Title:
Finding The Right
Mortgage Company
Word Count:
540
Summary:
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 ...
Keywords:
Article Body:
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.