The CitiFinancial Mortgage Company is the mortgaging arm of the Citigroup. With its success in the banking industry, Citigroup has extended its services to mortgaging and refinancing.
The mortgage process with the CitiFinancial Mortgage Company is made easy in three steps. First of which is to find the right loan for you. The CitiFinancial Mortgage Company has different types of loans that you can apply for. These loans include fixed rate loans, adjustable rate mortgage loans, Federal Housing Authority Loan, Jumbo Loans, Veterans Administration Loan, Super Jumbo Loans and Community Loans.
As with other banks, fixed rate loans are loans that have fixed interest rates, with its monthly payments remaining the same for the period of the loan. The adjustable rate mortgage allows a bit of savings in the initial part of the loan period since there is a lower interest rate during this time. The Federal Housing Authority Loan and Veterans Administration Loan are loans that are given out to qualified individuals as per assessed by the said institutions. The CitiFinancial Mortgage Company even has community loans that give the chance to everyone to avail of their mortgage loans.
The second step in the mortgage process with the CitiFinancial Mortgage Company is the application process. In the way that the CitiFinancial Mortgage Company values its clients, they have different ways in which their clients can apply. Application can be done online, through the phone, or at their business office. Financial documents stating income, credit history, and other supporting documents should be ready before the actual application takes place to avoid any delays on the client’s end.
The third and final step of the CitiFinancial Mortgage Company’s mortgage process is the closing part of it. Once the loan has been approved, then a meeting will be set up for the necessary signing of the documents. Upon reaching this step, the client must congratulate himself because of the successful loan application and not only a simple one at that, but one with America’s leading mortgage bank.
With these three easy steps, the CitiFinancial Mortgage Company gives you a reason to acquire a loan with them. Indeed, they have made the mortgage process less daunting than usual. Loaning with a large company has never been this stress free. Their track record in providing good business relations with highly competitive products certainly gives them the edge in the mortgaging arena. With this in mind, for sure, your trust in them would go beyond the regular since they give the best service possible in all their transactions especially on what they handle for their customers.
The Chase Mortgage Company is a subsidiary of the JPMorgan Chase group. The name Chase is used for US consumer and commercial banking purposes since JPMorgan and JPMorgan Chase are the names being used in worldwide deals. As a leading lender in the US market, Chase Mortgage Company offers different loan options for you to choose from.
The Chase Mortgage Company has different loan packages available for your different needs. Whether you are a first time borrower or you need to refinance you home, Chase Mortgage Company has the answers to your dilemma.
They have seven main types of mortgage packages namely Fixed rate mortgages, Jumbo Mortgages, Adjustable rate mortgages, Interest-only mortgages, Specialized loans, First-time homebuyers loans, and Homebuilder loans. The advantages of each type of mortgage package are discussed below:
Fixed Rate Mortgage
An option of a 15, 20, 30, 40 year loan term with fixed monthly payments and evenly spaced out payments.
Jumbo Mortgages
Jumbo Mortgages are called as such since they are loan amounts greater than the normal limits allowed. They come in 10, 15, 20, 25, and 30 loan term with a fixed interest rate therefore having a fixed monthly payment as well.
Adjustable Rate Mortgages
The concept of adjustable rate mortgages is that the interest rate is fixed for a chosen period, then, adjustable for the remainder period of loan. An advantage of this type of mortgage is the chance to benefit from lower interest rates in the future.
Interest-Only Mortgages
This type of mortgage enables the client to pay the interest only for the loan amount for 10 years. After which, the client will be required to pay the principal plus interest for the remainder of the loan period. Paying interest only for the first 10 years will enable the borrower to improve his cash flow. The interest-only mortgage of the Chase Mortgage Company also offers the option to have it as a fixed rate or adjustable rate mortgage.
Specialized Loan Options
The Chase Mortgage Company also offers loans to those people that do not have the usual requirement in obtaining a loan. This type of loan is very helpful to self-employed individuals and to those working abroad yet planning to invest in a US home.
First-time Home Buyers Loans
The Chase Mortgage Company also offers a light plan for those first-time home buyers. They even consider people with less than perfect credit standing. Their First-time Home Buyer loans are usually fixed rate loans that do not need borrower investment and have predictable monthly payments.
Home Builders Loans
Depending on the type of Home Builder Loan package, the interest rates differ from being a fixed rate, adjustable rate, or lock-in rate.
These are the different mortgage packages offered by the Chase Mortgage Company and it is your choice to select the best one.
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