There are many types of mortgages out there with varying terms and qualities.
There are so many different types of mortgages with varying terms, rates, and other features that it is natural to be confused about this type of loan. We realize that when you need a mortgage, there is much more to the process than simply filling out an application and waiting for approval.
At the BRM Lending Team, we are your source of information for all things mortgages in the Georgian Triangle, and as your broker, we will help you secure the loan that best complements your financial goals. We deal with the four different categories of mortgages: refinancing, first mortgages, second mortgages, and home equity lines of credit. Here are more details about each:
- First mortgages—Used to secure a new property, first mortgages can be used to purchase an investment property, commercial building, vacation home, or personal residence. It is important to get the best rate on your loan, and this is where our professionals can help the most.
- Second mortgage—These loans are designed to convert the equity you currently have in a property into a cash payment you can use for other options.
- Refinancing—Whether you need to renew your mortgage or you would like to refinance to secure better terms, we can handle the negotiations on your behalf, so you gain the most long-term benefit.
- Home equity line of credit—In many cases, a home equity line of credit makes more sense than a second mortgage. These loans allow you to withdraw funding as needed and pay it back based on the specific terms of the loan.
We are always happy answer your questions about mortgages, so if you would like more information, contact us today!