A Mortgage Broker is a real estate agent who works on behalf of the loan applicant to find and approve mortgage loans. These brokers can save borrower
A Mortgage Broker is a real estate agent who works on behalf of the loan applicant to find and approve mortgage loans. These brokers can save borrowers money because they usually offer lower mortgage rates and no lender fees!
PIF Mortgages offers a variety of home loan options, including conventional, government-backed and jumbo loans. The company offers online mortgage calculators, an easy-to-use application process and flexible pricing.
Rates of Loan Broker vary based on many factors, such as the current state of the economy, Federal Reserve rates and the local housing market. They also factor in the cost of the home you’re buying and your personal finances.
ARMs (adjustable-rate mortgages) typically have a fixed interest rate for the first few years of the loan, then the rate can change periodically. They’re an excellent option for people who want to lower their monthly payment, but may not need a 30-year loan.
HELOCs (home equity lines of credit) allow you to use the available equity in your home for purchases, debt consolidation or other expenses. They’re a good option for borrowers who need access to cash, but don’t want to sell their home.
Qualification for a VA Home Loan
The Department of Veterans Affairs guarantees loans made by private lenders through normal channels to eligible military personnel, veterans and their spouses. Among the income sources that can be used to qualify for VA loans are retirement income, social security benefits, alimony and separate maintenance, child support, disability and BAH, and income from employers.