A family owned and operated mortgage business, established in 1989 and serving all of New York, New Jersey, Florida, Montana, Pennsylvania, Connecticut, Washington, Alaska, California, Texas, Maine and Colorado. FHA & VA approved. A leader in reverse mortgage financing. And members of the National Reverse Mortgage Lenders Association. All Island Mortgage & Funding Corporation has established a reputation in the mortgage industry that has placed us with many banking institutions as their "best broker" to deal with.
We look at every client individually regardless of the loan size or their credit situation. A personal loan specialist is assigned to you for the entire loan process.
We look at every client individually regardless of the loan size or their credit situation. A personal loan specialist is assigned to you for the entire loan process.
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The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions.
Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions.
Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
The first step in obtaining a loan is to determine how much money you can borrow.
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.
We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
Thank you so much for your kindly consideration on my behalf.
I truly appreciated all that you have done in making this mortgage work.
What a blessing you are.
The world would be more special if more people were like you.
I pray for an unlimited return on your generosity in my time of need.
May God continue to bless you in spirit, souls, and body and you continue to serve them with joy.
Stay blessed and healthy, and enjoy a long and prosperous life in Christ Jesus.
It was a honor and a blessing to have you as a brother in Christ.
I truly appreciated all that you have done in making this mortgage work.
What a blessing you are.
The world would be more special if more people were like you.
I pray for an unlimited return on your generosity in my time of need.
May God continue to bless you in spirit, souls, and body and you continue to serve them with joy.
Stay blessed and healthy, and enjoy a long and prosperous life in Christ Jesus.
It was a honor and a blessing to have you as a brother in Christ.
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