There are many AnnieMac mortgage reviews that you can get today. Most of them are certainly in positive tone. Indeed, this mortgage acceptance company is considered as one of the best mortgage loan providers all over the state. With the help of AnnieMac home mortgage program, you will be helped to purchase your new home.
This company is full of experts who are ready to guide you when making money-smart financial decision. There are wide variety of first mortgage loans that you can choose. You can select one that meets your specific need. They are including conventional loans, jumbo loans, FHA loans, and 203 loans. According to AnnieMac mortgage reviews, many customers prefer conventional loan. Below is more information about the loan and the review as well.
1. Conventional Loan Has Fixed Rate
One of the best features about the conventional loan is that it has a fixed rate. It means that the payments will remain the same throughout the loan term. You can choose 10-years loan or 30-years loan and the amount of money you pay for the loan is going to be the same throughout the length of the loan. It is a brilliant choice for those who plan to live in the house for many years. It is going to provide better financial stability as well. Beside of being fixed, the loan rate and payment are also adjustable. It means that the changes in the market is not going to fluctuate the rate and payment of your loan at all. There will be no surprises of a rate rising in the middle of the loan.
2. Huge Amount of Loan
You can get huge amount of money from this loan. If this is your first mortgage and you use this conventional loan program, you will get approximately $400,000. It is a lot of money especially for purchasing a single-family dwelling. This program is only allowing you to get single-family dwelling. If you want to get a two-family, three-family or even a four-family dwelling for your family, you can use other mortgage loans option from AnnieMac.
3. How to Get the Loan?
To get the loan, you need to provide several documents including your personal information, especially your current address. You also have to provide your previous addresses if you have been moving in the past 2 years. The next thing you should provide is the information of your property including the location and title. For consideration of your personal financial stability, you need to provide your employment information. It is including the position, office address, and monthly salary information. You also need to provide bank account statements about your assets. Prepare also the documents about your current monthly housing income and expenses. It can include the rent and mortgage payments (if you have one). You also need to complete the document with the paperwork of your insurance and taxes. Even though the paperwork looks a lot, in many AnnieMac mortgage reviews, you can tell that the loan will be good and worth it in the end.