American Mortgage Inc.

American Mortgage Inc. was created in the mid 1990’s.  They are a direct lending mortgage banker that serves New Jersey, Connecticut, Florida, Delaware, Maryland, and Pennsylvania.  They have grown more than 100% annually since their inception. American Mortgage Inc. specialize in residential mortgage finance and refinance.  You can apply for one of their loans online.

American Mortgage Loan Options

One of the most common loans that American Mortgage offers is the Thirty Year Fixed Rate Mortgage.  This is the most common mortgage chosen by people around the nation.  If you want a Fixed Rate Mortgage with a little bit shorter of a term, consider the Twenty Year Fixed Rate Mortgage.  You’ll be paying higher monthly payments with this option, but your loan will also be amortized a whole decade sooner.  You will also end up paying less interest.

American Mortgage also offers an Adjustable Rate Mortgage.  They offer them in terms of 10/, 7/1, and 3/1.  With each of these loans, the interest rate is set for a specific number of years (ten, seven, or three in this case).  After that initial period, the interest rate adjusts annually according to a pre-specified index (LIBOR, etc.)  American Mortgage will also add a margin on to your interest rate.

American Mortgage also offers Federal Housing Administration (FHA) Loans.  They offer them in fifteen and thirty year terms.  All FHA Loans are subject to regulations set by the Federal Housing Administration.

American Mortgage VA Loans

American Mortgage also offers Veterans Administration (VA) Loans.  These loans are available for US Veterans.  They can borrow 100% of their home’s value (the value cannot exceed $203,000).  The seller may even pay the closing costs.  This loans frequently leaves the veteran borrower paying nothing up front for a home purchase.  The VA is generally fairly liberal concerning the veteran’s credit standing.

American Mortgage Debt Consolidation Loans

American Mortgage offers Debt Consolidation options.  If you have many outstanding loans (credit cards, car loans, second mortgages, etc.) you can probably save yourself money and pay off your debts sooner if you get a Debt Consolidation Loan from American Mortgage.  With a Debt Consolidation Loan you consolidate all your bills in to one monthly payment usually with a lower interest rate.

American Mortgage is proud to operate in Accordance with the Fair Housing Act of 1968.  They do not discriminate against borrowers based on race, color, national origin, religion, age, sex, familial status, or disability.  They also comply with the Truth in Lending Act, the Home Ownership and Equity Protection Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Patriot Act, and the Federal Trade Commission Act.

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