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Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners
Posted on April 30th, 2011 No comments
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 charging without refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder mortgage lent is unnatural by multiple economic factors, making it much more sheltering 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, plan 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
ÂOur 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. ÂOur ultimate goal is to help our customer get what they want.Â
Original Mortgage Source, LLC offers a free two- to four-minute ÂQuick 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 helped 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, secured, and insured to provide home mortgage lent 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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Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners
Posted on April 6th, 2011 No comments
(PRWEB) April 19, 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 3.875% Equity Builder mortgage loan, is an interest-only program that helps homeowners free up money to pay other charging without refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder mortgage lent is unnatural by multiple economic factors, making it much more sheltering 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 number coverage to pay off the full amount of the mortgage should the homeowner die. This coverage can be adding 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 consolidations, purchase other properties, or home improvements.
 Mortgage Only Programs, enabling homeowners to qualify for a new bonded based only on their mortgage payment
 No Income Verification Loans for Self Employed or W2 employees
ÂOur policy is to provide pre-qualifications free of charge to all people serious astir purchasing or refinancing their homes, investment properties, or commercial properties, said Timothy A. Primavera Sr., President and CEO of Original Mortgage Source, LLC. ÂOur ultimate goal is to help our customer get what they want.Â
Original Mortgage Source, LLC offers a free two- to four-minute ÂQuick 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 lend 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 loans 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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No Income Verification Mortgage – Specialty Home Loans
Posted on January 25th, 2011 No comments
Shannon Hurn asked:
Whether you are looking for a first mortgage or even to refinance your home, proving your income is not always possible. Many mortgage lenders will require proof of income, but if you can’t provide this or your proof does not take into account all the money you effectively earn it could be a problem. This is where no income verification mortgages can provide a great alternative, for a number of different situations.
There are many reasons why a non verified mortgage is best for any individual. This could be that they are self employed, and proving their regular income is difficult. You may get paid cash under the table, or you may earn an income from another non-traditional source. Whatever the reason, using a non-income verified loan means that you do not need to prove the amount of money that you earn. You may still be required to sign a document stating what you make on average each month.
This kind of mortgage will still require you to be a reliable borrower. Mortgage lenders will check your credit score to establish the risk you pose. They may give you slightly less favorable rates, since they cannot assess your risk by knowing the exact amount you earn. You may also be required to pay a higher down payment and take out mortgage insurance.
It is worth searching and spending a little time comparing different mortgage brokers’ rates. This will ensure you get the very best deal and loan terms for your mortgage. Like traditional mortgages, no income verification mortgages come with a wide range of terms and specifications – make sure you understand them completely before signing up.
Jeremy