Get A Loan | Refinance Home Mortgage

Loan Information

Desired loan amount:

The purpose of this loan is:

If refinance, why:

Property Information

Property City Location:

Property State Location:

Need Local Home Insurance Agent:

If refinance, market value is:

E-mail address:

Phone Number:

Secondary Phone Number:

First Name:

ClearSend

KEY FACTORS ON QUALIFYING FOR A HOME LOAN.

The two key factors lenders use to determine whether to loan you money are your ability and your willingness to repay the loan. The ability is measured by your income and assets while your willingness is measured by your credit history

CLG MORTGAGE CONTRACTING SERVICES

CLG is a national property preservation company founded in 1985. Our services include property inspections, property preservation, REO property maintenance, valuation services and more.

The success of CLG is the result of our continuous focus on building long-term relationships with mortgage servicers based upon trust and integrity. We strive to hire the best people in our industry who share our values and are committed to providing exceptional service. We are fortunate to serve some of the industry's best and largest companies. We'll be happy to build a relationship with you and serve you as well.

MORTGAGE RATE BASICS

The mortgage lender that funds your loan is called the originator. A loan originator may be a bank, credit union, or other type of financial institution. On the date of funding, the money flows out of the originator's hands and into yours. You then turn that money over to the seller of the home.

Once the loan is funded, the originator has the option of keeping that loan in its portfolio or selling it on the secondary market. If the originator keeps the loan, it makes money by way of the interest you pay each month. If the loan is sold, the originator replenishes its funds and can make more loans to other homebuyers. Basically, the secondary market investors keep funds circulating so that loan originators don't run out of money for new mortgages.

Who are these mortgage interest rate folk?

Today's secondary market investors include government-chartered companies like Fannie Mae and Freddie Mac, plus insurance companies, pension funds, and securities dealers. Although Fannie Mae and Freddie Mac are different organizations, they participate in similar activities. Both can buy mortgages, and both can group mortgages together for resale in what's called mortgage-backed securities. These are highly liquid investments, meaning that they can be readily bought and sold.