With our refinancing program, you'll have a way to not only pay off your home but also consolidate your debts and have access to funds for additional endeavors. We understand your need to make sense of the complicated processes involved when you consider purchasing a home or changing your mortgage. A Long Island mortgage broker. You have the option of refinancing your mortgage, obtaining a reverse mortgage, or re-evaluating your mortgage loan options in favor of more benefits and saving money.
Each of these aspects of home lending brings forth its own unique set of characteristics and benefits, and you need to be aware of how our mortgage company can assist you in matters concerning your home. Refinancing is available for nearly every type of mortgage with very few exceptions, such as the stipulations for refinancing mobile homes, town homes, or condos; however, you will likely qualify to take advantage of these record-low interest rates and mortgage terms today.
You do not have to stay with your current lender, and you do not have to stay in your current high-rate or adjustable rate mortgage forever.
Each of these aspects of home lending brings forth its own unique set of characteristics and benefits, and you need to be aware of how our mortgage company can assist you in matters concerning your home. Refinancing is available for nearly every type of mortgage with very few exceptions, such as the stipulations for refinancing mobile homes, town homes, or condos; however, you will likely qualify to take advantage of these record-low interest rates and mortgage terms today.
You do not have to stay with your current lender, and you do not have to stay in your current high-rate or adjustable rate mortgage forever.
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When you make the decision to purchase or refinance your home, you have an array of loan options.
However, each type of loan involves differing criteria for eligibility and functions in a different manner.
While one of our mortgage brokers in Long Island can assist you in making a selection, you need to know some basic information about each type of loan.
Conventional loans are not insured by the Federal Housing Authority and can be fixed- or adjustable-rate mortgages.
Furthermore, conventional loans (which can be conforming or non-conforming depending upon the lender) require a large down payment and high credit score.
However, each type of loan involves differing criteria for eligibility and functions in a different manner.
While one of our mortgage brokers in Long Island can assist you in making a selection, you need to know some basic information about each type of loan.
Conventional loans are not insured by the Federal Housing Authority and can be fixed- or adjustable-rate mortgages.
Furthermore, conventional loans (which can be conforming or non-conforming depending upon the lender) require a large down payment and high credit score.
As the housing market continues to improve after the crash of 2008, more homeowners have made the decision to pursue home refinancing, as the benefits of refinancing have become more likely to outweigh those of staying in their current mortgage in Long Island.
Refinancing can be complicated, but it actually involves a few basic principles that work together to reduce your debt.
Refinancing refers to the act of taking out a loan to pay off your current outstanding debt against your home.
Lenders take into consideration market projections, appraisal values, outstanding debt, and your credit when refinancing your home.
Refinancing can be complicated, but it actually involves a few basic principles that work together to reduce your debt.
Refinancing refers to the act of taking out a loan to pay off your current outstanding debt against your home.
Lenders take into consideration market projections, appraisal values, outstanding debt, and your credit when refinancing your home.
If you are considering a reverse mortgage loan for your Long Island home, contact the experts at Lighthouse Mortgage Corporation to explain and guide you through the process.
Some customers may be interested in a reverse mortgage loan on Long Island but they need more information before they make a decision.
Make the smart choice and contact Lighthouse Mortgage Corporation before you decide on a reverse mortgage loan for your Long Island home.
Many consumers may not fully understand what a reverse mortgage loan is, who is eligible, and the advantages of a reverse mortgage loan for their Long Island home.
Some customers may be interested in a reverse mortgage loan on Long Island but they need more information before they make a decision.
Make the smart choice and contact Lighthouse Mortgage Corporation before you decide on a reverse mortgage loan for your Long Island home.
Many consumers may not fully understand what a reverse mortgage loan is, who is eligible, and the advantages of a reverse mortgage loan for their Long Island home.
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