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American 39 Simon St. 603-
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Consolidation Loans Homeowners who have received consolidation loans from American Heritage Mortgage
have already saved Big Money. Now, as a qualified homeowner, You Can Too! As a qualified homeowner, American HeritageMortgage will arrange to lend you up to $100,000. You can use the money to pay off lingering debts, lower monthly expenses, and put extra Cash in your pocket. Consolidating your current debts into one low monthly payment is Easy! Most programs require no appraisals, and as a qualified homeowner, you can be approved for a loan of up to $100,000, even if you have No Equity. There are Yes-No Up Front Costs associated with your application!
FHA Loan programs: FHA-insured mortgages are in high demand because of the many advantages they hold for homebuyers and refinancers, among them assumability, low down payments and liberal qualifying ratios. Also, FHA borrowers do not have to meet maximum income qualifications, as with many other government programs. Maximum loan amounts, however, are set by region across the country. Low Cash to Close Approximately 97% financingSeller can contribute up to 6% of sales price to help with closing costs and prepaid items without affecting downpayment requirement 100% gift down payment -- relative or employer Up-front Mortgage insurance can be financed No cash reserves required after closing Home Affordability Seller can pay the interest
portion (up to 6%) of the borrower's mortgage payment for a specified number of months in
some states Easy Qualification No cash reserves required
after closing Convenience Speed FHA Adjustable Rate Mortgage (ARM) The FHA ARM combines the low initial interest rate of an adjustable rate mortgage with the low down payment and liberal qualifying ratios of FHA-insured mortgages to produce one of the most affordable loan products at American Heritage. It also offers exceptional interest rate protection with annual and lifetime interest rate caps that are lower than most ARM programs, as well as an extended period before the first rate change (up to 18 months, depending on the closing date). It also offers a lower margin than other ARM programs, which helps to hold down rate changes.Home Affordability And Easy Qualification
Qualify at start rate (qualifying at this lower rate means you can afford a
larger loan) Payment Security First adjustment occurs
16 to 18 months after closing Convenience Speed Special Advantage Assumable with
qualifying
Veteran Mortgage Programs As a benefit to veterans, the Department of Veterans Affairs guarantees repayment of loans made to veterans with no down payment in most cases and liberal qualifying guidelines. This makes it easy for veterans to finance their homes. VA Loan Program fills these needs: Low Cash to Close 100% financing Home Affordability Single qualifying ratio Easy Qualification No cash reserves
required after closing Conventional Loans A fixed rate mortgage may be just what you are looking for if you like the idea of stability. It can be a lot easier to budget your money when you know your mortgage interest rate isn't going to change every year. Plus, American Heritage offers you a lot of options to customize a fixed rate loan to your needs. Need the biggest tax break available? Stick with a 30 year term. Kids headed for college in the next decade or so? Maybe a 15 year term would suit you better. Interested in paying your loan off early -- but as painlessly as possible? Whatever your situation, American Heritage can work with you to make sure you get the perfect loan for your lifestyle! Special Advantages 30 year fixed rate loan provides one of the
largest tax deductions of any loan program
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