Nationwide Advantage Mortgage Company
Nationwide Advantage Mortgage was founded in 1987 and has been delivering “Premier Service” ever since. They have simplified the mortgage loan process so that loan approvals are rendered in a matter of minutes rather than days or weeks. A substantial investment in human and financial resources has been, and continues to be, committed to achieving and maintaining their goal of innovative mortgage banking. The use of advanced technologies from application to closing makes a reduction in cost possible. Nationwide Advantage Mortgage makes loans directly in many states and historically has only sold 1% of the servicing rights to these loans. Nationwide Advantage’s philosophy is that company will not sell servicing. Therefore, their borrowers have not experienced periodic notifications that payments must be sent to another entity. They currently service about 50,000 loans.
Nationwide Advantage Mortgage Loan Options
Nationwide Advantage offers a variety of loan types. For those interested in information on all the loan options available, Nationwide suggests the customer call for more information. A brief outline of their products is below:
- 10, 15, 25 and 30 Year Fixed Rate Loans
- 10/1, 7/1, 5/1 and 3/1 Adjustable Rate Mortgages
- 7 Year Balloon Mortgages
- Refinance Options
- Debt Consolidation
Nationwide Advantage Mortgage explains each of the above listed loan types in detail on their website. Also included is a pop-up glossary to aid in understanding the financial lingo. Calculators and analyzers can help with nagging questions. A probable calculator allows clients to see if they can qualify for a loan at all. The borrower should be ready to make an informed decision after reading through Nationwide’s website. When ready to apply the borrower may choose to apply online or by phone. The documents and materials needed are all spelled out on a handy checklist in the “Learn More” section of Nationwide Advantage’s website. After applying the customer may view the progress of the loan application in the “Returning Users” section.
Nationwide Advantage Mortgage Company is a subsidiary of Nationwide Insurance, one of America’s leading insurers. They are a full service mortgage lender based in Des Moines, Iowa. Nationwide Advantage offers mortgage products in the District of Columbia and in all states except New Jersey. Globally, Nationwide and its subsidiaries have over 30,000 employees and are the choice for over 16 million customers. So whether a client is insuring one’s first car, buying one’s first home or saving for one’s future, at Nationwide the client can find a broad range of products and financial solutions designed just for him/her.
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