Ameriprise Financial

Ameriprise Financial is a company with a long history.  Founded in 1894 by John Tappan the company was first called Investors’ Syndicate.  By 1937 the company had reached $100 million in assets and in 1949  changed it’s name to Investors Diversified Services, INC. (IDS). In 1984 IDS was acquired by American Express and they reached a billion dollars in assets by 1994.  In October 2005 American express spun off Ameriprise Financial as an independent publicly traded company.  Ameriprise Financial owns, administers and manages billions of dollars in assets.

Ameriprise Financial Mortgage Loan Options

Ameriprise Financial’s mission statement is to be the most sought after financial planning and service firm and to help their clients craft a vision for their future.   They say it is their mission to treat the clients and potential clients as though they were members of their family.  They specialize in financial planning for retirement and both first mortgages and refinancing.  They offer both fixed rate and adjustable rate loans.   The most common types of loans offered are as follows:  30 year fixed rate mortgage; 20 year fixed rate mortgage; 15 year fixed rate mortgage; 10/1 adjustable rate mortgage; 7/1 adjustable rate mortgage; 5/1 adjustable rate mortgage; 3/1 adjustable rate mortgage; 10/1 interest only adjustable rate mortgage; 7/1 interest only adjustable rate mortgage;5/1 interest only adjustable rate mortgage; and the 3/1 interest only adjustable rate mortgage.  They also offer a 7 year balloon mortgage.  Home equity installment loans and lines of credit are also available.  For the home equity loan the maximum amount is $500,000  and for the line of credit it is $250,000.

Ameriprise Financial offers loan pre-approval.  This can aid in making a serious offer on a property.  The loan decision is free of charge with a $250.00 non-refundable fee charged only after the borrower has decided on the loan program for him and is ready to reserve his funds.  Ameriprise Financial considers the borrower’s income and assets, debt and credit history and the property information before giving a loan offer.

James M. Cracchiolo is the Chairman and Chief Executive Officer of Ameriprise Financial, Inc.  They are a nationwide company with over 3,500 offices.  They may be contacted by phone, online, by e-mail, by mail or in person.   Lending and deposit services are by American Express Banks, an FDIC insured institution.  Standard and Poors, A. M. Best, and Fitch all give Ameriprise Financial Debt Ratings an A-, while Moody’s rates it an A3.  Ameriprise Financial prides itself on hiring professional  financial service advisors and providing it’s clients with a personal collaborative approach to financial planning.

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