What is a mortgage, and how can a broker help?

A mortgage is a loan secured by real estate. You repay the borrowed principal plus interest according to the loan terms. If you do not meet your obligations, the lender may have the right to foreclose. Your total housing payment may also include taxes, insurance and mortgage insurance.

Fundsitive LLC is a mortgage broker, not a lender. We help you understand financing options, organize your application and communicate with the lender selected for your transaction. That lender evaluates eligibility, performs underwriting and makes the final approval and funding decisions.