Liberty Financial Mortgage

By: EconomyWatch   Date: 27 October 2010

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Liberty Financial Mortgage is a mortgage financing company which believes in providing low rate mortgage loans by utilizing the technology of the mortgage origination . It tries to provide high quality mortgage services in mortgage processing, underwriting of mortgages, funding and closing of loan.
Liberty Financial Mortgage's total customer focus has led it to offer the following services:-

Advanced Mortgage processing software
Internet
Refinance Mortgage Calculator
Debt Consolidation Mortgage Calculator
Automated Mortgage Underwriting system
Mortgage facilities are uniquely designed


Liberty Financial Mortgage offers a wide variety of products which includes :-

1. Purchase

Liberty Financial Mortgage offers:-

Availability of all types of Mortgage Programs for financing home purchase
Online Application facility
Availability of online application for pre approval of loans
Lower rates
Guidance and Advice from an Experienced Loan Professional
Pre-qualification calculator.
Buy vs Rent Calculator.
Comparative calculator Of Owning a home versus cost of renting.

2. Refinance

Refinancing completely replaces the existing mortgage. In majority of cases, the new mortgage company pays off the existing mortgage of a debtor for a reduced rate and a new mortgage is then drawn up. In this way the interest rate scales down and consequently the payment gets slashed down.

Advantages of Refinancing includes :-

Mortgage rate and interest costs can be reduced.
Cash can be availed for various needs of the family.
First and second mortgages can be consolidated into a lower rate mortgage.
Facility of converting an adjustable rate mortgage to a fixed-rate mortgage.

Refinancing facilities offered by Liberty Finance Mortgage:

Availability of all types of Mortgage Programs for refinancing
Online Application facility
Lower rates
Guidance and Advice from an Experienced Loan Professional
Availability of online application for pre approval of loans

3. Home Equity Loans Liberty Financial mortgage offers a unique Home Equity Line of Credit (HELOC).HELCO is like a credit card through one could borrow money up to his credit limit. A interest would be charged on the borrowed amount only. One could pay the balance and use the card again.Liberty Financial mortgage gives the facility of drawing money out for 5 to 10 years and then the loan could be refunded over a period of 10 to 15 years. HELCO is under the provision of 100% tax deduction.

HELCO can be used for the following purposes:-

Remodeling of the house
Consolidation of bills
For vacation purposes
Financing of tuition or other purposes
Buying a car, boat, etc.
For emergency purposes

4. Home Equity Fixed Rate LoanHome equity fixed rate loans of Liberty Financial mortgage provide :-
Variety of amortization periods (i.e., length of time for paying the loan back)
People having less-than-perfect credit, can have wide range of choices
Rates are fixed
Interest rate paid may be under the provision of tax-deduction


5.Payment Option ARM Loan Program

Characteristic features of Payment Option ARM Loan Program includes :-

Initial monthly payment is very low
For the first 5 years, monthly payment increases each year.
Amortized Payment for 15 years
Amortized Payment for 30 years
Amortized Payment for 40 years
Qualifying rates are very low


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