A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government. Conventional loans are secured by Fannie Mae or Freddie Mac.
The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan.
USDA loans (also known as Rural Development loans) are designed to help low-income borrowers purchase homes in rural areas.
A Reverse Mortgage or “home equity conversion mortgage” allows homeowners to take out some or all of the equity from their home.
A line of credit that uses the borrower’s home as collateral, providing a revolving line of credit that allowing for periodic borrowings and repayments.
Are you current on your mortgage but can’t refinance at a better rate because you owe more on your home than it’s worth? Was your current mortgage started before June 2009? Is your mortgage currently owned by Freddie Mac or Fannie Mae? if you can answer yes to these questions then HARP might be the answer you have been looking for. Call Now (317) 968-9500
To offer additional service to our customers, Meridian Mortgage Solutions has gathered a list of useful websites and information. Please feel free to visit these sites for help with all your home buying needs.
Meridian Mortgage Solutions is a subsidiary of Endeavor Capital, LLC Licensed through the Indiana Department of Finance and Insurance. License #17519 & 17520, NMLS#222524
Endeavor Capital, LLC and its DBA's are not acting on behalf of or at the direction of HUD/FA or the Federal government.
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