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Home > Financial Services > Mortgage Brokers > The Prime Financial Group
The Prime Financial Group
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.
They have access to all the top national lenders. As a result, they have access to literally hundreds of mortgage products. This allows us to provide a number of options for you to consider and really determine which will best serve your future goals and objectives. They use the most advanced technology available to close loans quickly and at a low cost. By combining the use of the internet along with advanced processing software and automated underwriting systems they have taken the mystery out of approving and closing a home loan.
The Company offers fixed rate mortgages for 30 & 15yrs. The advantages of it are monthly payments which are fixed over the life of the loan, interest rate does not change, it gets protected if rates go up and can refinance if rates go down.
The Company also offers adjustable rate mortgages of 10/1 ARM, 7/1 ARM, 3/1 ARM, 1 year ARM, 6 month ARM, 1 month ARM. Balloon mortgages are for 7 & 5 yrs. They are lower initial monthly payment, lower payment over a shorter period of time, Rates and payments may go down if rates improve, May qualify for higher loan amounts. It also offers different types of loan program to meet the needs of customers. They are first time buyer program, stated income programs, no points, no fee program, and imperfect credit program and many more.
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.
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