The Washington Mutual Mortgage Company is another arm of Washington Mutual, which is known to be the friendly bank. Washington Mutual, or WaMu for short, has always pioneered changes in the banking industry. They have introduced several innovations that they have incorporated to the otherwise boring world of banking.
Even in the types of loans offered by the Washington Mutual Mortgage Company, this innovative attribute is observed as they offer a variety of loans that fit the different needs of their customers.
WaMu Mortgage Plus
This loan allows you to reset your interest rates twice a year. This in itself is a phenomenon since you rarely see a bank that would protect its customers from the fluctuating interest rates within the year. Though this appears to be a traditional mortgage, the Washington Mutual Mortgage Company also incorporates a home equity line of credit to this type of loan. You can avail of this type of loan when you have a good credit standing and you prefer flexibility with your interest rates.
Option ARM (Adjustable Rate Mortgage)
Another of WaMu’s amazing loan product gives you up to four options of making your monthly payment. The options include paying the minimum, interest-only, full principal and interest, and accelerated principal and interest. This loan gives you a different type of flexibility that would lessen your payment worries especially if you do not have the same income each month.
Traditional ARM
This type of loan starts by having a fixed rate interest for a specified period of time and then it is adjusted according to the index followed by the Washington Mutual Mortgage Company. This is the perfect loan for you if you crave stability and low interest rates.
Interest Only
This loan offers good cash flow for you since you pay interest only for a specified period of time, after which, you will be required to pay the full amortization amount.
Fixed Rate
As the name implies, this loan has fixed interest rates per month. It is very appropriate for you if you want predictability in your amortizations.
Fixed Rate Interest Only
The only difference from fixed rate loans is that you pay interest only for a specified period of time then the regular amortization comes into the picture.
Other Loans
The Washington Mutual Mortgage Company also offers other loans such as loans for vacation homes and commercial properties.
These are the types of loans that the Washington Mutual Mortgage Company is offering. Before applying for any of these loans make sure you are aware of your credit rating as WaMu usually base the approval of loans on your credit history.
Rarely do you see a mortgage company whose main goal in business is to provide solutions for its clients. With the National Mortgage Company, you can easily see that this is the primary concern. It provides solutions for each person involved in the company, whether they are borrowers, introducers, or funders.
The National Mortgage Company is a young company having been established only in 1996 but since then it has already given out $3 billion in loans. It is a member of the Mortgage & Finance Association of Australia, Finance Broker Association of Australia and Credit Ombudsman Services Limited.
The National Mortgage Company provides a wide variety of banking and mortgage products that serves as the solution to your individual needs. Dealing with the National Mortgage Company guarantees that you will get fast and efficient service.
What is so great about the National Mortgage Company is that it won every category in the Mortgage Professional Australia Awards, and was even named Non Bank Lender of the Year. They won the awards for the competitive prices of their products, extensive variety of loans in all aspects, efficient loan processing, excellent customer service, and technology accessibility. Yet even with these distinctions, the National Mortgage Company does not stop to continue improving for their customers.
If you are worried about the financial status of a particular company, it is certain that the National Mortgage Company is financially stable as it is funded by the largest banks and companies in the world. The company handles each step of a loan deal from offering you with the right products, doing credit assessment, securing approval, closing loans, and even loan management.
The National Mortgage Company has different types of loans that are offered to the public. These loans include the Professional Package Loan, Cash Flow Equalizer Loan, Equity Finance Mortgage Loan, Smart Solution Home Loan, Smart Solution Construction Loan, Smart Solution Fixed Loan, 100% Offset Loan, Go-Between Loan, Equity Accelerator, Lo Doc Loans, Large Loans and Non-Conforming Loans.
Surely, if you conduct your business with this company, you would not only be exposed to a lot of great offers and services. It goes beyond all the traditional means of mortgage practices. Working with a recognized company not only gives you peace of mind but good business as well. This company wants all its customers to be winners so it strives hard to bring a positive outlook and a winning attitude in all its day to day business dealings. For all your mortgage needs, you should consider the National Mortgage Company.
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