If you have followed the financial or political news at all this year you are aware that the housing market has been thrown into turmoil. Lenders are going out of business right and left as well as credit is getting very tight and more difficult to obtain.
The good news is that the FHA fixed rate mortgage remains as the best loan product in the United States today. Many of you may be familiar with FHA as you currently have an FHA mortgage. For those of you who don't who may wish to refinance for any number of reasons such as shortening your term, reducing your interest rate or taking cash out of your home to pay for college, pay off debt or make home improvements - FHA is available to you too.
The advantages of the FHA mortgage are great!
Looking forward to 2008 there are changes planned for the FHA program. However, these changes appear to be very positive for the consumer unlike the changes that are occurring with Conventional lending. We at Tippecanoe Mortgage can't stress enough the importance of calling today to determine if refinancing your mortgage is right for you. Interest rates on FHA loans are as low as we have seen them in several years. Let us evaluate your situation to see if refinancing your FHA mortgage makes sense.
IT IS URGENT THAT YOU ACT NOW!
INTEREST RATES ARE AS LOW AS WE HAVE SEEN THEM IN 5 YEARS!
Your Local Mortgage Services:
Tippecanoe Mortgage, Inc.
Let Us Shop For Your Mortgage!
1221 S. Creasy Lane, Suite J
Lafayette, IN 47905
Office: (765) 446-2930
Toll Free: (800) 630-6695
Fax: (765) 448-6398
Online Mortgage Application: www.GetMortgageIndiana.com
Tippecanoe Mortgage is Your Local Lending Specialists! Helping You Qualify For the Very Best Mortgage Loan for Your Needs at the Lowest Possible Interest Rate & Costs. Tippecanoe Mortgage is a Full Service Mortgage Lender Offering Conventional, FHA, VA, USDA, First-Time Home Buyer, Conforming and Non-Conforming Loans - Plus Our Exclusive Home Loan Programs that Offer Little or Even Zero Down Payment. Currently Serving Greater Lafayette & West Lafayette, Indiana - Tippecanoe County , Purdue University and the rest of Indiana. Let Us Shop For Your Mortgage! www.GetMortgageIndiana.com
There is an old adage that says if you can improve your interest rate by at least two percentage points, then it is a good time to refinance. While that may work as a general rule of thumb, the truth is there are other reasons to refinance:
Lower your interest rate
Securing a lower interest rate is one of the top reasons for refinancing. This can make a big difference in your monthly out-of-pocket costs for housing and save money on financing fees.
Build Equity Faster
If you are in a position to make higher monthly payments due to an increase in salary or other good fortune, you may want to switch from a 30-year loan program into a 15 or 20-year loan structure. This enables you to build equity faster and save a tremendous amount of money on financing fees.
Change your loan program
Many homeowners who start with Adjustable Rate Mortgages desire to move to the stability of a Fixed Rate Mortgage later on down the road. As interest rates fluctuate, making original deals less attractive, people will change their loan programs in order to capitalize on the best rates available. We can provide you with loan comparison charts to find out what you can save with various loan programs.
Credit score has improved
If your credit score has improved as a result of making your mortgage payments on time and in full, you may be in the position to take advantage of your improved credit standing.
We can review your current credit score, the terms of your existing mortgage, and review options for other loan programs that could not only reduce your monthly payment, but also save on interest fees paid over the life of the loan.
Use the equity you have established
A cash-out refinance allows you to tap into the equity you have built up in your home. You may want to pay off revolving credit card accounts, send a child to college, or use the money for home improvements or personal expenses.
Regardless of your reasons for wanting to refinance, our team is interested in helping you make a decision that works best for you.
We will begin by reviewing the terms of your existing mortgage program. It will be important for us to know the purpose of the refinance and how long you plan to stay in the home. This helps us to determine whether or not it is beneficial for you to pay points up front to secure a lower interest rate on your new financing.
Throughout the process, we will present you with spreadsheets outlining various loan programs, and continue to monitor rates in order to inform you of the best time to refinance.
Your Local Mortgage Services:
Tippecanoe Mortgage, Inc.
Let Us Shop For Your Mortgage!
1221 S. Creasy Lane, Suite J
Lafayette, IN 47905
Office: (765) 446-2930
Toll Free: (800) 630-6695
Fax: (765) 448-6398
Online Mortgage Application: www.GetMortgageIndiana.com
Tippecanoe Mortgage is Your Local Lending Specialists! Helping You Qualify For the Very Best Mortgage Loan for Your Needs at the Lowest Possible Interest Rate & Costs. Tippecanoe Mortgage is a Full Service Mortgage Lender Offering Conventional, FHA, VA, USDA, First-Time Home Buyer, Conforming and Non-Conforming Loans - Plus Our Exclusive Home Loan Programs that Offer Little or Even Zero Down Payment. Currently Serving Greater Lafayette & West Lafayette, Indiana - Tippecanoe County , Purdue University and the rest of Indiana. Let Us Shop For Your Mortgage! www.GetMortgageIndiana.com
Welcome To Our New Indiana Mortgage Blog!!!
We want to thank you for taking the time to visit our blog, where we plan to provide plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage. We are Mortgage Brokers serving Greater Lafayette & West Lafayette, Indiana - Tippecanoe County, Purdue University and the rest of Indiana.
We specialize in Helping Buyers Obtain a Mortgage Loan With Very Little Or NO Money Down With Attractive Interest Rates. We offer our expertise to Move-up Buyers, First Time Home Buyers, Self Employed Buyers and Buyers who have had a Bankruptcy or other Credit Challenges. We've helped Hundreds of individuals and families get into the home of their dreams and we would love the opportunity to do the same for you!
Your Local Mortgage Services:
Tippecanoe Mortgage, Inc.
Let Us Shop For Your Mortgage!
1221 S. Creasy Lane, Suite J
Lafayette, IN 47905
Office: (765) 446-2930
Toll Free: (800) 630-6695
Fax: (765) 448-6398
Online Mortgage Application: www.GetMortgageIndiana.com
Tippecanoe Mortgage is Your Local Lending Specialists! Helping You Qualify For the Very Best Mortgage Loan for Your Needs at the Lowest Possible Interest Rate & Costs. Tippecanoe Mortgage is a Full Service Mortgage Lender Offering Conventional, FHA, VA, USDA, First-Time Home Buyer, Conforming and Non-Conforming Loans - Plus Our Exclusive Home Loan Programs that Offer Little or Even Zero Down Payment. Currently Serving Greater Lafayette & West Lafayette, Indiana - Tippecanoe County , Purdue University and the rest of Indiana. Let Us Shop For Your Mortgage! www.GetMortgageIndiana.com
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Indiana Mortgage Specialists! Conventional, FHA, VA, USDA, Government Loans, 100%, Refinance and more! FREE Quotes & Home Loan Pre-approvals. Let Us Shop For Your Mortgage! www.GetMortgageIndiana.com
Our Vision ~ Our Mission
Tippecanoe Mortgage was established in late 1998 by David and Kim Mennen, and has become one of the leading mortgage banking firms in the Greater Lafayette & West Lafayette, Indiana area. We have consistently been the #1 FHA Lender in Tippecanoe County - 2003, 2004, 2005, 2006 and 2007!
Our Mission is to create clients for life by consistently exceeding the expectations of our clients. We strive to provide “WOW” service. In pursuit of this goal, we are currently implementing a state-of-the art loan origination system. Tippecanoe Mortgage uses technology to improve your loan experience.
A Better Way To Get A Home Loan
When you finance through Tippecanoe Mortgage, there are no surprises at closing because we provide you with pre-qualification advise, ongoing assistance and follow-up support. Working together with banks, real estate agents, escrow agents, and homebuyers, Tippecanoe Mortgage has developed a sterling reputation for dependability, honesty and consistently successful performance. You can trust that this expertise will result in the best mortgage for your home.
You Find Your Home…Let Tippecanoe Mortgage Find Your Loan
One call to Tippecanoe Mortgage puts you in touch with over 100 lending institutions. Tippecanoe Mortgage can find the right financial products and services to suit any home buying situation. Our careful choice of lenders and loan options ensures you a competitive rate. Tippecanoe Mortgage is a local company with a national reach ~ a powerful combination that means the best loan for each homebuyer.
Online Loan Approval
Applying for a home loan online with Tippecanoe Mortgage has never been easier by logging onto www.GetMortgageIndiana.com. This automated system allows you to complete the application process quickly and receive an answer within 24 hours! By gaining pre-approval prior to looking for a home, you will save time, energy and money. Tippecanoe Mortgage is raising the standard for online service in the mortgage industry.
Rate Watch
Our rate watch program will automatically send you an email message when your target refinance rate is equal to or greater than the current rate. Each day, we shop interest rates and discount points with dozens of lenders online. For all preferred clients, Tippecanoe Mortgage monitors interest rates for refinancing options for the life of the loan.
Æ Save Money ~ Select From The Lowest Rates
Understanding home finance, and finding the best mortgage, can be complicated. Finding someone competent, who can guide you through the process and remain objective, is a challenge. Interest rates fluctuate, sometimes on a daily basis, and positioning of lenders in the marketplace also changes. Look over media advertising carefully. Lenders will generally quote low up front when rate are published for the public. The hazards of advertised rates are camouflaged costs and/or surprise endings.
Æ Personal Service From Your Own Loan Consultant
Our Lending network and experienced advice will help you find the right financial products and services to suite your home-financing situation. Our careful choice of lenders and loan options ensures you a competitive rate. With most of the leading national lenders offering mortgages through Tippecanoe Mortgage you will always find a low rate loan that meets your needs. Our incentive is to help you find the right home loan, so that you will recommend us to your friends and family.
Æ Conveniently Compare Dozens of Lenders
Each day, we shop interest rates and discount points with dozens of lenders online. This ensures that we are able to offer you the best overall price on a large variety of products with numerous lenders. Tippecanoe Mortgage lending network makes comparison-shopping easy. Not only can you skip checking rates with multiple banks and mortgage companies, but we will help you select, from among thousands of mortgages, the one that is right for you.
Æ Tippecanoe Mortgage Approved Lenders
We are approved with more than 100 lenders nationwide.
Æ The Bottom Line Is That We Save Our Clients Money
You are welcome to shop other direct lenders. If you can find a direct lender who will provide you with a Good Faith Estimate, Lock Commitment, and a signed Loan Approval Letter showing a lower cost, we will refund 110% of the difference at closing. It is simple: Tippecanoe Mortgage will always be able to beat the prices offered by any Bank or Savings and Loan.
"I really didn't think that it was possible, but you said you could do it. I really didn't believe you, but you proved it! I have never been so happy to be wrong! I can't tell you how much we appreciate all that you have done for our family." -Deana Bolton
"The entire staff was friendly, helpful and a pleasure to do business with. Everyone went out of their way to process my loan in a timely manner" -Sharon Tres
"We would like to thank your entire team for the great service that you provided during our first home purchase. Due to your outstanding job, we were able to close on our new home with no problems." -Patricia Greer
"David, we wanted to thank you for everything that you did to help us get the home of our choice. Thank you also for taking the time to go that extra mile on getting approval. We are enjoying the house greatly. Thank you again." -Melissa, Carissa & Jeremy
"I really appreciated the assistance in obtaining my mortgage and your creativity in financing options." -Pat Johnson
"I was declined by three other companies. We were very pleased that David was able to get the loan approved. Thanks David. We appreciate it, and look forward to recommending our friends!" -Ravi KC
"Great team work! Thanks a lot! You were tremendously helpful and pleasant to deal with. Our experience with Tippecanoe Mortgage was superb." -Linsey McGuire
"I have had the privilege to do business for the third time with Tippecanoe Mortgage and every time Casey Shipley was fabulous at her service to me. She is always polite and courteous. Thank you for such wonderful service!" -Mark McClain
"Very friendly staff. You were the ones I enjoyed working with the most in the home-buying process." -Alyssa Gillum
"David and Amy (loan processor) were a pleasure to work with." -Justin Stephenson
"Dave, Thanks for everything!" -Connie and Mike Becker
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