Search / 71 posts tagged 15 year fixed rate mortgage

There are two types of loans involved in a tandem loan. Trident Mortgage of Collegeville would like to help you better understand a tandem loan. As you know, an 80-20 mortgage involves taking out two loans to pay for the entire cost of a home. However, in order to qualify for these loans, there are credit score requirements.

Wraparound mortgages are a creative, though rare, way to allow buyers to purchase a property without having to qualify for a loan or to pay closing costs. It allows you to obtain property to conduct business in while you work to build your business credit. Growing the business credit will allow you to qualify for larger business loans.

No Income Verification Loans is great for those who can’t verify income with traditional documentation, such as those who are self-employed or salaried. NIV loans are usually designed for those who have substantial savings for a down payment. NIV Loans come in all varieties and can be used to purchase a home or to refinance an existing mortgage.

Mortgage Rates Plunge Faster Than Lindsay Lohan's Neckline From the Washington Post: Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months, the continuation of an accelerating decline following the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac.

We are a full-service Mortgage Banker, offering an unbeatable combination of professionally qualified mortgage consultants, a full spectrum of programs, and a streamlined application process with the ability to talk to a real person. Here’s why you’ll benefit from working with Trident Mortgage… We work for you, not the lending institutions.

In the real estate financing industry, a Shared Appreciation Mortgage (SAM) can be used as an “Alternative Financing” option for real property investments of all sizes, rather than being confined to the terms and conditions imposed upon most investors by traditional banks.

No Income Verification Loans is great for those who can’t verify income with traditional documentation, such as those who are self-employed or salaried. NIV loans are usually designed for those who have substantial savings for a down payment. NIV Loans come in all varieties and can be used to purchase a home or to refinance an existing mortgage.

Jumbo mortgage loans are loans above the maximum loan amount established by the programs offered by the government-chartered corporations Fannie Mae and Freddie Mac. Since these loans don’t conform to Fannie Mae and Freddie Mac underwriting guidelines, they cannot be sold to Fannie Mae or Freddie Mac.

Typically, a balloon mortgage is a short-term, fixed-rate mortgage that offers a lower interest rate during the repayment period, but it requires a large lump-sum payment due at the end of a specified term. Most mortgages are set up so that you pay off the loan gradually by the monthly payments that you make over the loan term (for example, 30 years).

The 15-year fixed rate mortgage for Trident Mortgage offers the qualified consumer five big advantages. You own your home in half the time it would take with a traditional mortgage. You save more than half the amount of interest of a 30-year mortgage.