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Ryan Kelley The Home Loan Expert Home Loans Review

Ryan Kelley is a Mortgage Bank, quite personally represented by Ryan Kelley himself, with offices in St. Louis, Nashville, Chicago and Indianapolis. The range of loan products available is broad and includes fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, jumbo loans, HARP refinance services: mortgage refinancing, cash-out refinancing, new home loans, and reverse mortgages, down payment loans for first time buyers, physicians loans, renovation and construction loans. They point out that as a mortgage bank, their process has been streamlined from start to finish. Having the entire loan process contained under one roof allows them to quickly and efficiently close your loan. There is no discussion about the future servicing of the loan staying in-house. Although it is true that Ryan Kelley will own the loan, that is no guarantee that they won’t sell your loan to an entirely different company.

The Transparency and Accessibility of Information

Most of the information provided on the website comes to the client in bullet-point form. They basically describe some of the benefits of the federal programs they are empowered to offer but say little about what kind of property and financial situation the buyer is in before qualifying. So their sales pitch is basically piggy backing on these very widely offered home loans that most credible lenders are empowered to offer. The language is totally accessible, but dumbed down.

Borrower Beware: Little More than a Long Advertisement

The costs of the loan as far as fees and service charges are not as clearly described or centered in this company’s description of their services. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application. Finding out what those costs are is very relevant to your eventual financial obligation and more importantly how much upfront money it costs to get the loan.

Quicken Loans Home Loans Review

Quicken Loans get consistently bad reviews for deceptive practices throughout the loan process, but predominantly from people who never got the loan with them. There are a huge  number of customers who have criticized Quicken Loans for misleading them and tricking them into paying fees that are never explained. Particularly, Quicken Loans is indicted publicly for getting substandard appraisals that they charge the customer to provide. They are accused of hooking the buyer and then changing their credit assessment at the last minute, forcing the buyer to accept a higher rate of interest or reject the deal and lose the house.

Many Questions Throughout the Process

This is a company that seems to be constantly accused of being shady at every stage of the game.  The sheer outpouring of bad reviews on this company should alone make you wary. However, the actual tenure and pitch of their advertising strategy could also lead you to believe that the process is so “quick’n’easy.” What is true is that you will quickly be parted from at least $500 before you prequalify for the loan. Most retail home loan companies provide some level of free qualified service to assess the likelihood of the potential borrower getting the loan and most companies provide the online tools necessary for buyers to assess their own buying potential without charging a nonrefundable “appraisal” fee.

The Speed and Efficiency of the Process is Tempting

This company’s terms can look attractive to young folks with a steady income who prefer to apply for the loan without ever leaving their computers. Normally this is a good sign that a company is moving with technology and is no doubt the future. However the complaints seem to center around people who feel baited and switched out of appraisal fees and higher interest rates at the last minute, as well as no lock down process for pre-qualification or even the loan proper before the customer sinks some significant fees into the process.

PNC Home Equity Home Loans Review

PNC is a long time lender, they divide their loan information into three categories: purchase, refinance, and home equity loans, Under each category is listed the various loan packages and programs: The range of loan products available is broad and includes fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, jumbo loans, HARP refinance services: mortgage refinancing, cash-out refinancing, new home loans, and reverse mortgages, down payment loans for first time buyers, physicians loans, renovation and construction loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation.

Website Quality, Transparency and Accessibility

PNC’s website for all three subcategories is superior. They are one of the few companies that is upfront about the closing costs: it is very rare that companies will actually explain what is included and how much you will need to close the deal. Finding out what those costs are is very relevant to your eventual financial obligation and more importantly how much upfront money it costs to get the loan. Many companies make money along the loan application process and string you along thinking you will get the loan and get some ugly surprises at closing. The language is accessible in spite of the complexity of the information being communicated.

Digital Tools Save Time and Used Appropriately

The loan process many times boils down to what you can afford both upfront and long term. A good way to check your potential finances is to utilize a monthly payment calculator such as the ones found here. After evaluating your income, assets and employment, you can better assess what amount of loan you can attempt and at what pace. The various qualifications for special rates and down payment deals are well described under each category.

Physicians Loan Home Loans Review

The concept of the Physicians Loan was the brainchild of Bank of America. They started the first program to particularly offer loans with lowered down payment and higher debt to income ratios for graduates of medical school. The idea caught on and now many banks and lending institutions provide special types of loans for physicians and sometimes dentists, veterinarians and other healthcare professionals.

Positive Characteristics of the Physician’s Loan

This type of loan be limited to a new resident, new attending (7-10 years out of residency or less), or dentist only (although some offer loans to veterinarians, optometrists, podiatrists, and even attorneys and many lenders will lend to a doctor at any stage of his career, or even for a second home.They frequently offer lower money down (0-10%) than the usual 20% that a conventional loan requires. They often don’t require the borrower to purchase mortgage insurance and will usually accept a contract for services of evidence of future earnings rather than having to prove a consistent income over 2 years with pay stubs.

Some Requirements for Getting the Physicians Loan

Most banks will require physician clients to open a bank account that mortgage payments are automatically drawn from monthly. The loans are usually for any type of owner occupied property and the interest rate is the same regardless of the size of the loan. Like some other discount loans, Physician Loans often allow the down payment to come in the form of a gift from a family member. They do require a cash reserve or escrow to cover several months of principle, interest taxes and insurance. They need a reasonably good credit score and are usually pretty lenient about the debt to income ratio, since they anticipate a huge future income for these clients.

PHH Mortgage Home Loans Review

PHH Mortgage is a specialized lender who is the underwriter and servicer for lots of loans that are applied for through other loan companies. Their specialization in the mortgage market and inhouse services make them an attractive subcontractor. PHH Mortgage is the 5th largest originator of retail residential mortgages,  the 7th largest originator overall, and the 9th largest mortgage servicer. In 2015, we closed approximately $41 billion in mortgage financing and maintained an average servicing portfolio of approximately 1.1 million loans.

PHH Speaks as if Teenagers are Applying for Loans

The PHH Mortgage website is very reassuring and uses a lot of small words. Although they claim that they will guide you through the process, their descriptions are pretty elementary and not really that detailed. 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. Next they will consider your monthly “Debt to Income” ratio which consists of your total income, minus monthly credit payments and other debts will also be considered.The paperwork you will need to gather will include pay stubs, tax forms and bank statements at minimum. Next, they will place great emphasis on your credit score which they see as representing your willingness to pay back your debts.

Transparency and Accessibility of the Website

Since the language and descriptions are so skeletal, it is hard to accuse PHH of being misleading. It is also hard to give them any credit for letting clients know what the actual cost of the process will be, even just in relation to service charges. For example, their service charge disclosure, “Closing costs: such as an origination fee, attorney’s fee, initial escrow payments and the costs of obtaining title insurance and a survey. Closing costs are typically based on the home price and vary according to location.”

OneTrust Home Loans Review

One Trust is a large company that offers many kinds of financial products, including home loans.  They seem to prefer a mix of professional expertise in the area of home lending as well as some digital tools that help potential borrowers anticipate the process of applying for loans through their company. The range of loan products available is broad and includes fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, jumbo loans, HARP refinance services: mortgage refinancing, cash-out refinancing, new home loans, and reverse mortgages, down payment loans for first time buyers, physicians loans, renovation and construction loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation.

The Support Services and Website Transparency and Accessibility

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. OneTrust describes the loan process in a narrative style under the website section “LoanTown, USA.”  Next they will consider your monthly “Debt to Income” ratio which consists of your total income, minus monthly credit payments and other debts will also be considered.The paperwork you will need to gather will include pay stubs, tax forms and bank statements at minimum. Next, they will place great emphasis on your credit score which they see as representing your willingness to pay back your debts.

OneTrust Provides Basic but Not Complete Information

The costs of the loan as far as fees and service charges are not as clearly described or centered in this company’s description of their services. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application.

Nova Home Loans Review

Nova Home Loans has been providing retail home loans since 1980 in the states of California, Colorado, Arizona and Nevada. At this point they are able to  are able to offer their financial services in 12 states.  In 2001, they expanded their ability to oversee the entire loan process by changing to a mortgage broker and banker.  Loan applications are handled in-house from start to finish – eliminating the need for borrowers to ship and review applications around the country for underwriting, approval and document preparation. This centralization of the process certainly is more efficient, but more importantly the terms and process are more predictable. Also, being able to discuss the details of the process from start to finish with the same party allows the customer to be more aware of the myriad of considerations that go into a home loan.

Nova’s Highly Regarded in the Industry

Nova Home Loans is incredibly well reviewed by professional reviewers like the Better Business Bureau, who assigns Nova with an A+ rating. For customers who care about the quality and integrity of the company they are working with, Nova has a great reputation as a community member and as an employer. As far as their loan offerings go, Nova offers loan options include fixed rates, adjustable rates, jumbo mortgages, FHA loans, VA loans, reverse mortgages, bridge loans, down payment loans renovation and construction loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation.

Trusting Your Lender

A good indication of a company’s trustworthiness is to look at how many cautionary notes they add to their sales pitch. Nova explains under their description of the bridge loan that there are lots of ways that such a plan could go wrong – housing market crashes, interest rates rising or the very real possibility that you will fail to sell your home quickly.

Navy Federal Credit Union Homebuyers Choice Home Loans Review

The Navy Federal Credit Union is an institution that offers financial services to members of the armed services, which include Army, Navy, Marines, Coast Guard, Air Force, veterans and Department of Defense employees and their families. Membership is not guaranteed because you are in the service, it merely makes you eligible to apply for membership. The website specifically says that by applying for membership you allow the credit union to do a credit check. The other standards for membership are not articulated beyond the list of service members who are eligible and the familial relationship required to make membership possible for non-service members.

The Specific Homebuyer’s Choice Home Loan Program

NFCU offers both conforming and jumbo HomeBuyers Choice mortgages. The maximum loan limit for conforming loans is typically $424,100, though the loan limit can vary by state and county. Jumbo loans are for amounts greater than $424,100. Some of the qualities of the program are fixed rate (payments stay the same through term), no down payment options,
no private mortgage Insurance (PMI) or upfront mortgage insurance premium (UMIP) required, which takes a huge chunk out of monthly and annual payments. Jumbo financing available up to $1 million, refinance options available (Note: The maximum loan-to-value ratio for refinances is capped at 97%.) Seller contribution up to 6% allowed, 1.75% Funding fee can be waived for an increase of .375% to the interest rate. Most of the program’s features eliminate both upfront and long-term costs.

Education and Transparency

Their website is very well arranged and organized. The site includes a very detailed information about each of the above loan options. There a several different digital tools created to make it easier to compare loan options. The  Navy Federal Credit Union also includes lots of information and descriptions to educate first time buyers, new customers and those who are unfamiliar with the loan process. Applications are processed online..

New York Municipal Credit Union Home Loans Review (NYMCU)

Credit Unions are different animals than commercial banks or retail mortgage companies. Membership is usually defined by the institution and can be in terms of employment, geographic location, or any other standard the membership agrees to define as a condition for membership. The credit union is owned by the members and run by an elected board. They function as a financial institution very similarly to a regular bank, so the New York Municipal Credit Union offers a broad range of loan options to its members. Conventional – Fixed 10 to 30 year terms, Jumbos – borrow up to one million dollars, High-Balance – higher loan amounts based on high-cost area limits, Fixed home equity loans- Financing for 1 to 4 Family homes, Co-op and Condo loans available, Equity Lines of Credit, Investment Property Loans,

Some Unique Benefits of NYM Credit Union Loans

Some of the special characteristics of the NYMCU is that they charge no pre-payment penalties on our Conventional Loan product, meaning that if the borrower wants to make extra payments on the principle of the loan above and beyond their monthly payment they are not penalized. This allows the borrower to pay down on the principle and decrease the total amount of interest they will pay over the rest of the loan’s life.

The Support Services Available to Members

If you are a New York City employee, contractor with the city or family member of one you are eligible for membership. As a member you would have access to all the services and the very well organized digital application process as well as a Dedicated Mortgage Team to work with you throughout the process. Closings can be scheduled and held at most branch locations. The numerous benefits of credit union membership are too numerous to list, but the mortgages seem to be an excellent deal.

Navy Federal Credit Union Home Loans Review

The Navy Federal Credit Union is an institution that offers financial services to members of the armed services, which include Army, Navy, Marines, Coast Guard, Air Force, veterans and Department of Defense employees and their families. Membership is not guaranteed because you are in the service, it merely makes you eligible to apply for membership. The website specifically says that by applying for membership you allow the credit union to do a credit check. The other standards for membership are not articulated beyond the list of service members who are eligible and the familial relationship required to make membership possible for non-service members.

Range of Loan Services

The Navy Federal Credit Union claims to be the largest credit union in the world. They offer a full range of financial services besides home loans. The options for home loans are a wide array of interest rates and APR’s, time frames and conditions. Their loan options include fixed rates, adjustable rates, jumbo mortgages, FHA loans, VA loans, doctor loan programs and construction to permanent loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation. When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan.

Education and Transparency

Their website is very well arranged and organized. The site includes a very detailed information about each of the above loan options. There a several different digital tools created to make it easier to compare loan options. The  Navy Federal Credit Union also includes lots of information and descriptions to educate first time buyers, new customers and those who are unfamiliar with the loan process. Applications are processed online. The loan process many times boils down to what you can afford. After evaluating your income, assets and employment, your Loan Consultant can give you an idea of the mortgage amount for which you may qualify.

Native American Home Loans Review

The Housing and Urban Development offers Native American Home loans exclusively  to American Indians, Native Alaskans, Native Hawaiians and Federally Recognized Tribes. These loans are similar to other FHA programs, offering low down payment and allows for easier financing. The loan in limited to single-family housing (1-4 units), and fixed-rate loans for 30 years of less. Neither adjustable rate mortgages (ARMs) nor commercial buildings are eligible for Section 184 loans. Maximum loan limits vary by county, so as to reflect regional price differences.

The Native American Home Loan is Extended to Native Americans, not the Land

There is no native land requirement on the loans. There are caps, based on the median price of housing in the region. The program HUD 184 was designed to encourage the purchase and home development on native trust lands, but have special requirements before qualification. In particular, HUD requires very specific information about the status of the land and the tribal lease agreement before approving any loans. All loans on trust land require the borrower to acquire a Trust Status Report, or TSR, from the Bureau of Indian Affairs. This report determines the ownership status of the property and also identifies any liens against the property.

Limitations on Buying Trust Land

The Office of Loan Guarantee within HUD’s Office of Native American Programs’ guarantee assures the lender that its investment will be repaid in full in the event of foreclosure. On Native American trust land, property ownership records are kept by the Bureau of Indian Affairs. In order to get a proper title to the property, you must work through the BIA rather than a regular title company. Obtaining the title report generally takes 30 to 45 days. Depending on the regional BIA office, obtaining the TSR report can take much longer.  The borrower applies for the Section 184 loan with a participating lender, and works with the tribe and Bureau of Indian Affairs if leasing tribal land. The lender then evaluates the necessary loan documentation and submits the loan for approval to HUD’s Office of Loan Guarantee.

Morgan Stanley Private Bank Home Loans Review

Morgan Stanley’s primary service has been to provide financial advice and to make investments for the clients.Morgan Stanley Private Bank, National Association (the Private Bank) offers home loans and refinancing your options for their clients and their client’s family members. They describe their offerings as “a comprehensive suite of residential mortgage products with competitive rates to qualified applicants.”

Range of Financial Products Available

The Morgan Stanley Private Bank loan options range from simple to sophisticated mortgages: fixed rate mortgages, a variety of fully amortizing and interest-only adjustable rate mortgages, a 1-Month Libor adjustable rate mortgage and Home Equity Lines of Credit. The types of properties covered are primary residences, vacation getaways, vineyards or other property types. If the borrower has a previous Morgan Stanley relationship that may help them qualify for access to discounted pricing for the borrower or your immediate family members who might become borrowers.

Some Cautionary Notes and Suggestions for Research

The cautionary disclaimers at the end of the website are worth checking out. Essentially, all residential mortgage loans/home equity lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association. Rates, terms, and programs are subject to change without notice. Residential mortgage loans/home equity lines of credit may not be available in all states; not available in Guam, Puerto Rico and the U.S. Virgin Islands. Other restrictions may apply. The costs of the loan as far as fees and service charges are not as clearly described or centered in this company’s description of their services. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application. Finding out what those costs are is very relevant to your eventual financial obligation and more importantly how much upfront money it costs to get the loan.

Metlife Home Loans Review

Metlife probably lays claim to being one of the oldest home loan institution in the market. Although Metlife is huge in relation to insurance, In large part one of its most reassuring features is the inhouse services and depth of resources they have available.  A MetLife mortgage producer not only originates the loan, he or she underwrites and closes the loans, and then remains the borrower’s primary contact for servicing matters after closing. Hardly any loan company can say that they will deal with your loan entirely inhouse. Unfortunately, in 2015: “MetLife Bank took advantage of the FHA insurance program by knowingly turning a blind eye to mortgage loans that did not meet basic underwriting requirements, and stuck the FHA and taxpayers with the bill when those mortgages defaulted,” said U.S. Attorney John Walsh of the District of Colorado.  “[Metlife’s actions] also contributed to a catastrophic wave of home foreclosures across the country.”

Metlife Up To Date Digital Approval Process

There are lots of degrees of digitalization out there in the home loan market, some new financial services try to digitize all of the process. Some of those companies use that process to get the borrower to agree to either fees or services like appraisals before they really know that the loan is theirs. By contrast, MetLife’s in-depth, up-front due diligence before loan application ensures less process risk. Most of their experience is with commercial and business size loans, but they seem willing to take on retail level loans again.

Can You Trust Metlife?

It is really hard to speculate about how much change has occurred and how secure any of this process can be at this point. The fine that Metlife paid for issuing FHA loans that were destined to go bad was $123 million. Hard to say what kind of scrutiny they are under at this point given their past behavior.

Merrill Lynch Home Loans Review

Merrill Lynch is now a subsidiary of Bank of America and as such they have little wiggle room to tailor home loans beyond the parameters provided by the parent institution. The range of loan products available is broad and includes fixed rate mortgage, adjustable rate mortgage, FHA loans, VA loans, jumbo Loans, HARP refinance services: mortgage refinancing, cash-out refinancing, new home loans, and reverse mortgages.

The Original Loan and In House Servicing

Strangely enough, Merrill Lynch had been contracting out its loan origination and servicing to a company called PHH, but have as of 2016 developed their own inhouse originating and servicing system. In house servicing is usually a good sign that the cost of the loan application process will be lower. Another advantage with in house origination is that all of the people involved in the process are working together as opposed to borrowing across institutions. Their website claims to enjoy flexibility in matching people up with loan options, but Bloomberg describes them as primarily lending to wealthy people. It would be an interesting question to ask your loan counselor at Merrill Lynch how many of their homes loans are made through government programs like FHA.

The Cost of Brokering and Servicing the Loan is Not Clear

The costs of the loan as far as fees and service charges are not as clearly described or centered in this company’s description of their services. Remember, all retail home loan companies charge you for the privilege of their expertise and service in setting up, evaluating and processing the loan application. Finding out what those costs are is very relevant to your eventual financial obligation and more importantly how much upfront money it costs to get the loan. One thing is for sure; if you are already a Bank America customer,  you know what you are getting into with that institution.

Majestic Mortgage Home Loan Review

Majestic Mortgage offers several kinds of mortgage services as a direct retail lender. In addition to the traditional conventional, FHA, VA and USDA loans, construction loans, home equity loans, refinancing and debt consolidation loans based on property ownership. This company seems to appeal to potential homeowners who value efficiency and digital application processes. They offer to lock your interest rate in for the period of application. Rate locks can carry a fee, which varies from lender to lender and depends on how long you want to lock the rate. Rate locks usually range from 30 to 90 days. You may also pay a fee if you extend your rate lock past the initial period (such as your closing date is delayed).

Majestic Mortgage is All About the Pace

Majestic Mortgage is less than 20 years old and seems to emphasize that the whole process can be completed on line.  This company’s terms can look attractive to young folks with a steady income who prefer to apply for the loan without ever leaving their computers. Normally this is a good sign that a company is moving with technology and is no doubt the future of the loan application process. However, there are a few indications that customers should be wary of their products. Appeals to speed and ease tend to ignore details and fees that are part of the process. Majestic hasn’t been around long enough for any of their borrowers to have completed a 30-year mortgage with them.

Website Style

Majestic Mortgage is a young company that is shaped by current digital technology. Their website provides a series of calculators to evaluate your financial situation. There is an APR calculator, a mortgage calculator and a renting calculator that is provided to help potential borrowers decide if they can afford to buy a home..

LendingTree Home Loans Review

LendingTree is a mortgage broker and lending institution – they pitch their product as a tool for comparing loans from “1000 of lenders.” Their website is similar to others that provide a sorting service for customers to compare other lending institution’s products. In other words, they are the Kayak of loans. They handle lots of different types of loans, including auto loans, credit cards, student loans, personal loans, etc. This is a service provided for mortgage seekers and the mortgage lenders. For lenders, it is a chance to bid on potential business, for mortgage seekers they can find out some basic information about which companies might be interested in loaning them the prices of their home.

Value of Information Offered on LendingTree’s Website

LendingTrees website is not designed to learn about the process of buying a home or even the details of what home loans are available.  LendingTree’s website is a place to get some general idea of which companies might be interested in offering a homeowner a loan. It is probably less useful to folks who have good credit scores and long term employment histories. Basically, everyone who sells home loans wants to lend them money to buy a house. The customer version of the site is merely a series of icons that represent different types of loans and amounts. They start broadly, asking what type of loan, what type of property, for how much, and your general credit score; the questions just keep getting more specific.

Resources and Research Available

Although LendingTree is a good first stop for people with credit issues or unique financial situations so they can limit down the number of loan companies that they should look at more specifically. The problem for them when using the site will be that the very limited choices from screen to screen mean that their particular situation will be hard to represent.

Keybank Home Loans Review

Community banking in 15 states, primarily the New England, Ohio, Indiana, Illinois, Alaska and the Northwest. They are specifically emphasizing how much of their business is connected to community building development lending. The website claims that  affordable housing builders can  leverage Key’s broad, fully integrated platform, including solutions such as: construction; acquisition; bridge-to-re-syndication and preservation loans; lines of credit; various permanent loan executions including Fannie Mae, Freddie Mac, FHA/HUD and bond; and equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. In addition, they offer to help assemble innovative and complex financing in partnership with multiple for-profit, nonprofit and government entities.

Keybanks Accessibility and Transparency

Keybank has a long list of areas of commercial activity in which they have an expertise. They are a full service customer bank and offer branch-based deposit and investment products, personal finance services and loans to financial, estate and retirement planning, and asset management services. They offer mortgages, home home equity loans and home improvement homes. The loan process many times boils down to what you can afford both upfront and long term. A good way to check your potential finances is to utilize a monthly payment calculator such as the one found here. After evaluating your income, assets and employment, your Loan Consultant can give you an idea of the mortgage amount for which you may qualify

Know Your Information and Go Prepared

To ensure your loan is truly affordable, a lender will verify your employment and income. Next they will consider your monthly “Debt to Income” ratio which consists of your total income, minus monthly credit payments and other debts will also be considered.The paperwork you will need to gather will include pay stubs, tax forms and bank statements at minimum. Next, they will place great emphasis on your credit score which they see as representing your willingness to pay back your debts.

J.G. Wentworth Home Lending Home Loans Review

You might already be familiar with the television campaign of J.G. Wentworth, who rose to prominence offering upfront payments to people with structured settlements that were designed to be paid out over time. It is not difficult to believe that they have moved into other areas of financial product processing and at this point they are offering home loans. As they enter the real estate market, J.G. Wentworth enjoys an A+ rating from the Better Business Bureau and a 25 year tenure providing financial products to the public. As a direct lender, they are much less tested and the entire housing portion of their portfolio is all done under the Subsidiary J.G. Wentworth home Lending, LLC.

Range of Options are Huge

For a company that has recently started loaning to home buyers,J.G. Wentworth offers many kinds of home loans. The range of loan products available is broad and includes fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, jumbo loans, USDA loans, HARP refinance services: mortgage refinancing, cash-out refinancing, new home loans, and reverse mortgages, down payment loans for first time buyers, physicians loans, renovation and construction loans. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation.

Support Services and Educational Opportunities

The services offered by J.G. Wentworth are pretty thorough. They have loan counselors that will walk the customer through the options and the conditions of each of the types of loans they offer. They also have a Helpful Hints section that helps buyers anticipate the myriad concerns and services they may want to employ like moving services, etc. The Resource Center is full of helpful descriptions and explanations of how the loan application process works and they provide links to articles that can clarify specific parts of the process.They provide calculators that help customers

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