Mortgage Brokerage

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Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Regions Financial Corporation - Regions Financial Corporation is a publicly held company based in Birmingham, Alabama. The company provides of retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services.

Reverse mortgage - A reverse mortgage (known as equity withdrawal in the United Kingdom) is a type of loan available to older people, used as a way of converting their home equity (the value of the home, minus the amount of mortgages) into cash payments while retaining ownership of the property. To qualify for a reverse mortgage in the United States, the borrower must be at least 62 and be able to pay off an existing mortgage with the proceeds from the reverse mortgage and if needed, additional personal funds.

Wraparound mortgage - A wraparound is a way of lowering the barriers of entry to a junior lien or subordinate mortgage; it also expedites process of purchasing a home. A junior lien or subordinate mortgage is a second mortgage that generally sits behind larger first mortgage.

Suggested Web Sites

Envision Mortgage Co. - A full service mortgage brokerage specializing in first and second mortgages, debt consolidation, refinance, and bankruptcies. Also operating as Envision Commercial Mortgage and Guaranty Mortgage Co.

Southern New England Mortgage Group - Full service mortgage brokerage firm specializing in non-conforming residential mortgages. Office located in Plainville.

Preferred Mortgage Partners Corp - Mortgage brokerage services in Florida. Agents covering Central, North, and South Florida.

Source: BazSites.net

Web Links

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Even More...

The Millionaire Mortgage Broker: How to Start, Operate, and Manage a Successful Mortgage Company : A broker with a quarter century in the business offers this comprehensive guide to starting a business in today's most lucrative and fastest-growing industry. It offers readers knowledge and expertise needed to begin their own brokerage company and consistently develop their full growth and profit potential.