Posted on 28 October 2011
Tags: 307-755-1592, 414, banking products, Contact Mortgage Source Inc, conventional loan, conventional loans, Credit Score, Debt Consolidation, direct endorsement, endorsement program, Fannie Mae, Federal Housing Administration, fixed-rate loans, home equity loans, home renovations, janet@laramiemortgage.com, jumbo mortgage, Kentucky, Laramie, lender, loan, Mortgage, mortgage loan, mortgage payments, mortgage solutions, mortgage source inc, piggy backs, portfolio products, second mortgage, second mortgages, source inc, sub prime loans, United States Department of Veterans Affairs, USD, VA, Veterans Administration
Mortgage Source Inc is a community based mortgage lender which combines banking products and technology to provide consumers with mortgage solutions. They believe in relationship building with their consumers, borrowers and realtors.
Some products/programs that Mortgage Source offers are as follows:
Conventional
The first product is a conventional loan used for financing. It includes conventional loans for 15, 20 and 30 years on a fixed rate, low rates and special portfolio products. Loans require no down payment up to 103% of sales price.
Stated Income And No Documentation
The second product is stated income and no documentation which means that for any reason if you are not able to document your income or assets, the customer can obtain a no documentation loan. A reasonable rate would be assigned based on credit scores.
Credit Problems
The third program is designed for people who experience credit issues. The Mortgage Source Inc team provides effective guidance to such people with their skill and expertise. MSI also offers sub-prime loans so that consumers can buy a home as soon as possible.
Second and Home Equity Loans
The fourth program is designed for second mortgages. These loans can be used for the purpose of debt consolidation, home renovations or simply for liquidity purposes. Read the full story
Posted on 15 July 2009
Tags: 15-year fixed, 15-year fixed mortgage rates, 30 year fixed mortgage rate, Business, Finance, fixed mortgage, fixed rate mortgage, Interest Rates, jumbo loans, jumbo mortgage, Mortgage, mortgage loan, mortgage rate trends, Real Estate, Super jumbo mortgage
Mortgage interest rates for Jumbo loans have also gone down in previous week. Due to this decline, the difference between normal mortgage rates and jumbo rates is also reduced. Spread has narrowed so to speak.
During Last year, as we entered the credit crisis, banks were very reluctant to give Jumbo Loans. For those lucky few, who got the loan, the interest rate charged on Jumbo loans was sky high. I know a friend who paid 2.5 percent more than the prevailing interest rate for conforming mortgage rates. 
Current trend in jumbo mortgage rates is that it is now back to normal. By normal, it means that you can now easily find a Jumbo Loan with mortgage rates that are only less than one percent above the conforming mortgage rates.
Read the full story
