What can you save from Interactive Mortgage
Interactive Mortgage is a company that offers loans to home buyers. While the company’s website does not have a detailed overview of the loan programs they offer, it has tools to assist prospective homebuyers. Customers can apply for a mortgage directly on the website, where they can submit their personal information, employment details, and expenses. Once they have completed the application, the website connects them with loan officers.
Rates
Mortgage rates vary widely from day to day, and can be affected by several factors, including your credit score, debt, and income. You should shop around for rates from three or more lenders, as these may differ significantly. Using the interactive mortgage rates comparison can help you to determine the best mortgage rate. Keep in mind that lenders can charge different fees, including loan origination fees, so it is important to shop around before making a decision.
Mortgage rates are based on data collected by the Federal Financial Institutions Examination Council, an agency within the Federal Reserve Board. The FFIEC’s mortgage-rate tables are based on a number of variables, including loan-to-value, debt-to-income, loan amount, and loan program. Mortgage rates are also adjusted for costs, such as the average cost of closing a mortgage. A cost-adjusted rate takes this into account, and can affect the amount of interest you pay for a home loan.
While the rates listed on Interactive Mortgage are low, it is still important to shop around to find the lowest possible rate. These rates are only available for borrowers who are purchasing their primary residence. Since the mortgages are subject to standard assumptions, they may not be suitable for everyone. Interactive Mortgage has a 4.91-star rating on Zillow and nearly 300 customer reviews.
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Fees
Interactive Mortgage’s website isn’t a loan comparison site, but it does have the key elements for prospective homebuyers. For one thing, it offers a direct application form for a mortgage. Users can enter information about their employment and personal details and then be connected with a loan officer. It also offers a no-frills refinance for existing homeowners. However, it does not appear to offer any adjustable rate mortgages.
Interactive Mortgage is an online mortgage lender and operates in six states across the US. They offer conventional and FHA mortgages. They also finance manufactured homes and multi-family properties. The maximum loan amount is $822,375, but that number varies by type of mortgage. In addition, borrowers can pay a prepayment fee if they plan to pay off the loan early.
Time
With the Interactive Mortgage app, you can do everything from applying for a mortgage online to checking on the status of your loan. You can submit your personal information and bank statements online, and even sign disclosures electronically. The app is powered by Ellie Mae and ICE Mortgage Technology, and it has many features for prospective homebuyers to save time. You can also message loan officers to ask questions. Interactive Mortgage’s website claims that the average refinance takes just 30 days.
The company claims to offer low mortgage rates, and it encourages prospective borrowers to contact them. The company also offers to cover closing costs, escrow and title fees, and appraisal fees. While this seems like a great deal, this option doesn’t really suit the needs of home buyers or people who are seeking complex refinance scenarios.
Money
If you’re looking for a discount mortgage lender, Interactive Mortgage is a great option. The company specializes in no-frills loans for individuals with good credit and an established home. They also offer refinancing options for existing homeowners. Interactive Mortgage offers fixed-rate mortgages with 30-year and 15-year terms. It doesn’t appear to offer ARMs.
The lender’s fees and interest rates vary, so it’s important to shop around to find the best rate. Interactive Mortgage’s website is easy to navigate and offers various tools to prospective homebuyers. Applicants can apply directly through the site. The process involves providing personal information and employment details. They can also communicate with loan officers through the website.
Interactive Mortgage has several branches across the US. They’re licensed in California, Nevada, Arizona, Texas, and Colorado. There are three branch offices in California, Nevada, and Arizona. Their 15-year fixed-rate mortgage is 1.99%. They also offer free appraisals. Regardless of the state you live in, you’re sure to find a competitive interest rate from Interactive Mortgage.
Interactive Mortgage – Final Thoughts
Interactive Mortgage is an online mortgage lender based in Orange, California. They originate mortgages in six states and have branch offices in three more. They offer several loan types, including conventional loans and FHA loans. They also have a home value estimator that helps customers get a fair idea of the value of their home.
You can save money on mortgage closing costs by using Interactive Mortgage. They offer an online application process, but unfortunately, there’s no mobile application available. You can also save a lot of money by putting down more than the advertised interest rate. A good rule of thumb is to pay a minimum of 36% of your gross monthly income. If you can afford it, you can save even more with an FHA loan.
