Select Page

Activus Corporation Home Loans is a reputable company that has been in business in California for the last 20 years. They have received an A+ rating from the Better Business Bureau, however they based their findings on less than ten reviews. Activus Corporation’s home mortgages can be classified in several ways: fixed rate or adjustable rate, conforming or jumbo loan amount, government or conventional, purchase or refinance, prime or subprime, traditional (forward) or reverse, construction or permanent, and first or second mortgage.

Relevant Factors to Applying for and Being Awarded the Loan

When comparing mortgage programs, consumers should get the same information from each lender. This includes interest rate, duration of interest rate (Does it adjust? When? By how much?), loan term (15 year, 30 year, etc.), lender fees and third party underwriting charges, annual percentage rates, features like interest-only payments or prepayment penalties, and mortgage insurance or funding fees. When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. Your monthly Debt to Income ratio – your total income, minus monthly credit payments and other debts — will also be considered.

Website Linked to LendingTree?

Activus’ website is less than explanatory. The site is strangely linked with LendingTrees in that once you get past the first two clicks the information and technology on most products seems to be provided by LendingTree. Although there are often cautionary comments shot through the loan programs’ descriptions, the site does not provide real time interest rates or any detailed calculators to figure out exactly what the costs and potential liabilities are connected to the various loans they offer. Seems pretty thin as far as their process goes and they seem very interested in the subprime market.