Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners
Original Mortgage Source, a leading online home mortgage and life insurance firm, has provided access to many of their most popular mortgage loan solutions on their website. These mortgage loans are available to both homeowners and home purchasers.
(PRWEB) May 5, 2005 -- Original Mortgage Source, LLC, an Ohio-based company
that specializes in home mortgage and life insurance options, has included
information and application forms on their website for the most popular types of
mortgage loans they offer to homeowners.
Original
Mortgage Source, LLC provides two distinct types of mortgage loan
solutions. The first, a 4.875% Equity Builder mortgage loan, is an interest-only
program that helps homeowners free up money to pay other bills without
refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder
mortgage loan is affected by multiple economic factors, making
it much more stable and keeping the interest rate lower. The interest rate is
also not compounded annually.
The second mortgage loan, Mortgage Life
Protection, is actually an inexpensive life insurance policy that provides total
coverage to pay off the full amount of the mortgage should the homeowner die.
This coverage can be added to an existing mortgage without
refinancing.
In addition to the Equity Builder and Mortgage Life
Protection mortgage loans, Original Mortgage Source, LLC has several
additional mortgage loan programs, including:
• 100% Financing, for
borrowers with good credit and employment histories but no down payment
• 3%
Down FNMA, designed to assist moderate income first time home buyers.
• Home
Equity Lines of Credit (HELOC), for borrowers who wish to keep their first
mortgage in place and use their equity for debt
• Mortgage Only Programs,
enabling homeowners to qualify for a new mortgage based only on their mortgage
payment
• No Income Verification Loans for Self Employed or W2
employees
“Our policy is to provide pre-qualifications free of charge to
all people serious about purchasing or refinancing their homes, investment
properties, or commercial properties,” said Timothy A. Primavera Sr., President
and CEO of Original Mortgage Source, LLC. “Our ultimate goal is to help our
customer get what they want.”
Original Mortgage Source, LLC offers a free
two- to four-minute “Quick Mini-Application Form” to apply for a home mortgage
or life insurance online. To apply for a mortgage loan or to learn more about
these and many other available mortgage loan programs,
visit www.OriginalMortgage.net.
About Original Mortgage
Source, LLC
Original Mortgage Source, LLC has been providing help to
customers with home mortgage and life insurance needs. Their specialized staff
of certified residential mortgage specialists and senior loan officers assist
with mortgage loan programs, help with for-sale-by-owner homes, home warrantees,
and offer consulting for homeowners and home purchasers alike, in both
commercial and residential real estate.
Original Mortgage Source is a
member of the Cleveland Better Business Bureau (BBB), the National Association
of Mortgage Brokers (NAMB), the Ohio Association of Mortgage Brokers (OAMB) and
the Ohio Farm Bureau Federation (OFBF). The Christian-owned and operated firm is
state licensed, bonded, and insured to provide home mortgage loans and
solutions for homeowners and home purchasers, regardless of credit history. They
also offer many different types of life insurance coverage that can be browsed
on there website.
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Source : http://www.prweb.com/releases/2005/5/prweb236938.htm