American Freedom Mortgage, Inc.
American Freedom Mortgage Inc. was founded in 2001 by Tamara L. Burch and Ann Myers. In the short time their company has been in business they have gone from operating their company with three people to over a hundred. In other words, they have enjoyed great success, and with their CEO and COO’s combined experience of 21 years in the mortgage industry, it’s no wonder. They currently lend in twenty states.
Loans Funded By American Freedom Mortgage, Inc.
- Adjustable Rate Mortgage—The Adjustable Rate Mortgage comes just as it sounds: with an interest rate that adjusts according to the market. This can be a great mortgage if the market is right.
- Fixed Rate Mortgage—This is the most reliable mortgage product on the market. It comes with a fixed payment plan and an interest rate that is locked in at signing.
- Interest Only Mortgage—This is a risky mortgage product. You begin your mortgage by paying low monthly payments on only the interest portion of your mortgage. After a few years you begin paying on the principle as well. IT is important to remember that you do not begin to build equity until you make payments on your principle, and building equity is the main financial benefit of being a homeowner.
- Limited Documentation Loan Programs—These programs are designed to offer loans to people with unorthodox income documentation. They traditionally work well for the self-employed and people with un-traditional careers. With this program, underwriters and loan officers utilize other sources of documentation to calculate income. They usually can use 6-24 months bank statements, or 6 months of pay stubs with year to date income.
- First Mortgage Line of Credit—This loan is unique because it does not require mortgage insurance.
- Fast and Easy—This scandalously named loan usually closes in four business days.
- Debt Consolidation—If you are up to your ears in credit card bills, mortgage payments, and other debts, consider consolidating your debt. It will help you pay off your debt faster and lower your interest payments.
- Refinance—If your credit score has improved or the market has taken a dip since you closed your mortgage, consider refinance. You could end up saving tons of money.
No Money Down—This option eliminates the need for a down payment and makes the ears of first time home buyers perk up everywhere.
More About American Freedom Mortgage, Inc.
American Freedom Mortgage has many tools that can help you plan your financial future. Talk with one of their mortgage brokers for more details.
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