Category Archives: Mortgages

Comstock Mortgage Launches New Refinancing Resource for California homeowners Considering the Home Affordable Refinance Program

Posted by on April 16, 2012 1 comment

Comstock Mortgage Launches New Refinancing Resource for California homeowners Considering the Home Affordable Refinance Program












Comstock Mortgage- California “Best of the Best”


Roseville, CA (PRWEB) April 14, 2012

Comstock Mortgage launches new website for California homeowners to get quick and experienced guidance in applying and qualifying for home refinancing.

Since the HARP mortgage program was first introduced in 2009, up until very recently, if you had asked a mortgage professional about the Home Affordable Refinance Program (HARP) they most likely would have said it was a good idea but it was too hard to qualify for.

The maximum Loan to Value (LTV) ratio was not set high enough in the initial guidelines to allow many underwater homeowners to refinance to a better loan product.

Now with the recent release of HARP 2.0, LTV ratios on existing loans are much higher, or in some cases completely removed, permitting the homeowner to at last lower their monthly mortgage payments by refinancing into a loan based on today’s historically low interest rates.

Comstock Mortgage, a Mortgage Banker and Lender in California has established a new web portal for HARP 2.0 Applicants to quickly find out if they are suitable for the program.

The Harp 2.0 program now has the potential to help a greater number of underwater borrowers refinance their upside down mortgages than it did before.

“We started to see an influx of inquiries from HARP applicants around the end of 2011,” said Russ Moen, of Comstock Mortgage. “It was obvious from the volume of emails and questions our agents were receiving about the new HARP 2.0 program guidelines that we needed to deploy a resource site for California residents to quickly discern if they were a candidate for the program.”

HARPapplication.com outlines the latest guidelines, provides the Fannie Mae and Freddie Mac loan look up tools and offers a simple secure Form for HARP Applicants to complete and receive experienced guidance in the best way to move forward.

“We’re now able to help our clients refinance out of these higher rate loans, in some cases, saving them hundreds of dollars a month. That can really be a life changing factor for many,” said Jeff Compton, Vice President of Comstock Mortgage.

In addition to the reduced interest rates and lower payments available through the new HARP program, homeowners are also given the opportunity to reduce their amortization period, e.g. if the homeowner is capable of continued payments similar to their existing mortgage loan payment, they could possibly refinance through the HARP 2.0 program with a shorter loan term.

Homeowners who currently have more risky loan products such as an interest- only mortgage or a short-term ARM will also benefit by refinancing into a fixed-rate mortgage through the new HARP program.

Homeowners eligible for HARP 2.0 must be current on their existing mortgage, not have any late payments in the last six months and no more than one late payment in the last twelve months. They also will need to show that they are able to afford their new refinanced loan payment.

Their current mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae on or before May 31, 2009 and may not have been refinanced through HARP previously. In addition, their new mortgage must fall under current Fannie Mae and Freddie Mac Conforming Loan Limits which vary by area.

Comstock Mortgage has been providing home loan programs to California Residents for over twenty years, they have 8 office locations and a large team of experienced loan consultants so even if a HARP mortgage is not for you they may still be able to help with product alternatives.

Individual investor overlays and criteria may apply.

Homeowners that believe they may qualify under the new HARP 2.0 guidelines are encouraged to visit their HARP Application website at http://www.harpapplication.com or call them toll free on 877-470-HARP (4277).

Comstock Mortgage is a California Department of Real Estate (DRE) licensed broker with more than 20 years experience in all areas of home loan financing as both a Mortgage Banker and Mortgage Broker. California DRE #01390474 DOC #6073484 NMLS #165193

Toll Free: 877 470 4277

Source: SuperGlobe.com





















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Mortgage Services Company Celebrates Twentieth Anniversary

Posted by on July 31, 2011 1 comment

Mortgage Services Company Celebrates Twentieth Anniversary










(PRWEB) June 1, 2005

Bastrop Mortgage, a leading company providing mortgage services and consulting, is celebrating the twentieth anniversary of being a leader in the mortgage services industry. Their longstanding reputation for providing high quality customer service, experienced loan officers, and competitive interest rates has given them an edge in the mortgage services marketplace.

Bastrop Mortgage attributes their success from the past twenty years to their knowledge of mortgage services and their ability to find the precise mortgage that is a fit for the borrower. Because their loan officers are so experienced and are able to provide a high-quality personal level of service, Bastrop has been able to secure their reputation in the highly competitive mortgage services arena. Their step-by-step mortgage process enables the borrower to feel comfortable when making their financial decisions.

“We are thrilled with the level of success we have had in twenty years in the mortgage services industry,” said Rick St. Cin, Mortgage Specialist of Bastrop Mortgage. “I believe our commitment to quality really makes us stand out.”

Mortgage services offered by Bastrop Mortgage include free consultation, market research, loan origination and processing, FHA and VA mortgages, and conventional first and second mortgages. They also provide programs in former bankruptcy, slow credit, and self-employment.

Visit http://www.BastropMortgage.com to:

Find more information on Bastrop’s mortgage services

Get a same day pre-qualification

Sign up for a free consultation

About Bastrop Mortgage

Bastrop Mortgage, a company providing mortgage services and consulting, is committed to providing a personal level of customer service and information to its borrowers. They provide a full range of mortgage services including same day pre-qualifications, free consultations, market research, and a variety of mortgage programs. Bastrop Mortgage has been in business for twenty years and they are located out of Bastrop, Texas.

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MortgageSaver Saves “Your Dream Mortgage” Attendees Tens of Thousands of Dollars on their Mortgage

Posted by on July 31, 2011 1 comment

MortgageSaver Saves “Your Dream Mortgage” Attendees Tens of Thousands of Dollars on their Mortgage










(PRWEB) May 7, 2005

Mortgage Saver joins MortgageWing.com to bring substantial savings to the attendees of “Your Dream Mortgage” 2005 at the Pomona Fairplex on Saturday, May 21st. With Mortgage Saver’s Bi-Weekly Payment Plan, the borrower will accelerate the payoff of their home loan reducing the number of years to pay off the loan, lower the effective interest rate will save thousands of dollars in interest. At “Your Dream Mortgage” borrowers will be able to include the enrollment fee of $ 395 in their closing cost making it easier to add this option to their new loan.

The Mortgage Saver plan is open to anyone with a mortgage, including investors. Plus, you don’t have to wait until you have a new mortgage to use this plan. You can begin the plan at any time. Warren Croyle, vice-president of sales states, “Mortgage Saver offers a “one-time only” enrollment fee. This means that if the borrower refinances, moves or if the loan is sold, Mortgage Saver will simply take them off the system and put them back on with the new loan information.”

Through Mortgage Saver, the borrower’s payments are made electronically, so that the borrower will not have to write a check or remember their payment. Every other Friday, Mortgage Saver will automatically debit one-half of the mortgage payment from the account the borrower designates. By paying half of a mortgage payment every two weeks, instead of once a month, a borrower will make one extra payment over the course of a year. Additionally, this program allows a borrower will make an additional half payment every six months to significantly shorten the life of the loan. “Mortgage Saver saves time and money, we like the hassle free payments and the friendly customer service.” says customer Ji Hong of Alhambra, CA.

About Mortgage Saver

Mortgage Saver is a division of AutoLink Payment Services. They began providing Bi-Weekly payment processing in 1996. As a leader in payment processing and Bi-Weekly Payment Services their goal is to help consumers save thousands of dollars in interest on their mortgage. Most consumers pay their lenders 3 to 4 times the amount borrowed. As a third party administrator, acting in a fiduciary capacity, they collect and remit funds.

About MortgageWing.com

MortgageWing.com is focused on cutting through the red-tape of the mortgage process. MortgageWing.com also educates borrowers on the mortgage loan process through seminars. The Company’s name comes from the MortgageWing.com’s desire to keep borrowers under their protection and in their care. MortgageWing.com’s mission is to educate all borrowers, have friendly service and aid the processing of their loan. MortgageWing.com is based in Rancho Cucamonga, California.

MortgageWing.com is a marketing and promotions company. MortgageWing.com is not a lender. MortgageWing.com does not make loans or credit decisions in connection with loans, nor does MortgageWing.com issue commitments or lock-in agreements.

To find out more about the event, logon to http://www.mortgagewing.com.

To pre-register now, go to: http://www.mortgagewing.com/padmission.html.

For questions, concerns or comments about “Your Dream Mortgage” please contact MortgageWing.com by email info@mortgagewing.com, by telephone 909-563-8315, or by facsimile 909-822-4480.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







First Home Mortgage Corporation Originates HarmonyLoans

Posted by on July 31, 2011 1 comment

First Home Mortgage Corporation Originates HarmonyLoans











Tysons Corner, VA (PRWEB) July 26, 2011

Mortgage Harmony Corp., a provider of innovative residential mortgage products, today announced that First Home Mortgage Corporation is the first correspondent lender to originate and deliver the HarmonyLoan, a consumer-initiated interest rate-resetting mortgage product. HarmonyLoan aligns the interests of consumers and mortgage originators in a way that is unprecedented in the industry. First Home Mortgage Corporation is a mortgage lender headquartered in Baltimore, Maryland, serving the borrowing needs of customers located in states along the east coast.

The HarmonyLoan, designed by Mortgage Harmony Corp., allows borrowers to quickly and easily adjust their interest rates as the market changes, taking advantage of lower interest rates without the expense and hassle of a traditional refinance or new mortgage. They can lower their rate as often as every 120 days with a click of a button, assuming their payment history is solid.

“It is very exciting to offer the consumer centric HarmonyLoan to my customers.” said Darran Anthony, First Home Mortgage Area Manager “They quickly recognize the benefits the HarmonyLoan offers – the ability to reset their interest rate at no cost and no hassle. This product is an excellent referral tool and Mortgage Harmony’s customer facing HarmonyLoan Central™ website puts me and my Realtors in front of the customer for the life of the loan. This is truly unique in the mortgage industry.”

Mortgage Harmony’s mission is to create innovative mortgage products that bring greater continuity to all parties in the process and minimize the lender’s timeline between product development and launch to homebuyers. The HarmonyLoan removes the costly inefficiencies of the mortgage process and affords greater economic security. Homebuyers can quickly and easily reset their HarmonyLoan by accessing HarmonyLoan Central, a state-of-the-art, 24/7 web-based interface and using the One-Click Rate ChangeTM. Upon resetting, they have the advantage of an at-market interest rate. The engineering of the private label website is designed to provide constant contact between the borrower, real estate agent and loan officer. The mortgage professionals can now stay in front of the customer for the life of the loan.

“The HarmonyLoan Central website will revolutionize the way consumers manage their mortgage and the way loan officers interact with the customer,” said Jay Patel, Sales Director of Mortgage Harmony Corp. “This month the first HarmonyLoan was reset by a borrower while on vacation in London, England with just one click of a button. This is the way of the future.”

“Today’s mortgage lending environment is highly competitive.” said Steven Lagana, President of First Home Mortgage Corporation. “We are constantly looking for opportunities to better serve the customer. The HarmonyLoan and the infrastructure that is built around the product will assist us with our customer service goal, while providing our sales professionals a product offering which will dramatically increase our exposure in the marketplace.”

About Mortgage Harmony Corp.

Mortgage Harmony Corp. designs, develops and distributes innovative residential mortgage products for mid-size and large banks, credit unions and mortgage companies. Its mission is to create products and services that properly align the economic incentives of all participants of a mortgage transaction and bring long-term stability to the housing finance industry. For more information on Mortgage Harmony and the HarmonyLoan, please visit http://www.mortgageharmony.com.

About First Home Mortgage Corporation

First Home Mortgage Corporation is a licensed full service mortgage lender, providing processing, underwriting and closing for mortgage on properties in Maryland, Delaware, Virginia, Washington DC, Pennsylvania, Rhode Island, West Virginia, Florida, Georgia, North Carolina, Connecticut, South Carolina, New Jersey, Maine, New Hampshire, Vermont, Tennessee and Massachusetts. For more information, please visit http://www.gofirsthome.com.

CONTACT:

Debra Kaufmann

The Collingwood Group

202.626.9724

dkaufmann(at)collingwoodllc(dot)com

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







MortgageRefinance.com Unveils Its New Mortgage Rates Widget

Posted by on July 31, 2011 1 comment

MortgageRefinance.com Unveils Its New Mortgage Rates Widget











Los Angeles, CA (PRWEB) July 21, 2011

One of the most striking and unique features of Mortgage Rates Widget is that it offers easy and quick solutions to the current interest rates in the market involving Mortgage, Home Equity, Auto, Certificate Deposit (CD) rates and Credit Card rates. MortgageRefinance.com has virtually empowered every borrower to customize the look and feel of the widget. There are two options: basic and advanced.

Mortgage Rates Widget Basic Options

In this option, the user can tailor the look and feel of the widget according to the available choices. The most interesting feature of this option is the ability given to the user to create a unique widget title by keying in the title of his choice. The shape of the widget is another interesting feature that is available to every user. There are two choices: round and square. The size of the widget is just perfect to be fitted to any Web site. There are three choices: 300px, 336px and 350px. Like any widget, color is an important and integral part. In this option, there are four lovely colors in generating a Mortgage Rates Widget: black, red, green and blue. After all choices have been picked, the JavaScript code is automatically available.

Mortgage Rates Widget Advanced Options

This option is designed for advanced users. Though it appears to be complicated at first glance, the advanced option is actually easy to generate. There are basically five important elements in the advanced widget: Mortgage, Home Equity, Auto, CDs, and Credit Cards. In fact, there is also an important option to include current rates of the user’s area or location. JavaScript code is also automatically available.

Other Significant Features

MortgageRefinance.com offers plenty of information to borrowers. They can research and compare mortgage rates, estimate and calculate mortgage payments and avail of the free mortgage consultation within MortgageRefinance.com. The following are five of the most important and relevant features of MortgageRefinance.com:


    Compare Mortgage Rates. This unique feature allows borrowers to compare mortgage rates. There are basically just three information needed to compare mortgage rates: type of loan, home description, and the borrower’s credit profile. Almost instantly, MortgageRefinance.com will calculate the rates.
    Mortgage Calculators. MortgageRefinance.com provides borrowers with all forms of calculators imaginable. In fact, the choices are endless. Aside from the mortgage calculators by state (i.e., from Alabama to Wyoming), there are also calculators like Refinance Payment Calculator, Refinance Principal Calculator, etc.
    Mortgage Brokers and Lenders Directory. Aside from readily available, mortgage rates and mortgage calculators, MortgageRefinance.com also offers an extensive resource about mortgage brokers and lenders directory. In this feature, a borrower can search for mortgage broker anywhere in the United States.

At MortgageRefinance.com, all types of credit cards from the major credit card issuers (VISA, MasterCard, Discover and American Express) are also available to all borrowers. What is particularly good about MortgageRefinance.com is that a borrower can search the kind of credit card that suits his needs.

About Mortgage Refinance

As a premier online destination for consumers to compare mortgage quotes, MortgageRefinance.com is an authority when it comes to providing mortgage rates, debt services and credit cards. Borrowers can easily compare services, calculate and estimate mortgage payments, search for mortgage rates and get free consultations.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners

Posted by on March 9, 2011 1 comment

Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners










(PRWEB) May 5, 2005

Original Mortgage Source, LLC, an Ohio-based company that specializes in home mortgage and life insurance options, has included information and application forms on their website for the most popular types of mortgage loans they offer to homeowners.

Original Mortgage Source, LLC provides two distinct types of mortgage loan solutions. The first, a 4.875% Equity Builder mortgage loan, is an interest-only program that helps homeowners free up money to pay other bills without refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder mortgage loan is affected by multiple economic factors, making it much more stable and keeping the interest rate lower. The interest rate is also not compounded annually.

The second mortgage loan, Mortgage Life Protection, is actually an inexpensive life insurance policy that provides total coverage to pay off the full amount of the mortgage should the homeowner die. This coverage can be added to an existing mortgage without refinancing.

In addition to the Equity Builder and Mortgage Life Protection mortgage loans, Original Mortgage Source, LLC has several additional mortgage loan programs, including:

• 100% Financing, for borrowers with good credit and employment histories but no down payment

• 3% Down FNMA, designed to assist moderate income first time home buyers.

• Home Equity Lines of Credit (HELOC), for borrowers who wish to keep their first mortgage in place and use their equity for debt

• Mortgage Only Programs, enabling homeowners to qualify for a new mortgage based only on their mortgage payment

• No Income Verification Loans for Self Employed or W2 employees

“Our policy is to provide pre-qualifications free of charge to all people serious about purchasing or refinancing their homes, investment properties, or commercial properties,” said Timothy A. Primavera Sr., President and CEO of Original Mortgage Source, LLC. “Our ultimate goal is to help our customer get what they want.”

Original Mortgage Source, LLC offers a free two- to four-minute “Quick Mini-Application Form” to apply for a home mortgage or life insurance online. To apply for a mortgage loan or to learn more about these and many other available mortgage loan programs, visit http://www.OriginalMortgage.net.

About Original Mortgage Source, LLC

Original Mortgage Source, LLC has been providing help to customers with home mortgage and life insurance needs. Their specialized staff of certified residential mortgage specialists and senior loan officers assist with mortgage loan programs, help with for-sale-by-owner homes, home warrantees, and offer consulting for homeowners and home purchasers alike, in both commercial and residential real estate.

Original Mortgage Source is a member of the Cleveland Better Business Bureau (BBB), the National Association of Mortgage Brokers (NAMB), the Ohio Association of Mortgage Brokers (OAMB) and the Ohio Farm Bureau Federation (OFBF). The Christian-owned and operated firm is state licensed, bonded, and insured to provide home mortgage loan s and solutions for homeowners and home purchasers, regardless of credit history. They also offer many different types of life insurance coverage that can be browsed on there website.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.