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U.S. Bank Mortgage – Retail and Wholesale

U.S. Bank is one of the ten largest banks in the United States in terms of assets and the number of branches. Headquartered in Minneapolis, The bank offers a wide variety of financial services in 25 Midwestern and Western states through more than 3,000 branches and over 5,000 ATMs. The home mortgage department of the …

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Types of Mortgage Lenders – A Brief Overview

A lender is a person or institution that lends money for purchase of a home or any other asset. Also known as a credit grantor, or simply a creditor, a lender makes loans either directly or through an individual or company that intermediates between the borrowers and the loan providers. When your loan provider disburses …

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Mortgage Application – The Documents you need to Submit

Gone are the days when you just need to fill out a mortgage application and your lender just need to pull your credit score to get the underwriting process completed. Now, the lenders prefer long-term stability to short-term gains. No lender is willing to take the risks, leading to a more stringent requirement of documents …

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PITI – The Components of a Mortgage Payment

Your mortgage closes successfully and you now live in a home that you can call your own. After the long, tedious buying process, you now enter mortgage servicing phase, taking aside a significant portion of your income every month to pay for your mortgage. What is PITI? But do you know what constitute your monthly …

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Basic Features and Components of ARMs

An adjustable-rate mortgage (ARM) has a variable interest rate that may change monthly payments many times during the life of the loan. Unlike discretionary ARMs, which allow rate changes at the lender’s discretion, the indexed ARMs are linked to an interest rate index, giving a lender very limited control on rate changes. All adjustable-rate mortgages …

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Central Mortgage Company – Payment, Customer Service

Central Mortgage Company is a wholly-owned subsidiary and a servicing arm of Arvest Bank, a leading bank and financial services provider in Arkansas, Oklahoma, Missouri and Kansas. You can contact the customer service department of Arvest Bank for new mortgages. Existing customers need to contact Central Mortgage Company’s customer service department for seeking account information …

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Bank of Oklahoma Mortgage – BOK Financial

BOK Financial Corporation consists of seven banking divisions, each serving a particular U.S. state. These include Bank of Arizona, Bank of Arkansas, Colorado State Bank and Trust, Bank of Kansas City, Bank of Albuquerque, Bank of Oklahoma, and Bank of Texas. Headquartered in Tulsa, BOK Financial Corporation is well recognized for its wide range of …

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