Why should I finance with Century Mortgage Lending (a broker/lender) instead of a Bank?
In essence, by getting your mortgage through Century Mortgage Lending you are indirectly still getting your mortgage from a bank. The difference is, we represent many banks, and can therefore search all of our banks to assure that you are getting the best rate and program to fit your individual needs. • How can you do a no cost loan? What’s the catch? No catch. It’s a combination of a number of things we do: • We are paid a premium from our lender, we then pay your costs and whatever is left is our profit. • We do very little advertising, which keeps costs down. Most of our business is by referral • We do a large volume of business keeping our overhead low per loan. d.) We’re able to negotiate good rates with the best lenders because of the quantity and quality of our loans. • What are: • Closing Costs? These are costs associated with processing and closing your loan; such as the appraisal, underwriting, processing, title insurance, recording fees, or points. • Prepaids? These are not
