Darren Patterson and his team at The Mortgage Company of Southern Indiana would love to assist you with your next home-buying experience! The Mortgage Company of Southern Indiana has been helping people for over 13 years and delivers excellent customer service to help you every step of the way qualify for your next home mortgage. The Mortgage Company of Southern Indiana specializes in government lending allowing you to purchase a home with a reduced or no down payment.
Darren Patterson has access to VA loan programs as well to assist Veterans with the home buying. A reverse mortgage is a loan for homeowners over 62 years of age who have substantial equity in their homes. With this loan, they can borrow against their equity and get access to cash to pay for any cost-of-living expenses they may have. Rates typically start at less than 3.5% per year, and the.
One of the pluses of property ownership is the opportunity to build equity. If there's ever a time that you need a considerable amount of cash (such as for paying off debt or a home remodel), you'll have access to it by borrowing against your home equity.
Darren Patterson has access to VA loan programs as well to assist Veterans with the home buying. A reverse mortgage is a loan for homeowners over 62 years of age who have substantial equity in their homes. With this loan, they can borrow against their equity and get access to cash to pay for any cost-of-living expenses they may have. Rates typically start at less than 3.5% per year, and the.
One of the pluses of property ownership is the opportunity to build equity. If there's ever a time that you need a considerable amount of cash (such as for paying off debt or a home remodel), you'll have access to it by borrowing against your home equity.
Services
Our mission is to serve our customers with honesty, integrity and competence.
Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible.
Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible.
Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them.
Luckily we're here to help you choose the best type of home loan for your needs.
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-i.
Luckily we're here to help you choose the best type of home loan for your needs.
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-i.
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).
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.
Darren and his crew at The Mortgage Company helped myself and my wife tremendously.
When my wife and I sat down and decided we were interested in buying our first home, we first went to the bank and we were very disappointed.
It was a very impersonal and cold meeting with a person who was clearly not concerned about anything more than bank profits.
Then we were referred to Darren.
It was a complete 180-degree turn in our favor.
He took the time to explain our credit situation in a way we could understand and gave us a plan to put ourselves in a better standing with creditors.
When my wife and I sat down and decided we were interested in buying our first home, we first went to the bank and we were very disappointed.
It was a very impersonal and cold meeting with a person who was clearly not concerned about anything more than bank profits.
Then we were referred to Darren.
It was a complete 180-degree turn in our favor.
He took the time to explain our credit situation in a way we could understand and gave us a plan to put ourselves in a better standing with creditors.
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