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Home > Financial Services > Mortgage Brokers > Southwest Home Loans
Southwest Home Loans
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 them usually a percentage of the loan or property amount.
Southwest home loans they are the Mortgage Professionals Whether you have perfect or less than perfect credit, they can help you secure the loan necessary for your dream home. They are the Refinance and Credit Impaired loan specialists.Their are dedicated to listening to your needs, custom designing loans to meet your specific requirements and providing great service. Their offer 1st and 2nd mortgages construction one time close loans refinancing credit impaired loans debt consolidation first time buyer programs with up to 100 percent financing.
There are many loan programs to fit almost any need Adjustable Rate Mortgage Lowest start rate adjusts either every 6 months or every 12 months depending on program and grade and is based on the economy 6 percent ceiling for prime and 7 percent ceiling for sub prime. An ARM program that is fixed for the first 2 or 3 years, then shifts into a 6 month adjustable rate mortgage. It is a sub prime program giving you a rate lower than the sub prime 30 year fixed, and if you have had credit problems, it allows a window of time for credit rebuilding and seasoning. You will then want to refinance this loan.
Southwest Home Loans assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are 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.
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