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Home > Financial Services > Mortgage Brokers > Katrina Madewell, Inc.
Katrina Madewell, Inc.
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.
Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process. Company also offers refinancing loans.Refinancing your mortgage can lower your monthly payment, or shorten the length of your loan.
The Company offers loans like confirming loans, jumbo loans, super jumbo loans, fixed rate loans for 30 yrs, 20yrs, 15 yrs, interest only loans, 5 yr and 7 yr balloon loan, first time home buyer loan, 2 step mortgages, 3-2-1 buy down loan, blended loans, B/C credit loans, assumable loan, second home loan, no income, no asset loan, constructional loan, relocation loan, convertible loan, bridge loan, float down loan, adjustable rate mortgages, no income verification loan, extended lock loan, no green card loan and many loan services to meet the need of customers.
Home Equity loans are very popular right now because of the low interest rates available. They can be used to pay off those high interest credit cards, remodel a kitchen, or anything you need extra cash for.
Home Equity is the net value of your home that you own outright. In other words, it is the fair market value of your home minus what you owe on your mortgage. For example, if your home is worth $200,000, and the balance remaining on your mortgage is $150,000, then your home equity is $50,000. You own $50,000 of your home free and clear.
As mortgage brokers, they work with many lenders. They will find the best match for you the consumer. The Company goal is to offer you prompt professional service,at the mostcompetitive ratesavailable. They will educate their clients, so they feel as though a comfortable informed decision was made.
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