AmeriWay

AmeriWay Mortgage company is a mortgage lending company that serves the people of Michigan and Ohio.  They went into business in 1991, and since then have grown to be a successful and well respected lending institution.

Loans Funded By AmeriWay

• Home Purchase—A Home Purchase is a broad term used to describe any type of loan that is used to purchase a home.  There are many products to choose from under this category, the most popular are the Fixed Rate Mortgage and the Adjustable Rate Mortgage.
• Fixed Rate Mortgage—The Fixed Rate Mortgage is the most reliable mortgage product.  It comes with an interest rate that you lock in at closing, and monthly mortgage payments that never change for the lifetime of your loan.
• Adjustable Rate Mortgage—The Adjustable Rate Mortgage comes just as it sounds, with an interest rate that adjusts according to the market interest rate.  Most programs adjust every one, three, or five years.  This program is great if the market drops, but can be detrimental if the market skyrockets.
• First Time Home Buyer—AmeriWay had many mortgage programs that are designed to help first time homebuyers make the leap from renting to owning.  They often come with minimal down payment requirements.
• Refinance—A Refinance is any mortgage that pays off and replaces your existing mortgage.  People refinance for lower rates and more favorable terms.
• Cash Out Refinance—A Cash Out Refinance allows you to do two financial transactions under one closing.  You refinance your loan for a better interest rate, but you also get to take out some cash to pay for other expenses.
• Second Mortgage—Second Mortgage is a broad term like Home Purchase. It encompasses many options such as debt consolidation, refinance, and home improvement.
• Debt Consolidation—It’s easy to rack up debt. If you find yourself unable to pay more than your minimum amount due on your credit cards, consider consolidating your debt. It will save you a lot on interest, and you’ll pay off your loans faster.
• Federal Housing Administration
• Veterans Administration
  

More About AmeriWay

AmeriWay offers instant online pre-qualifications.  Just take a few minutes to fill out their application, and you will know exactly how much they will be willing to offer you for your mortgage loan.

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