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) April 19, 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 3.875% 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 consolidations, purchase other properties, or home
improvements.
• 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/2005/4/prweb230735.htm