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How can All Western Mortgage Help?

At All Western Mortgage, we offer mortgage loans to our clients at the best possible rates and take pride in providing you with excellent service. We are always there for you at every step of the process to assist you with all your mortgage needs. So, what are you waiting for? Call us now on 702-850-2790 or visit our website - http://www.awmlending.com/

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How can All Western Mortgage Help?

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  1. All Western Mortgage

  2. What is a Mortgage Loan?

  3. In Layman’s terms, mortgage loans are the loans secured by any kind of property or real estate. When a person needs to buy a home and takes a loan for the same, that loan is known as a mortgage. A mortgage lender is promised that the amount lent by him will be paid back by the buyer in a certain amount of time at a certain cost.

  4. Also, the lender gets a legal claim on the house if the borrower/buyer defaults on mortgage payments. In simple terms, the borrower gets the possession of the home, but the lender is the actual owner of the place till the debt is completely paid off.

  5. What is included in Mortgage payments? In most cases, mortgage is paid back in the form of monthly installments that comprise of interest and a portion of principal amount borrowed. The repayment of principal reduces the original balance of the loan, whereas the interest is the cost of borrowing the principal amount.

  6. The monthly mortgage installments further include taxes and insurance. Taxes are remitted to local governments and can vary on the basis of the location of the borrower. Also, they get reassessed annually.

  7. Insurance part of mortgage installments is further divided into two parts, namely – Property Mortgage Insurance (PMI) and Hazard Insurance. The former protects the lender in case the borrower defaults on payments and the latter protects both the borrower and the lender from property losses in the event of a natural disaster.

  8. How can All Western Mortgage Help? At All Western Mortgage, we offer mortgage loans to our clients at the best possible rates and take pride in providing you with excellent service. We are always there for you at every step of the process to assist you with all your mortgage needs. So, what are you waiting for? Call us now on 702-850-2790 or visit our website - http://www.awmlending.com/

  9. Contact Us –All Western Mortgage Address: 8345 W Sunset Rd, Suite 380 Las Vegas, NV 89113 Phone : 702-850-2790 Corporate: 702-369-0905 Fax: 702-906-0153 info@awmlending.com Website: http://www.awmlending.com/

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