Fixed Rate Mortgage Loan
This form of mortgage is very popular among lender and borrowers both because if you used more smartly according to the prevailing economic situation it could benefit either of the parties.
A fixed mortgage loan basically has a fixed interest rate throughout the entirety of the loan. They are usually offered as amortized loan with regularly scheduled payments; nonetheless non-amortizing loans are also capable of being offered as a fixed rate mortgage loan. What could be considered both a hazard and a blessing to this loan is the interest rate which is affected by the economic stability. When there is general rise in the interest rates around the market there would be a lesser danger for a borrower and a disadvantage for the bank which could’ve made huge profits in case of a fluctuating interest rate similarly when interest rates are failing in market the bank or the lender benefits from it as its profit margin will not be compromised in this scenario.
WHY THE VANGUARD MORTGAGE?
DIRECT LENDER
DIRECT UNDERWRITER
Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours
PROFESSIONALISM
WHOLESALE RATES
Correspondent lending gives us the ability to bring wholesale rates to the consumer
3 EASY STEPS
TO GET YOUR MORTGAGE
Prequalification
Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate
Application
Funding
CALCULATE YOUR MORTGAGE
SOME FEATURES YOU MIGHT LOVE:
Privacy
We do not share information with any third party companies or resellers.
Quick Turnaround
We built technology that helps expedite the review of your loan documentation. This leads to faster closings and a better overall experience for our clients.
Credit score under control
Application process does not affect your credit score.
Online
You can allpy online, upload required dociments, schedule a conversation with a mortgage loan originator here. Everything at one place.
Transparency
Our technology ensures that you are kept up-to-date on the status of your loan application at all times. You will have secure access to your loan documentation throughout the process.
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NMLS 1739929
© 2019 The Vanguard Mortgage LLC