Freedom Lending, a US-based mortgage lender that offers one of the most extensive options for home mortgages, announces the company’s new loan programs that are specially designed to suit the individual requirements of each applicant.
A new loan program accommodates a money management plan to the existing Balloon Mortgage. This type of loan allows homeowners to have a 30-year amortization period with lower interest rates and monthly payments. This loan starts as a short-term, fixed-rate mortgage for a duration that depends on the applicant. After that, the rate can be adjusted and the lump sum can be paid by the end of the term.
A two-Step Mortgage, on the other hand, has a fixed interest rate for about 5 or 7 years. After this period, the rate reverts to the current market rate. The applicant, however, has the option to choose between variable and fixed interest rates for the remainder of the term. The Two-Step Mortgage is suited for individuals who want the mortgage to run gradually and without huge one-time payments.
The loan programs provide another great option for Freedom Lending applicants, and add a more personalized approach to existing mortgage types. A mortgage applicant can consult any of the firm’s loan specialists to find out which of the programs suit his requirements.
For more information about FreedomLending.Com, please visit their website at http://www.FreedomLending.com or call 1-800-344-FREE.
