Old Merchants Mortgage Bankers Expands Headquarters and Adds Personnel
Lake Success, NY (ContentDesk) May 21, 2006 -- At a time when other mortgage lenders are downsizing, Old Merchants Mortgage Bankers customer base continues to grow.
Due to our steady growth in loan volume, we have continued to add new loan officers to keep up with increased demand, says Scott Cooper, President of Old Merchants.
In these changing times for the mortgage industry, I see a lot of opportunity for well capitalized companies that focus on the non-prime or sub-prime customer. Old Merchants Mortgage Bankers delivers less expensive loans to their customers than the competition.
By going direct to Wall Street, Cooper explains.
Most mortgage bankers go to third party investor sources for their loans.
Due to Old Merchants Mortgage Bankers growing loan volume, we bypass the middlemen and go directly to the market.
Our direct approach allows us to avoid third party mark-ups and provide better pricing and overall savings to our customers. Old Merchants Mortgage Bankers specializes in getting homeowners and homebuyers the cash they need when they need it.
It's what Old Merchants is all about.
There's no quicker, easier or more reliable way to finance the things you may need or dream about in life.
Whether you're consolidating debt, buying your first home, making home improvements, taking a vacation or paying for your children's education, Old Merchants can get you a loan with competitive rates and fast approvals.
And they also deliver no income check loans and offer 100% financing optionstheyll even consider bankruptcies. If you refinance through Old Merchants you can lower your monthly payments, pay off credit cards, get fast cash and even stop foreclosure.
You will also receive honest, expert service, fast turnaround and great rates.
Old Merchants Mortgage Bankers is one of the fastest growing mortgage bankers in the country with estimated loan originations of $1 billion for 2006.
For more information call Old Merchants Mortgage Bankers at 1.800.344.0919 or visit www.oldmerchants.com..
Subprime Mortgage Lenders - Helpful Tips When Getting a Subprime Mortgage Loan
If you have bad credit history, no down payment or difficult to prove income and are looking to get approved for a home mortgage loan, you will probably need to look at subprime mortgage lenders to help you. To see a list of our recommended subprime mortgage lenders you can click on the link below.There are a few things to know about subprime mortgages lenders. They specialize in providing mortgage loans for people with less than ideal situations, whether it be difficult to prove income, low or poor credit scores (most often the case with subprime mortgages), or no down payment (this factor alone will not necessarily put you in the subprime loan category). The interest rate on a subprime mortgage loans will be higher than any other type of mortgage loan where credit, income and down payment are all optimal. However, with subprime mortgage loans, as a borrower, you need to be careful about a few things when dealing with subprime mortgage lenders.
The interest rate with subprime...
Subprime Mortgage Lenders - Helpful Tips When Getting a Subprime Mortgage Loan
Mortgage > Subprime Mortgage Lenders - Helpful Tips When Getting a Subprime Mortgage Loan
Business Mortgage or Utah Mortgage?
Are you looking for commercial lender in Utah that will offer you a business mortgage? If you are new to Utah then there is one thing you should understand, Utah is a peculiar state.
So if you visit your commercial lender in search of a business mortgage then they might offer up a puzzled look and then say, oh you mean a Utah Mortgage.
To which you should reply, yes that is exactly what I mean, a Utah mortgage. Now that you have the Utah lingo down you will be able to work with you commercial lender and hammer out the details to your business mortgage, errr Utah mortgage that is.
Now you might ask, what exactly
is the difference between a Utah mortgage and a business mortgage? And your commercial lender might have a really good answer.
But chances are the commercial lender will come clean and tell you a Utah mortgage is really the same thing as a business mortgage.
Appealing to people searching for a business mortgage...
Mortgage > Business Mortgage or Utah Mortgage?
Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
A mortgage is usually the biggest purchase that an individual makes, and because of that, many people tend to get nervous during the process. But wouldn't it make things easier if you felt that you had a "handle" on the process?or at least the terminology? After all, in order to get the best deal on your mortgage loan, you will need to understand certain things such as points, interest rates and closing costs. If you feel like you could stand to brush up on your mortgage loan terminology, why not read the following common terms and their definitions?PointsA point is amount that a borrower will pay in order to reduce the interest rate on their mortgage. One point is generally equal to 1% of the loan amount. For example, if you were taking out a 100,000 mortgage, and wanted lower interest rates, you might have to pay anywhere from 1-3 points (or $1,000-3,000 dollars) to get that rate.
It's important to note that some lenders will advertise very low interest rates, and only when...
Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
Mortgage > Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
Mortgage Expert Edward Irion Explains How To Save Up To 1/3 On Your Mortgage and Pay It Off In 2/3 the Normal Time
Most homeowners with a mortgage can save 10's of thousands of dollars and eliminate up to 10 years of mortgage payments, while reducing their effective interest rate by 2% or more,states Edward Irion, Pres. of Equity Solutions, a mortgage consulting company.Equity Solutions specializes in the Preferred Bi-Weekly Mortgage Plan which was developed as an adjunct to any mortgage in the USA and Canada.Homeowners DO NOT need to pay for costly
refinancing and are not subject to any credit checks and monthly mortgage payments do not go up.This is accopmlished by the Preferred Bi-Weekly Mortgage Plan, which splits your monthly mortgage payment into payments every two weeks, creating an extra payment each year which is used to pay down the principal.Also offered is a free yearly audit of your account. Mr. Irion says that 45% of Adjustable Rate Mortgages have been overcharged by $1500 or more. This service can cost $350 or more yearly if performed by an accountant.Another service offered...
Mortgage > Mortgage Expert Edward Irion Explains How To Save Up To 1/3 On Your Mortgage and Pay It Off In 2/3 the Normal Time
Best Mortgage lenders
The greatest advice that one can get while deciding on a mortgage loan is to shop around. Different mortgage companies have different policies and different prices. Hence, it becomes quite profitable to the mortgage buyer to have some knowledge of mortgages and to browse the market for the best deal.
The best place to begin hunting for mortgages is in the newspapers and on the Internet. Newspapers carry daily advertisements of mortgage selling companies. In most advertisements they mention their current interest rates and the points, which make all the difference between two mortgage companies.
This gives a good preliminary idea of which mortgage company would be the best to select. The Internet is more extensive. Websites of mortgage companies contain details on their various programs and the all-important customer feedback comments. Let these be the guiding force in selecting your mortgage company.
The most important thing to remember while looking...
Mortgage > Best Mortgage lenders