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Home > Financial Services > Mortgage Brokers > Novastar Mortgage Inc.
Novastar Mortgage 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.
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 firm is one of the nation’s leading lenders and investors in nonconforming residential mortgage loans. Founded in 1996, the firm efficiently brings together the capital markets and American families financing their homes. The firm originates loans nationwide through their affiliated mortgage brokers, which they refer to as branches, independent brokers and direct contacts with borrowers. They also provide servicing for loans they retain in their portfolio, originate conforming mortgage loans, and offer title and settlement services. They manage risk through carefully developed underwriting standards, mortgage insurance, pooling and sale of loans, and interest rate-hedging strategies.
They make the home loan process as quick and hassle free for you as possible. They have loan programs to accommodate just about anyone in any situation. They have taken steps to ensure you are informed of your options at every level of the process. In addition, they are available Adjustable Rate Mortgage, Annual Percentage Rate, Balloon Mortgage, Conforming Loan, etc.
They focus on single-family, nonconforming mortgage loans, involving borrowers whose loan size, credit details or other circumstances fall outside conventional agency mortgage loan guidelines. In a well-managed portfolio, these loans offer higher net interest margins than conventional agency loans.
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