What is a mortgage? Heres what The New Merriam Webster Dictionary definition is: a transfer of rights to a piece of property used as security for the payment of a loan or debt that becomes void when the debt is paid. Thats as plain and simple as it gets, you pledge the property that youre buying to the lender until your home loan is paid off then the mortgage is released and you own the property free and clear. The term Mortgage Loan usually pertains to the loan used to purchase a home.

Why and when would you need a mortgage loan? If youre going to enter into a real estate purchase transaction (land, residence, or commercial) and you dont have the funds available then chances are youll need a mortgage loan. In times when mortgage rates are low and return on your investments are high; you might consider a mortgage loan to pull the equity from your home to invest. If youre paying a higher mortgage rate than whats available on the market you might consider using a new mortgage loan to pay off your old mortgage loan therefore lowering the amount of time to pay off your home or lower your monthly mortgage payment. Maybe you need to take cash out of your home for reasons that are nobody elses business a new mortgage loan would be a great tool for accomplishing this.

How do you obtain a mortgage loan? This used to be a relatively difficult process but with todays technology is has become a pretty simple process. First find a mortgage consultant or lender that youre comfortable with (you might need to talk to two or three); that particular individual should be able to step you through the process of obtaining a mortgage loan without to much difficulty. The most difficult part of this is finding the type of mortgage loan that makes sense to you as there are several types available, read the fine print and make sure the mortgage loan you pick is right for your wants and needs.

Marc Sisk

PROFESSIONAL EXPERIENCE:

I've been in the mortgage origination business since 1998 and have dedicated myself to learning and understanding all aspects of mortgage lending, from originating, processing, underwriting, and closing mortgage loans. Before entering the mortgage business I was in the automotive industry where my area of expertise was in the Finance and Insurance department. I arranged auto loans, life, accident and health insurance policies, and extended service contracts.

ACCOMPLISHMENTS:

From 1985 to 1988, the Pontiac Motor Division of General Motors recognized me as a Master Sales Manager. In 1991 I won the Service Contract Sales Volume Award for finishing in the top 50 of Finance and Insurance Managers for all of Buick Motor Division in the United States and Canada. In 1995 I finished in the top 20 of Finance Managers for Chrysler Service Contracts. I’m certified by the State of Indiana as a mortgage loan officer, and licensed by the state as a Real Estate Sales Person.

MISSION STATEMENT:

The reason for my success in sales is I listen to you, the customer, and your wants and needs I take personally. I do my best to deliver the services you pay for and expect.