American Equity Mortgage
American Equity Mortgage is a mortgage banking firm that was founded in the early 1990s. The company was co-founded Ray Vinson and his then-wife, Deanna Daughhetee. While the couple divorced in 2006, Daughhetee remains as American Equity's CEO.http://www.riverfronttimes.com/2007-02-14/news/deanna-to-ray-shut-up/ American Equity has locations in several major U.S. cities, including Boston, Massachusetts, Atlanta, Georgia, Denver, Colorado, Phoenix, Arizona and Richmond, Virginia.http://www.americanequity.com/Locations.aspx
American Equity offers customers several different services, including adjustable rate mortgages, interest-only loans, home purchase loans, mortgage refinancing and debt consolidation.http://www.americanequity.com/Mortgage-Basics/Home-Loans.aspx Consumers can fill out a mortgage application with American Equity online; the company claims it can pre-approve home mortgage applications within 24 hours. Customers will not incur any application fees.http://www.americanequity.com/FAQs.aspx#4a
updated 2010-07-16 21:25:50
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FHA Mortgage
The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.
updated 2010-07-17 05:11:54
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2nd Mortgage
The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.
updated 2010-07-16 20:28:10
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Online Mortgage Calculator
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updated 2010-07-18 00:42:37
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Interest Only Mortgage
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updated 2010-07-17 10:41:49
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How to Do a Reverse Mortgage
When you begin this journey you'll need to contact someone who is well versed in the field of reverse mortgages - they differ a bit from Conventional Mortgages. Try to find a lender that is close by so that you can deal with the officer on a face-to-face basis. Talk with a friend and ask if they know someone who has gotten a reverse mortgage. You'll need proof of Casualty Insurance and that your Property Taxes are currently paid. Don't be afraid, this is not at all difficult and you'll wonder why you didn't consider it sooner. With the value of homes continuing to spiral downward get the equity out of your home now before it loses any more value.
Remember:
- All parties on the reverse mortgage must be at least 62 years old; i.e if one person is 62 and the other is 59, the reverse mortgage can still be written, however the 59 year old can live in the home but cannot be included in the mortgage.
- The amount of equity allowed from the home is based on the younger of the two qualifying homeowners; i.e. one person is 73 and the other 68 - the equity drawn from the home would be based on the 68 year old person.
- The home must be your Primary Residence.
- Your name will remain on the title.
- The financial institution cannot take your home - for as long as you live in it - even if you use ...
updated 2010-07-17 08:32:34
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How to Reduce Mortgage Principal
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updated 2010-10-25 00:08:15
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Trust in Lending Disclosure
The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.
updated 2010-07-18 01:08:03
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How to Avoid Foreclosure with a Mortgage Modification
- A mortgage modification may be able to help you stay in your home by altering the terms of your mortgage to lower your monthly payments. Do your homework up front so you can provide all the necessary information to your lender, making it easier for them to approve your request. When you talk to the bank, mention the federal Home Affordable Modification program as it has recently expanded the types of mortgages available for modification.
