Why should I get my mortgage from Enterprise?
Our customers tell us there are two main reasons they come to Enterprise Mortgage for home financing: (1) The fact that we work closely with them to find the right mortgage at the right rate; and (2) The many mortgage plans we have, a result of our relationships with more than 50 major mortgage lenders.
Isn’t it a good idea to shop around for the best rate?
Yes. That’s why so many home buyers come to Enterprise: We have access to mortgage rates and plans from more than 30 lenders, so we do the shopping for you!
What rate can I get?
Mortgage rates depend on many factors – including your down payment and credit history, and whether you choose an ARM or fixed rate loan. Even the Fed’s overall interest rate goals are a factor. Apply now (there’s no obligation), and we’ll get back to you quickly with all the details.
I always thought FHA loans were for people who couldn’t afford anything else, but you seem to think an FHA-insured mortgage could be a good deal for anyone. Why?
The borrower benefits that are built into the FHA loan program – low down payments, easy refinancing and good ARM protections, for example – apply to any borrower. FHA loans indeed can be a good deal for home buyers who perhaps need help with their down payment or whose credit history has a blemish, and that’s important. At Enterprise Mortgage we explore all the options for you, and FHA is one of those options. Click here for more information about FHA mortgages.
What does FHA-insured mean?
Because loans to borrowers with smaller down payments historically have been riskier for banks and other traditional lenders, the FHA (Federal Housing Administration, a part of the U.S. Department of Housing and Urban Development, or HUD) insures those mortgages. Only HUD-approved mortgage companies and lenders can participate in the FHA program. Enterprise Mortgage is HUD-approved – and, in fact, is the #1 FHA loan correspondent in Illinois and #10 in the entire country.
Is a fixed or adjustable rate mortgage better?
That’s something we’ll have to determine together – part of the “We’ll help you find the best mortgage” pledge at Enterprise.
The answer to your question depends on your particular financial situation and how long you plan to live in the house you’re buying. The advantage of a fixed rate mortgage is that your monthly principal and interest payments will not change. The ARM (adjustable rate mortgage) advantage is that monthly payments typically are lower at first, but they can rise.
Can you help me refinance my mortgage?
Of course. In fact, we’ve helped some customers refinance two, three and even four times. |
