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What type of mortgage
should you choose?
Heritus Marketing Group
Intro
➔Achieve the best leads in the industry with Heritus Marketing Group LLC. Our
leads are proven to be of the highest quality with equally high success rates in the
past. In order to help businesses grow and generate high profits, we offer a variety
of services.
Why Us
In the past, Heritus Marketing Group LLC has been chosen above other
service providers because of the following:
●Our leads are personalized and we ensure they are perfect for your company.
●Our leads are 100% genuine.
●We ensure on-time delivery and focus on all-round customer satisfaction.
Before you go out there and submit your mortgage
application you need to decide on which mortgage you
should go for. The options are many when it comes to
mortgage loans and each of these come with their own pros
and cons. You will have to understand these options, see
which ones you qualify for, compare them and then decide
on which is the right one for you. Here is a list of the types
of mortgage loans that are available:
Conventional or Confirming Mortgage Loans: These are the most common
mortgage loans people go for. The lenders are quite easy to find as the
demand for these loans is quite high. These are available as fixed-rate
mortgages and adjustable-rate mortgages. However, fixed rate mortgages are
what most people prefer. These mortgage loans come in different terms such
as 15 years, 30 years and even 40 years.
Fixed Rate Mortgage or FRM loans: In these types of loans, the interest rate
will remain fixed throughout the lifetime of the loan. You can expect to pay a
fixed amount of money as your monthly mortgage payment throughout the
term, whatever may be the mortgage rates prevailing in the market.
Variable Rate Mortgage or Adjustable
Rate Mortgage (ARM) loans:
In a Variable Rate Mortgage loan, the
interest rate will be fixed for some
amount of time and then it will start
fluctuating throughout the lifetime of your
loan. Although these loans are easier to
qualify, they seem very risky especially
when the interest rates go too high.
When you reach such a time, it is better
to refinance into a FRM at the earliest.
Balloon Mortgage Loans:
These are short-term loans with some
amount of risk. In this loan a major
portion of the principal amount
becomes payable as a single payment
at the end of the term, which could be
anywhere between five to seven years.
You can go for this loan if you are not
financially stable. However, as soon as
you become financially stable, it is
better to change over to a more reliable
product.
Sub-Prime Mortgage Loans
09.17.XX 10.13.XX 10.20.XX
If you have a bad credit history due to which itis not possible to qualify for a conventionalmortgage, you can go for a sub-prime mortgageloan. However, off late these loans arebecoming a little stricter, even if they are notreally backed by the government authorities.
Reverse Mortgage Loans:
These are loans for home-owners who are above 62 years
of age. In this you can obtain your loan amount, either as a
lump sum or as a monthly payment. This need not be
repaid as long as the borrower stays in the house that he
owns. It comes up for repayment only in the case of the
death of the borrower or when the house is sold by the
borrower.
A good credit score can offer
you a lot of options to choose
from. In case you have chosen
a wrong type of loan, you can
always go for a refinance
mortgage loan that can help
you switch over to the right
product.
If you want the mortgage
lenders or refinancers to
contact you right away, all
you need to do is enter your
details in the forms uploaded
by mortgage lead generating
companies. These companies
will then forward your details
to mortgage lenders through
reverse mortgage leads,
mortgage leads transfers or
mortgage live transfers.
Contact
Heritus Marketing Group
115 E 57th Street, 11th Floor New York City,
NY 10022
Fax Number 646-558-4303 Toll Free 877-845-8225
Email @ [email protected]
Web @ www.heritusleadtransfer.com
