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Finding The Right Mortgage Company
by James Calvin - |
There are several mortgage companies that offer a rich array of loan products of services. Below is short list of these mortgage companies.
Fannie Mae Mortgage Company
An industry giant, Fannie Mae Mortgage Company is one of .. |
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There are several mortgage companies that offer a rich array of loan products of services. Below is short list of these mortgage companies.
Fannie Mae Mortgage Company
An industry giant, Fannie Mae Mortgage Company is one of the leading companies that offer home loans. The products and services of this mortgage company make it possible for low-, moderate-, and middle-income families to buy homes of their own. Since 1968, Fannie Mae Mortgage Company has helped more than 63 million families achieve their homeownership goals.
Freddie Mac Mortgage Company
Another mortgage company that is comparable with Fannie Mae Mortgage Company is Freddie Mac Mortgage Company. This mortgage company is a stockholder-owned corporation chartered by the U.S. Congress to keep cash flowing to mortgage lenders and in the process support homeownership and rental housing. Freddie Mac Mortgage Company purchases residential mortgages for single or multiple families. Aside from that, this mortgage company also buys mortgage-related securities. These mortgages and securities are financed by Freddie Mac Mortgage Company through the issuance of mortgage pass via securities and debt instruments in the capital markets. By doing this, this mortgage company helps homeowners and renters get lower housing costs and better access to home financing.
CTX Mortgage Company
CTX Mortgage Company is a subsidiary of Centex Corporation, one of the Fortune 500 companies. This mortgage company offers several loan programs. One of the loan programs offered by this mortgage company is Conventional Financing. This loan program is not insured or guaranteed by any agency of the state of federal government. Another loan program offered by this mortgage company is FHA. This loan program requires lower down payment compared to conventional loans. This mortgage company offers Veterans Administration (VA) as part of their loan programs. VA loans allow more freedom compared to FHA loans and conventional loans. Through this mortgage company, veterans may obtain 100% loans up to $203,000 with no money down.
Other loan programs offered by this mortgage company include 5/1 Adjustable Rate Mortgages (ARMs), 7-year Balloons, and jumbo loans.
Members Mortgage Company
Based in Woburn, Massachusetts, this mortgage company specializes in providing assistance to credit unions throughout New England. Members Mortgage Company does this by providing a comprehensive, convenient, and cost effective mortgage and loan programs for their clients. Aside from offering services for credit unions, this mortgage company also offers its products to home owners. This mortgage company has lending programs for home purchase financing or refinancing mortgages.
Utter Mortgage Company
A mortgage company that specializes in long term-financing, Utter Mortgage Company caters to commercial real estate. This mortgage company provides direct correspondence for a number of west and mid-west insurance companies. With loan amounts beginning at $750,000, this mortgage company provides financing for properties, such as warehouses, shopping centers, office buildings, et cetera located in Nevada and Northern California. The loan terms involved in this mortgage company are usually 5, 7, or 10 year terms. Moreover, interest rates of this mortgage company are based on the Treasury rate index.
East/West Mortgage Company
This mortgage company offers very low rates on their mortgages. This mortgage company’s loan products include refinance mortgages, home equity loans, and debt consolidation. In addition, the East West Mortgage Company website offers free and convenient mortgage calculator that will help you estimate your monthly payments.
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