A mortgage broker helps you obtain a home loan. A mortgage broker is licensed by the California Department of Real Estate as well as the Nationwide Mortgage Licensing System. Mortgage brokers make or arrange first mortgages and junior mortgages. A junior mortgage secures a loan which is secondary or junior to one or more other loans on the property. Some home loans arranged through brokers are very similar to a home loan you might obtain independently from a bank, savings and loan association (S&L), credit union, finance company, or other type of lender. However brokers may offer additional programs that the above do not offer as they work with a multitude of lenders.
Prior to using the services of a mortgage broker ensure that you check to make sure they are properly licensed by checking with the the California Department of Real Estate at www.dre.ca.gov or (916) 227-0931 and the Nationwide Mortgage Licensing System www.nmlsconsumeraccess.org
About Me
- Effective Mortgage Company
- Northridge, CA, United States
- We are a full service mortgage brokerage with experience in the areas of mortgage lending, real estate and business. Our company has established relationships with many mortgage investors and banks to provide the best programs for your individual circumstances. We specialize in Conventional, Goverment, Investment, and Reverse Mortgage. We are experts regarding any FHA or VA (veteran) questions you may have. Post any questions or feel free to call our office 818-773-0033. If our clients don't fit into one of the many loan programs offered we promise to help them overcome the roadblocks that can stop them from securing a loan. When purchasing we suggest always getting a pre-approval early on to have ease of mind knowing what amount you will qualify for and make the loan process as smooth as possible.
