America's Best Mortgage LLC - Canfield, OH - Phone: (330) 533-1149
Barristers of Ohio LLC - Canfield, OH - Phone: (330) 702-8400
Countrywide Home Loans - Canfield, OH - Phone: (330) 533-8180
Sky Bank - Canfield, OH - Phone: (330) 747-6688
Society Mortgage Services - Canfield, OH - Phone: (330) 702-8414
Mortgages are loans which are given by lenders to pay for the purchase of real estate property, and have a specific time period and rate of interest for the payment. The borrowers, who are known as the 'mortgagors', give the lenders, also known as the 'mortgagees', a legal asset as a security against the loan. In Canfield, the borrowers may get mortgages either from financial establishments like banks directly, or from individuals who act as mediators between the bank and the borrower.
Mortgages in Canfield vary, depending on two main categories: the time period of the loan and the interest rate of the loan. Mortgages may be for 15 or 30 years, as per the time period in Canfield. Based on the interest rates, the mortgages are either fixed or variable.