PROGRAMS
REFINANCE
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Adjustable Rate Mortgages (ARMs)
Affiliated Mortgage Services Corp. also offers Adjustable Rate Mortgages which are mortgages that have periodic interest rate adjustments. Adjustable Rate Mortgages can help you to qualify for a mortgage when you may not qualify for a conforming fixed rate mortgage. At times it can also qualify you for a larger mortgage because adjustable rate mortgages usually have lower interest rates. No Doc Streamline Refinance: Affiliated Mortgage Services Corp. offers a no income verification Streamlined Refinance program. Under this program, the following guidelines apply:
Disclaimer: All loans are subject to credit approval. A credit inquiry is required. Interest rates and loan programs are subject to change and/or cancellation without notice. HOME EQUITY LINE OF CREDIT
A home equity loan is a second mortgage on your home. Home equity loans are a very powerful tax-deductible financial tool. Since home equity credit is a type of mortgage, it shares lower interest rates and the tax advantages of mortgages. A home equity may be used for any purpose, and, in most cases, 100% of the interest paid each year is tax deductible (Consult your tax advisor regarding the deductibility of interest). When to apply for a home equity loan? A home equity loan is a serious move because it is a second mortgage on your home. If you are seeking to pay off credit card bills, car payments, or college tuitions, you have good reasons to seek a home equity loan. The best part about equity loans is that you can now borrow up to 100% of your home's equity and, in some situations, up to 125%. PURCHASE LOANS
Buying a new home? Whether it's your first home or your fourth home, which ever the case, you want the best rate possible when financing your purchase. Affiliated Mortgage Services Corp. represents many lenders and can help you find the best rate and the proper loan program for your new home. We do our best to make the loan application process simple and direct so there are no hassles. Before searching for a new house, it is good to know what size mortgage you qualify for, so please take advantage of our pre-approval process through our online pre-qualification or by calling our office to speak directly to a loan officer. We offer a variety of loan programs to satisfy every borrower. Our loan officers will be happy to answer any questions or concerns you may have. Pre-Approved/Pre-Qualified for a Loan Description One of the latest trends in the mortgage industry involves pre-approving borrower loans. Prospective buyers will know what they can afford before shopping for a home. When you are pre-approved, home sellers and real estate agents will know you are a serious buyer. Being approved for a loan makes the home-shopping process much more efficient and productive. Being pre-approved gives you more leverage when you are negotiating a contract and results in expediting the loan process when you have found your property. Pre-Approval can be obtained within a short period of time and expedites the process and helps you to close faster because you are already approved! If you are looking to purchase and would like to be pre-approved, please fill out the on-line application or contact our office, and one our loan officers will be happy to assist you. The final loan approval is then subject to an acceptable property appraisal after you have chosen a home. Being pre-qualified helps you and your real estate agent to understand how much you can spend on a home and how much you can borrow. Bankruptcy and Foreclosure Current Bankruptcies are OK! Just because you have a current or previous bankruptcy doesn't mean you can't get a mortgage loan. In many cases there are financial sources available for the most challenging situations. The mortgage consultants at Affiliated Mortgage Services Corp. have the knowledge and experience to help you find these sources. You'll find our entire staff, from your loan officer to our hard working mortgage assistants, helpful and most of all discreet. We have helped many through and in some cases out of bankruptcy. We cannot help you with the legalities, but we can help you with a new mortgage refinance. Contact us today for more information on these exciting programs or apply online! MB/2110 ML/1721 © Copyright, 2008 by Affiliated Mortgage Services Corp. All Rights Reserved.
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