Midland Mortgage Brokers
Midland mortgage brokers can help you get the mortgage you need for your property. Our goal is to provide you with the best mortgage for your needs, you can choose between fixed or variable interest rates. We have specially trained brokers who handle home equity loans and self employed loans. When you talk to mortgage brokers Midland they can give you the information you need to make the best decision regarding your mortgage.
Mortgage brokers in Midland know and understand the local real estate market and can assist you in getting an appraisal for your property. Midland mortgage brokers will also prepare most of the documents that are required for a mortgage and reduce your stress related to the mortgage process. If you need private funds we have a number of private mortgage lenders that provide loans. Private lenders criteria are different from the traditional banks and this flexibility allows you to qualify for many different types of loans.
Examples of loans
Debt consolidation – this type of loan can be very useful for people who have high interest credit card debt, auto and student loans. Some credit card companies charge an annual interest rate of around 29%. A debt consolidation loan will have an interest rate of around 10 to 15%. The usual minimum amount for this loan is around $20,000.00. A smaller loan amount is not justified since there will be fees associated with the mortgage.
Home renovation – you may need a loan to put a second floor on your home or an addition to the back of your home, in both cases you are increasing the value of your property. Most lenders look favorably on this type of mortgage since the increase in property value is usually greater than the amount of money being borrowed. For this mortgage most lenders pay out the funds upon stages of job completion. Mortgage brokers Midland have helped many people make their renovation dreams come true and we can also help you.