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American Financing

American Financing

Count on us for the best rates, competitive loans and superior service! Pre-Approved in 1 hour. We’re one of the fastest closers in the industry. Our Mortgage Specialist are salaried paid, which means you will get the safest home loan without any hassles! CALL (866) 750-6551

Are FHA Home Loan Requirements Tight?

Actually FHA loan requirements are among the most forgiving in the industry while providing a competitive interest rate and reasonable fees and costs. This is because they are government backed and it has been public policy to make home ownership fairly easy and affordable. Some of this flexibility is demonstrated as follows: • Credit scores [...]

Are balloon mortgage rates better than ARM rates?

Generally speaking balloon mortgage interest rates are better than rates for Adjustable Rate Mortgages (ARMs). In a balloon loan you have fixed monthly payments for a term of 3, 5, or 7 years. The monthly payments are based upon a 30 year fully amortizing schedule. At the end of the term you have to pay [...]

When and for whom is it best to get a stated income-stated assets loan?

When available, a stated income-stated asset (SISA) loan was good for those that had excellent credit and showed the history to be able to repay their debts without regard to the actual amount of income they had. Typically these types of loans were for self employed individuals that used the benefit of the tax laws [...]

Get Cash Fast with a Home Equity Line of Credit!

A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because a home often is a consumer’s most valuable asset, many homeowners use home equity credit lines only for major items, such as education, home improvements, or medical bills, and choose not to use them for [...]

Buy Now While Prices Are Low!

If you are able to buy a home now, there has never been a better time. Once the recovery begins, home prices are likely to rise rapidly. A lot of people will be lamenting the fact that they didn’t buy in 2008 or 2009 when prices were low. There is no doubt that the economic [...]

How Paying More on Your Mortgage Can Save You Money

Many Americans dream about owning a own home and dreamers will go to any lengths to ensure this dream becomes a reality, even if it means borrowing thousands of dollars that will need to be paid back over a 30 year period. For those who want to have their loan paid off sooner, it’s quite [...]

Guide to Refinancing

Guide to Refinancing

If you are a homeowner who was lucky enough to buy when mortgage rates were low, you may have no interest in refinancing your present loan. But perhaps you bought your home when rates were higher. Or perhaps you have an adjustable rate loan and would like to obtain different terms. Should you refinance? This [...]

Lowering Down Payment

Lowering Down Payment

How To Buy the Home You Want Mortgage insurance (MI) allows you to choose from a wider price range of homes. How? Lenders are generally willing to accept a lower down payment than the standard 20% if the lender obtains mortgage insurance on your loan through a mortgage insurance company. You can not only get [...]

Guide to Self Locks

Guide to Self Locks

When you’re looking for a mortgage, you’re likely to shop among lenders for the most favorable interest rate, and the lowest points and other up-front charges. When you find the most favorable terms and the lender that you want, you’ll apply to that lender. But when you get to settlement, will you actually receive the [...]