Neighborhood Mortgage

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you're a first-time homebuyer. Here's some information that will keep you on track. A home purchase may be your largest financial transaction to date, so it's important to make the right decisions and to keep an eye on the details.

Independent licensed mortgage brokers have had a significant positive impact on the lending industry. Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers. A mortgage broker is an independent real-estate financing professional who specializes in the origination of residential mortgage loans.

Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your lifestyle and saves you money. Throughout the loan-application process, we provide you with regular updates. You can also e-mail us with questions or new information.

The VA, Departments of Veterans Affairs, Home Loan Program has helped more than 18 million veterans and active duty service members achieve home ownership since 1944. After more than 67 years of service, the VA Home Loan Program remains one of the most progressive lending programs in the market.

Because the Department of Veterans Affairs insures up to 25% of each VA home loan, approved vendors like Neighborhood Mortgage have the confidence to provide eligible military members with low interest rates and flexible loan terms.Traditionally, service members who served on active duty for 90 days during wartime or 181 days during peacetime, but more recently a minimum of two years of service have been typical eligibility requirements.

A reverse mortgage is a loan that is secured by the equity in your home. Provided that you are in compliance with the terms of the reverse mortgage, this loan generally does not have to be repaid until you either sell your home or permanently leave your primary residence. The age of the youngest borrower or eligible non-borrowing spouse (All borrowers must be at least 62, a non-borrowing spouse may be under 62).