortgage Magic, Inc.
Mortgage Magic, Inc.
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.
Mortgage Magic is a Mortgage Brokerage. It began operation on April 1st, 1990. Originally they were a one person operation, and on January 16th, 1991 they incorporated with a total capitalization of only 600 dollars. With an average over 14 years of experience in the industry, they believe that their loan officers are the very best.
Their mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. They understand you're making a commitment in buying a new home, refinancing and mortgage or cashing out your home equity. So they make a commitment to you. To refinance primarily to lower the rate and monthly payments, your best option might be a low fixed-rate loan. Maybe you have a fixed rate mortgage now with a higher rate, or maybe you have an adjustable rate mortgage ARM where the interest rate varies. Even if it's low now, unlike your ARM, when you qualify for a fixed-rate mortgage you lock that low rate in for the life of your loan.
This is especially a good idea if you don't think you will be moving within the next five years or so. On the other hand, if you do see yourself moving within the next few years, an ARM with a low initial rate might be the best way to lower your monthly payment. It considers refinancing with a shorter term loan, such as a 15 year mortgage.Your payments will be higher than with a longer term loan, but in exchange, you will pay substantially less interest and will build up equity more quickly.
The Company is exceptionally proficient at grabbing promising opportunities and continues to expand its horizons in finance setting standards of excellence in multiple fields and transforming promise and potential into economic realty.
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