|
Registered Mortgage Broker NYS Banking Dept. All Loans Arranged Through Third Party Provider.
| Purchase or Refinance With Credit Score As Low As 500 |
Glenwood Mortgage Corp. Specializes in
Residential and Commercial Loans. We have
helped families and individuals purchase new
homes, lower monthly payments on their current
mortgages, and get money in order to pay off bills,
make home improvements, send their children to
College and many other purposes.
Fast Honest Answers, Competitive Loan Programs &
Rates, Hassle Free Loan Process and Top Quality
Customer Service are just some of the benefits we
offer to you.
You don't need perfect credit to get a loan through
Glenwood Mortgage Corp. our loan officers can
assist you with one of the many programs available.
Residential and Commercial Loans. We have
helped families and individuals purchase new
homes, lower monthly payments on their current
mortgages, and get money in order to pay off bills,
make home improvements, send their children to
College and many other purposes.
Fast Honest Answers, Competitive Loan Programs &
Rates, Hassle Free Loan Process and Top Quality
Customer Service are just some of the benefits we
offer to you.
You don't need perfect credit to get a loan through
Glenwood Mortgage Corp. our loan officers can
assist you with one of the many programs available.
| Reasons to Refinance |
Lower Your Monthly Payment
There are two ways refinancing can lower your
payment. The obvious one is to simply refinance at a lower interest rate.
In fact, a drop of just a half
to three quarters of a percentage point can lower your payment.
You can also change the term on your mortgage to lower your payment.
Switching from a 15- to a 30-
year term can significantly lower your payment. But, if long-term savings
is more appealing to you,
refinancing from a 30-year to a 15-year can save you thousands of dollars
over the life of your loan.
Convert An Adjustable Rate Mortgage (ARM) to a Fixed-Rate or Vice
Versa
Consider refinancing from an ARM to a fixed-rate or even another ARM
when or before your interest
rate is set to adjust if current fixed rates are favorable.
You might want to consider refinancing to an ARM if you're planning on
being in the home for only a
few years. Why pay the higher interest on a 30-year fixed mortgage, when
you can pay a lower rate
for the few years you're living in the home?
If you have an ARM, and you'll be in the home longer than the initial 3- or
5-year lower rate period,
then it might make more sense to convert to a fixed-rate loan
There are two ways refinancing can lower your
payment. The obvious one is to simply refinance at a lower interest rate.
In fact, a drop of just a half
to three quarters of a percentage point can lower your payment.
You can also change the term on your mortgage to lower your payment.
Switching from a 15- to a 30-
year term can significantly lower your payment. But, if long-term savings
is more appealing to you,
refinancing from a 30-year to a 15-year can save you thousands of dollars
over the life of your loan.
Convert An Adjustable Rate Mortgage (ARM) to a Fixed-Rate or Vice
Versa
Consider refinancing from an ARM to a fixed-rate or even another ARM
when or before your interest
rate is set to adjust if current fixed rates are favorable.
You might want to consider refinancing to an ARM if you're planning on
being in the home for only a
few years. Why pay the higher interest on a 30-year fixed mortgage, when
you can pay a lower rate
for the few years you're living in the home?
If you have an ARM, and you'll be in the home longer than the initial 3- or
5-year lower rate period,
then it might make more sense to convert to a fixed-rate loan
| Definition Of Terms |
Interest-Only: This type of loan is most popular with homeowners who
have homes that are appreciating in value and who want the lowest
payment possible. Qualified borrowers make interest-only payments with
the choice to make higher payments in order to reduce the principal.
There is a variety of options, including making interest-only payments
during the first 3, 5, or 7 years of these mortgages.
Adjustable Rate Mortgage (ARM): A mortgage in which the interest rate
is adjustable periodically based on a pre-selected index. This often has
lower monthly payments, and it also has a ceiling above which payments
cannot go.
Debt Consolidation: A loan which combines monthly bills (for example,
high interest credit cards and car loans) into one new low low-interest
home loan with one low monthly payment. This type of home loan can
save a borrower hundreds of dollars every month.
Fixed-Rate Mortgage: A mortgage in which the interest rate will remain
the same throughout the entire term for the original borrower.
Home Equity Line of Credit (HELOC): A loan for which you can either
receive a large sum of money or have an open line of credit that can be
drawn as it is needed, with, typically, low interest rates.
Purchase Loan: A loan to purchase a home.
Refinance: A new loan made to a borrower who currently owns a property
or has a first mortgage on it. Refinancing either pays off the existing
mortgage with a new first mortgage, or a second mortgage is made in
addition to the existing first mortgage.
Call Glenwood Mortgage Corp. for more details regarding the above loan
programs and find out how one of our personal Loan Officers can help
you with a loan that matches your unique needs.
have homes that are appreciating in value and who want the lowest
payment possible. Qualified borrowers make interest-only payments with
the choice to make higher payments in order to reduce the principal.
There is a variety of options, including making interest-only payments
during the first 3, 5, or 7 years of these mortgages.
Adjustable Rate Mortgage (ARM): A mortgage in which the interest rate
is adjustable periodically based on a pre-selected index. This often has
lower monthly payments, and it also has a ceiling above which payments
cannot go.
Debt Consolidation: A loan which combines monthly bills (for example,
high interest credit cards and car loans) into one new low low-interest
home loan with one low monthly payment. This type of home loan can
save a borrower hundreds of dollars every month.
Fixed-Rate Mortgage: A mortgage in which the interest rate will remain
the same throughout the entire term for the original borrower.
Home Equity Line of Credit (HELOC): A loan for which you can either
receive a large sum of money or have an open line of credit that can be
drawn as it is needed, with, typically, low interest rates.
Purchase Loan: A loan to purchase a home.
Refinance: A new loan made to a borrower who currently owns a property
or has a first mortgage on it. Refinancing either pays off the existing
mortgage with a new first mortgage, or a second mortgage is made in
addition to the existing first mortgage.
Call Glenwood Mortgage Corp. for more details regarding the above loan
programs and find out how one of our personal Loan Officers can help
you with a loan that matches your unique needs.
Registered Mortgage Broker NYS Banking Dept. All Loans
Arranged Through Third Party Provider.
Arranged Through Third Party Provider.
| FAST LOAN CLOSINGS! GOOD CREDIT BAD CREDIT NO CREDIT BANKRUPTCIES LATE PAYMENTS LOW, LOW RATES NO OBLIGATION - NO HASSLE FREE MULTIPLE QUOTES QUICK ANSWERS 24 HOUR APPROVALS FLEXIBLE TERMS DEBT CONSOLIDATION BANKRUPTCY SPECIALISTS STOFORECLOSURES |
| Glenwood Mortgage Corp 111-44 Lefferts Blvd. South Ozone Park, N.Y. 11420 718 848-3011 |
| For Additional Information Call 718 848-3011 or Email: kamalglenwood@verizon.net |
Debt Consolidation
can be used to pay off:
2nd Mortgages
High Interest Credit
Cards
Personal Loans
Student Loans
Car Loans
and much more.....
can be used to pay off:
2nd Mortgages
High Interest Credit
Cards
Personal Loans
Student Loans
Car Loans
and much more.....
| The process of combining a new refinance loan with debt consolidation can be one of the smartest, and most rewarding financial tools available to homeowners |
| Kamal Thakur Jairam Broker/Owner |
- Purchase
- Refinance
- Cash Out
- Mixed Use
- Commercial
| To View Video Clips From The Hit TV Show Welcome to My Life Click Here |
| Kamal Thakur Jairam & Ramdale Jairam |
| Ramdale Jairam Supervises our Courteous and Friendly Staff! |
