Horizon Financial Center

We are a small local lender with out all of the overhead and inefficiencies associated with a larger mortgage company or big bank. We specialize in quality credit loans. Our loans have the lowest default rates in the industry and because of that we can offer the absolute lowest rates and fees in Southern Arizona.

We have shopped our competitors and found our rates to be 1/2% lower on average with lower closing costs saving our customers thousands of dollars short term and several thousands over the life of their loans.

Our Signature NO COST Mortgage- Some lenders use this term and other terms like no upfront costs, no out of pocket costs, all costs included in your loan interchangeable. Our Signature Product is the NO COST MORTGAGE and just like it sounds there a no costs to the Homeowner. No Underwriting fee, No Processing fee, no credit report fee, no appraisal, fee, no title fee or any of the other standard fee associated with a typical mortgage. 9 out of 10 of our clients choose this option.

Home Purchase Package- Purchase your next home with one of our approved Realtors and receive 1% of your purchase price rebated back at closing. That is a check for $4000 on a new purchase of $400,000.

Licenses / Credentials:

• Arizona Mortgage Broker License - MB #090516
• Arizona Loan Originator License - NMLS #176300

Proudly serving Greater Tucson, Catalina Foothills, Tanque Verde, Alvernon, Summit, Vail, Sahuarita, Green Valley, Valencia West, Marana, Oro Valley, Flowing Wells, Catalina, Drexel Heights, Tucson Estates and Picture Rock for over 12 years.

Tucson Mortgage Broker: Your Partner in Home Buying

Owning a home remains the cornerstone of the American dream. Financing for a home, however, is the harsh reality behind the dream. You probably need a mortgage, and a professional Tucson Mortgage Broker can find you the best mortgage for your specific requirements. A mortgage is simply the loan that you get from a lender to buy your house. The security for the loan is the house itself. You may look for a mortgage if you are buying a new home, upgrading to the next home, buying an investment property or looking to refinance.

It's the job of a Tucson Mortgage Broker to discuss with you the down payment, mortgage principal, interest rates, and mortgage repayment term, and make sure you understand and agree to all terms. The monthly payments vary based on the plan that you choose for your mortgage and the lender who gives you the loan. A mortgage is a commitment for the long term. If you default payments, you stand the risk of losing your home. Getting professional advice and assistance with your mortgage can prevent you from getting in over your head.

TucsonMortgage Broker: Understanding Your Mortgage

A mortgage is likely to be the largest debt you will ever undertake. The term of a mortgage is typically between 15 and 20 years, and you pay interest and other costs along with the cost of the home throughout these years. If the monthly payments are not made, the lender has the right to take your home back and sell it to recover the money. Before the lender gives you the amount, you have to make an initial payment called the down payment. The lender then gives you the rest of the money to buy the home. Interest is to be paid on this principal amount as monthly instalments. The rate and terms of the loan is based on the down payment figure which could vary from 5% to 20% of the cost of the home. A qualified Tucson Mortgage Broker will help you find the best mortgage plan by providing you with a number of borrowing options with different interest rates.

Interest rates change quickly and if your credit score is not perfect, you may not get the best rate. Lenders may also charge prepaid mortgage interest points which could help bring down the interest rates. A knowledgeable Tucson Mortgage Broker will help you understand these interest points and also other points that lenders usually charge. Before you get a mortgage, you must be able to meet certain guidelines. Factors such as credit history and habits, level and stability of income, and any assets or liabilities in your name are all considered when you apply for a mortgage. Proof of income and assets are to be produced before the loan is sanctioned. If all the right information is provided at the right time, the loan may be processed within 45 to 60 days.

How Does a TucsonMortgage Broker Help?

A Tucson Mortgage Broker is the liaison between you and the lender. Since brokers deal with a large number of prospective home buyers and lenders they are better placed to understand the ins and outs on either side. Brokers obviously have more bargaining power with the lenders because they deal on a wholesale basis and when they approach a lender, they do so with numerous clients under their arm. This will help them get the best deal from the lenders which ultimately help the individual home buyer. Brokers work with hundreds of lenders and therefore will be able to check loan options that are available with a number of lenders before selecting the best plan that suits the requirements of a particular client.

One of the most common mistakes that first time house buyers make is to try and skimp on costs by doing away with a broker’s service and approaching banks for a home loan all by themselves. Remember that banks have only one rate and that’s it. You, as an individual home buyer, not only do not have much bargaining power and will have to settle for the rate that the bank offers, but you also need to wade through all the paperwork yourself.

Hiring a Tucson Mortgage Broker allows them to consider mortgage options with lenders you might not even be aware of - and while trying every bank in town will get your credit report checked each time, a broker onl Besides, direct lenders know only about their own products whereas a Tucson Mortgage Broker who works with different lenders provides a wide array of loan programs. Brokers are licensed and supported by a broad network of lenders, enabling them to gather information and quotes that might take months if done on your own. They are also often aware of loan options that are not advertised to the general public.

TucsonMortgage Broker: Flexible Options

A professional Tucson Mortgage Broker also offers a great deal of flexibility, especially when it comes to finding loans for those home buyers with a less then perfect credit score. They work with lenders that specialize in non-prime markets who have programs designed for such borrowers. Non-prime markets may also offer customized, non-traditional schemes. Direct lenders and banks often have strict limits on the amount of loan they can disburse, loan-to-value comparisons, credit scores and debt-to-income ratios. This may leave their hands tied when considering an application with just one of these factors out of their guidelines. A Tucson Mortgage Broker look for adaptable programs to provide financing when other direct lenders may only turn down your application.

It is not prohibitively expensive to go through a Tucson Mortgage Broker. Direct lenders' fees are in the same range as those charged by a broker. Furthermore, the commission paid by the lender also helps the broker reduce their price. They provide a more personal level of service and keep the borrower informed of all issues related to the loan at all times. They explain what loans are available in the market and advise you of the pros and cons of each. When you've made your decision, your broker will help you to complete the necessary paperwork and make sure you have your documents in order. The progress of the loan is also monitored by the broker and everything from application to funding of the loan is kept on track.

Get in touch with your Tucson Mortgage Broker to make the purchase of your first home a painless experience.

Horizon Financial Center  -  9121 East Tanque Verde, #105-232  -  Tucson , AZ 85749  -  520-505-5184
Copyright 2011