MORTGAGE-WORLD.com is an online mortgage company specializing in FHA, Conventional, VA, USDA and Non-QM Near-Prime loan products.
Purchase loans for a home require credit history, income, assets, and the property itself. FHA, Conventional, VA and USDA loan programs all require documented income verification. If you’re looking for something a bit more flexible, Near-Prime loans may provide alternative proof of income – or even no income verification whatsoever. At MORTGAGE-WORLD.com you can find a purchase loan that works for you!
Call us now 888.958.5382 for a quicker response!
Apply Now! »Purchase Loan:
- FHA
- FHA 203k
- Conventional
- Self-Employed
- Bank Statement
- 0% Down Payment
- Non-QM Near Prime
- HomeStyle Renovation
- Conventional 1% Down
- First-Time Home Buyer
- FHA construction to perm
- Conforming High Balance
- No Income Verification
- Non-Conventional
- Home Possible
- HomeReady
- Construction
- Commercial
- Investor
- Jumbo
- USDA
- VA
Property Type:
- Single Family
- 2 Unit
- 3 Unit
- 4 Unit
- Coop
- Condo
- Condotel
- Townhouse
- Second Home
- Double Wide
- Investment
Reasons to Purchase:
- No landlord
- Build equity
- Pride of ownership
- First time homebuyer
- Property tax deduction
- Need a bigger house
- Interest deduction
- Downsizing
Having trouble qualifying for a mortgage? Check out our Non-QM loans!
Types of Loans
30 Year Fixed Rate Mortgage
A 30-year fixed mortgage is possibly the most common type of mortgage loan. It has several characteristics that make it such a popular choice when financing a home purchase. One of the key features of a 30-year fixed mortgage is its fixed interest rate. If you are able to lock a great interest rate when getting the mortgage, you are set. That is the rate for the next 30 years, assuming that you own the house that long. Another attractive characteristic of a 30-year fixed mortgage is its relatively low monthly payment. Since repayment of the loan is stretched out over 30 years, that keeps the monthly payment from getting too high.
Adjustable-Rate Mortgage (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
A mortgage in which the interest rate is adjusted periodically based on an index. Also known as a renegotiable rate mortgage, a Canadian rollover mortgage and an adjustable-rate mortgage (ARM). A variable rate mortgage often has a lower initial interest rate than a fixed mortgage. With a variable rate mortgage, however, the initial rate changes after a period of time. Once that period is over, the interest rate of a variable rate mortgage rises or falls depending on an index. This usually occurs every year over the term of the loan, but it depends on the adjustment interval specific to your loan. With a variable rate mortgage, you run the risk that interest rates will go up, causing your mortgage payment to increase. The interest rate of a variable rate mortgage changes, or adjusts, based on an index. An index is a published interest rate based on the returns of investments such as U.S. Treasury securities. The rates for these investments change in response to market conditions, so an index tends to track to changes in U.S. or world interest rates. Learn more about mortgage loans.
Call us now 888.958.5382 for a quicker response!
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Call us now 888.958.5382 for a quicker response!
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