AMEX Mortgage

AMEX offers free online pre-qualifications. A pre-qualification is a helpful tool for people entering the home buying market. A pre-qualification lets you know exactly how much you can spend on your new home, so you can avoid spending time looking at houses you can’t afford to buy. Sellers like pre-qualifications too; they will take your bid more seriously if they know you have the funds to back it up.

Loans Funded By AMEX Mortgage

• Home Purchase—A Home Purchase is any mortgage that is used to purchase a home. The most popular options are the Fixed Rate Mortgage and the Adjustable Rate Mortgage.
• Fixed Rate Mortgage—The Fixed Rate Mortgage comes exactly as it sounds, with an interest rate that is locked in at closing and does not change for the lifetime of your mortgage, regardless of how the market changes. Your interest rate may be a bit high in comparison with other mortgages, but many people believe the peace of mind that comes along with this mortgage is worth it.
• Adjustable Rate Mortgage—The Adjustable Rate Mortgage comes with an interest rate that adjusts according to the market. Your interest rate will adjust every one, three, five, or seven years, depending on the program you choose.; This program is great if the market dips, but can be detrimental if the market skyrockets.
• Jumbo Mortgage—A Jumbo Mortgage is used for any loan that is more than the conventional loan amount as determined by Fannie Mae and Freddie Mac.  It is used to buy larger, more expensive homes.
• First Time Home Buyers—AMEX has many programs designed to help first time home buyers make the leap from renting to owning. 
• Refinance—A refinance is a new mortgage that pays off and replaces your existing mortgage.  People refinance for a lower interest rate and/or better terms.
• Cash Out Refinance—A Cash Out Refinance allows you to refinance your loan for a better rate and take extra money out to finance other expenses.
• Debt Consolidation—It’s easy to rack up debt these days.  If you consolidate your debt, you will pay off your loans faster and will spend less on interest.
  

More About AMEX Mortgage

AMEX Mortgage is a mortgage brokerage firm licensed to do business in the state of California.

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