A Loan Agency, which is also commonly referred to as a Mortgage Company or a Lender, is an entity that provides a person with money for the purposes of purchasing real estate. The money thus acquired can be used to finance the purchase of land, buildings or residential or commercial properties, to pay off debts, make home improvements or even to pay for college expenses or a future’s education. These lenders operate through a network of relationships that are developed with other lenders. Lenders in turn are connected with funding agencies that make syndicated loans. These loans are facilitated by a Loan Agency that is usually not a bank but one that have a diversified portfolio of investors.Have a look at Sydney loan agency for more info on this.
It is important for a Lender to ensure that it can provide reliable and complete documentation as evidence of the bona fides of its borrowers. Therefore a loan agency is also referred to as a lender-financier relationship. It functions as a facilitator of syndicated loans because most Lenders require the borrower to submit a comprehensive financial report that comprises personal and business financial documents. The amount sanctioned depends on various factors such as a borrower income, credit scores, value of collateral and various other factors such as duration of repayment, frequency of repayments and down payment.
The Loan Agency is also referred to as a loan broker, because it acts as a third party between lenders and borrowers. It facilitates the loan transaction by collecting information from various lenders on behalf of the borrower. Most Lenders are willing to offer competitive rates, terms and conditions, which help the borrower to shop for the best deal. However, some lenders require upfront fees from the borrower before sanctioning a loan. Loan Agency Independent Loan Agents is qualified persons who are training to conduct an evaluation of the current needs of the borrowers and the financial institutions offering financing. These independent loan agents have adequate knowledge about the various types of loan options available and are able to advise on the most suitable option for an individual.
CONTACT INFO :
PLAN A Mortgage
3/55 Pyrmont Bridge Rd, Pyrmont , NSW 2009
Phone No. : 1300 619 752