Cumberland, MD: Homespire Mortgage is now offering different loan products to clients interested in owning homes. One of the essential products the mortgage lender provides is the refinancing option, which is available to clients with mortgages who need more funds. As a client-centered lender, it assigns a loan consultant to clients interested in refinancing to assist them in going through the existing loan terms and protecting the client’s interests, such as avoiding penalties. The company also has multiple refinancing options, allowing clients to choose a product ideal for them regarding premiums and other factors such as repayment period.
Besides refinancing options, Homespire Mortgage has other loan products, including a 30 Year Fixed Rate Mortgage. This product is ideal for clients interested in owning a home but needs a more extended repayment period with a fixed rate and reasonable premiums. This lender also offers Adjustable Rate Mortgage (ARM) for clients who need flexible rates mortgages and an adjustable repayment period. Since each product has different terms of payment and payable interests, the company assigns the client a personal loan consultant, responsible for assisting them in assessing each product and finding the best option based on their finances and commitment.
Homespire Mortgage also offers personalized loan products to clients that do not want ARM or the 30 Year Fixed Rate Mortgage. The lender provides VA Loan, which is available to veterans and clients that have an association with the US military forces. Since the Veteran’s Administration backs it up, the loan has unique terms that make it invaluable to veterans. Clients that do not qualify for the VA Loan but want a personalized mortgage can opt for FHA Loan, which the Federal Housing backs. For clients unsure which product is ideal for them, the lender assigns them a loan consultant to evaluate their financing needs and find the best-personalized loan option.
Another personalized mortgage option is USDA, available to clients interested in buying or refurbishing homes outside the urban areas. While it may have some limitations, it is a perfect option for a client interested in buying homes in less populated parts of Cumberland. This loan product has different terms and requirements but enjoys backing from the Department of Agriculture. Interested clients should first talk to a Homespire Mortgage loan consultant about their eligibility.
For mortgage products, interested clients can call the team at (240) 362-7418. Homespire Mortgage is located at 111 S George St #3, Cumberland, MD, 21502, US. See more about Homespire Mortgage on social media pages and the website.
* This is not a commitment to lend. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates and closing dates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details. By refinancing your existing loan, your total finances charges may be higher over the life of the loan.
111 S George St #3
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