When starting the home purchase process, whether you are a first-time home buyer or an experienced home owner, the course can be a very stressful one.
Deciding on the loan program, term, or interest rate can greatly affect your payments and your ability to qualify for a home loan.
Here at Titan Mutual Lending, we strive to provide the best financing options to our clients and maintain the goal to put you and your family first.
Give us a call today so we may help guide you through this process.
When refinancing your home, it is important to choose the right program for your family. There are primarily four possible purposes that a borrower would elect to refinance their home.
A Reverse Mortgage or Home Equity Conversion Mortgage (HECM) can alleviate many stresses that our seniors face today. A reverse mortgage might not be for everyone, but if it fits your financial circumstances, it may be what you’re looking for.
Get Cash from your home Equity – Being on a fixed income in a rising cost of living market can create tremendous stress. A HECM loan may be able to provide seniors an additional consistent flow of income from the mortgage.
Eliminate your monthly mortgage payment – Borrowers will not need to make monthly payments on a HECM loan. However, it is still a requirement to pay HOA Dues, Property Taxes and Insurances.
No Limitations and Restrictions – Borrower who cash out on their home with a HECM loan have no limitation or restriction on what they can spend their proceeds on. Either a home improvement or vacation around the world, a HECM loan may be able to meet your goals.
A mortgage loan for American veterans (or their surviving spouses) and active military
Your conventional fixed-rate mortgage. This is our most popular program for home purchases or refinancing
This loan program works well for short-term homes or if you would simply like lower payments
Home equity loans are a type of fixed-rate second mortgage. They give you access to funds, similar to a credit card, with typically lower rates
