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AMCentral Mortgage is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straight forward by offering you the latest in financial tools that enable you to make sound financial choices.
For Information on the Mortgage Market Meltdown Please goto the FAQs tab
Attention all current and Future Home Owners. Amcentral is excited to educate you on some new home loan products that where not available before. Fannie Mae and Freddie Mac have introduced a new loan that includes reduced Mortgage Insurance and Prime rates for what would have previously been considered non Prime customers . If your considering purchasing a home or looking at fixing your adjustable rate mortgage, look at these new products to help you save hundreds of dollars on your current and future payments. With the IRS allowing some customers to write off a portion of the Mortgage Insurance this could be an additional savings in your payment.
With the Market Changing Daily what you qualify for today you may not qualify for tomorrow. If you take advantage of these products before they are changed you could purchase a home with nothing down or avoid a possible foreclosure on your current adjustable rate loan when the rate adjusts by refinancing to a new fixed rate loan.
Even if you purchased six months ago and are in an adjustable rate loan we urge you to consider your options. These changes were not anticipated when lenders placed customers in initial fixed then adjustable rate loanas. We saw these loans as being designed to help customers with challenged credit get into a home and work on their credit during the initial fixed rate period. With the home values around the country falling combined with government involvement, these loans are disappearing fast. Without these loans a homeowner that has an adjustable rate may have no choice when their rates adjust but to accept their new payment. This could raise their payments by hundreds of dollars this is a big problem we foresee. We ask you to look into your options if this could effect you, both for yourself and your neighbor, as this could greatly affect the future value of homes if these customers are forced into foreclosure. There are loans still out there if you act now. We are unsure of the future of the sub prime market today and are offering this information to you as our opinion. If you educate yourself you can fight back you have options that can possibly change your payment by hundreds.
Call one of our mortgage consultant today or apply on-line now. We would be happy to answer any questions you may have.
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