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Home > Financial Services > Mortgage Brokers > South Broward Mortgage
South Broward Mortgage
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.
South Broward Mortgage was formed with the purpose of integrating the efforts of all parts to maximize the full potential of each and reach the highest level of productivity for the investment. The Company supports and have opened new and better opportunities to serve those clients that might not be able to purchase their homes, with programs such as Down Payment Assistance and First Time Homeowner Programs.
First time homebuyers often experience the most difficulty amounting a significant down payment and everyone should have the opportunity to buy a home. For this reason the Federal government has developed two loan programs to assist homebuyers that have a little or no down payment. These programs are called the Federal Housing Administration FHA and the Veteran's Administration VA. These programs are not solely intended for first time home buyers; your home loan advisor will be able to determine if you qualify and if so which program is acceptable for your needs.
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.
Their mission is to be the trendsetter of the New Millennium in providing Home Purchase, Equity, Refinance and commercial Mortgages to the South Florida Area. The South Florida market for their mortgage company is directly linked to the real estate market. South Florida has experienced spectacular growth and sales from both commercial and residential real estate over the last two decades.
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