Loan Sale Going on Now until May 31!
http://www.spencersavings.com/54443.html
Loan Amounts up to $2 million without increased rates or fees.
Stated income verified/full asset verified programs available.
No income/No asset (NINA) available.
Refunded application Fee at closing.
Special programs to assist low to moderate income borrowers.
75 day lock period available.
Investment rates available.
Sunday, April 30, 2006
Spencer Closing Assistance for a Mortgage
Spencer makes it easy to close on your home
This unique mortgage program helps to assist you with the added costs associated with the mortgage closing process. Spencer makes this program available for those taking advantage of the following Spencer mortgages: HomeEnhancer, First-Time Homebuyer, HomeHelper, 10 Yr. and 15 Yr. Fixed, as well as all ARM mortgage products.
Features include:
• No application fee
• $500 minimum - $10,000 maximum
• 1 Yr. minimum - 10 Yrs. maximum
• Household income limitations apply
• This program is only available in Bergen, Essex, Morris, Passaic and Union counties
Services and products offered, as reflected on this Web site, may be changed from time to time without notice.
This unique mortgage program helps to assist you with the added costs associated with the mortgage closing process. Spencer makes this program available for those taking advantage of the following Spencer mortgages: HomeEnhancer, First-Time Homebuyer, HomeHelper, 10 Yr. and 15 Yr. Fixed, as well as all ARM mortgage products.
Features include:
• No application fee
• $500 minimum - $10,000 maximum
• 1 Yr. minimum - 10 Yrs. maximum
• Household income limitations apply
• This program is only available in Bergen, Essex, Morris, Passaic and Union counties
Services and products offered, as reflected on this Web site, may be changed from time to time without notice.
Spencer Home Enhancer Mortgage
Turn your home into a dream home
If the home you want to buy needs repairs or remodeling, this special loan program can turn your dreams into reality. It is ideal for people who are seeking a first mortgage that combines purchase and rehabilitation, or if you want to improve your existing home.
Features include:
- Borrow up to 30% of "improved" value
- No income limitations
- Applies to 1-4 family, owner-occupied (includes second homes) and investment properties only; no condominiums
If the home you want to buy needs repairs or remodeling, this special loan program can turn your dreams into reality. It is ideal for people who are seeking a first mortgage that combines purchase and rehabilitation, or if you want to improve your existing home.
Features include:
- Borrow up to 30% of "improved" value
- No income limitations
- Applies to 1-4 family, owner-occupied (includes second homes) and investment properties only; no condominiums
Spencer Home Helper Mortgage
Renting was never part of the American dream
More families than ever before can afford to purchase their own home, thanks to our HomeHelper loan program. Aimed at helping modest income buyers obtain a mortgage, our terms are comfortable enough to achieve the dream of home ownership. This program is also available for refinance mortgages in Bergen, Essex, Morris, Passaic and Union Counties.
Features include:
• Lower down payments (as little as 5%)
• Discounted interest rates
• Discounted application fee
• Relaxed qualifying standards
• Zero points
• Limited Private Mortgage Insurance (PMI) requirements
• Household income limitations apply
More families than ever before can afford to purchase their own home, thanks to our HomeHelper loan program. Aimed at helping modest income buyers obtain a mortgage, our terms are comfortable enough to achieve the dream of home ownership. This program is also available for refinance mortgages in Bergen, Essex, Morris, Passaic and Union Counties.
Features include:
• Lower down payments (as little as 5%)
• Discounted interest rates
• Discounted application fee
• Relaxed qualifying standards
• Zero points
• Limited Private Mortgage Insurance (PMI) requirements
• Household income limitations apply
Spencer Home Helper Mortgage
Renting was never part of the American dream
More families than ever before can afford to purchase their own home, thanks to our HomeHelper loan program. Aimed at helping modest income buyers obtain a mortgage, our terms are comfortable enough to achieve the dream of home ownership. This program is also available for refinance mortgages in Bergen, Essex, Morris, Passaic and Union Counties.
Features include:
• Lower down payments (as little as 5%)
• Discounted interest rates
• Discounted application fee
• Relaxed qualifying standards
• Zero points
• Limited Private Mortgage Insurance (PMI) requirements
• Household income limitations apply
More families than ever before can afford to purchase their own home, thanks to our HomeHelper loan program. Aimed at helping modest income buyers obtain a mortgage, our terms are comfortable enough to achieve the dream of home ownership. This program is also available for refinance mortgages in Bergen, Essex, Morris, Passaic and Union Counties.
Features include:
• Lower down payments (as little as 5%)
• Discounted interest rates
• Discounted application fee
• Relaxed qualifying standards
• Zero points
• Limited Private Mortgage Insurance (PMI) requirements
• Household income limitations apply
First Time Home Buyer Mortgage
Get a great rate, not a lease !!
Get a Spencer "First-time Homebuyer Mortgage" with low monthly payments and see how much better it is to own than to rent.
This loan makes it possible for first-time homebuyers to own a home with affordable monthly mortgage payments.
Features include:
- Lower down payments (as little as 5%)
- Discounted application fee
- Relaxed qualifying standards
- Zero points
- Limited Private Mortgage Insurance (PMI) requirements
- Household income limitations apply
- Only available to first-time homebuyers in Bergen, Essex, Morris, Passaic and Union Counties
Get a Spencer "First-time Homebuyer Mortgage" with low monthly payments and see how much better it is to own than to rent.
This loan makes it possible for first-time homebuyers to own a home with affordable monthly mortgage payments.
Features include:
- Lower down payments (as little as 5%)
- Discounted application fee
- Relaxed qualifying standards
- Zero points
- Limited Private Mortgage Insurance (PMI) requirements
- Household income limitations apply
- Only available to first-time homebuyers in Bergen, Essex, Morris, Passaic and Union Counties
Stated Income/Asset Mortgage
Spencer understands your needs if you are self-employed or have a complicated income structure
This loan is for borrowers with complicated income structures, which allows them to borrow up to 75% of the purchase price without submitting income documentation. A variety of fixed and adjustable rate programs are available to borrowers that meet asset, credit, and down payment requirements. This program is also available for investment properties.
This loan is for borrowers with complicated income structures, which allows them to borrow up to 75% of the purchase price without submitting income documentation. A variety of fixed and adjustable rate programs are available to borrowers that meet asset, credit, and down payment requirements. This program is also available for investment properties.
Spencer’s Jumbo Preferred Mortgages
A Mortgage for borrowers with more debt
If you are purchasing a home and are carrying a bit of debt, Spencer's Jumbo Preferred Mortgage program might be able to get you your dream home.
A Jumbo Preferred Mortgage is a great choice for customers borrowing more than $300,000 to purchase or refinance their home. A variety of fixed and adjustable loan programs are available to borrowers who meet eligibility requirements.
If you are purchasing a home and are carrying a bit of debt, Spencer's Jumbo Preferred Mortgage program might be able to get you your dream home.
A Jumbo Preferred Mortgage is a great choice for customers borrowing more than $300,000 to purchase or refinance their home. A variety of fixed and adjustable loan programs are available to borrowers who meet eligibility requirements.
Balloon Mortgage
Low monthly payments, short terms and big savings
If you plan on selling your home in less than 5 years, then a Spencer balloon mortgage will give you the financing you need and very low monthly payments.
Borrowers only pay part of the loan over a specified period of time, with the balance due in a lump sum at the end of the balloon term.
If you plan on selling your home in less than 5 years, then a Spencer balloon mortgage will give you the financing you need and very low monthly payments.
Borrowers only pay part of the loan over a specified period of time, with the balance due in a lump sum at the end of the balloon term.
Adjustable Rate Mortgages
Enjoy low monthly payments with a Spencer adjustable rate mortgage (ARM)
A Spencer ARM is ideal when you only plan on keeping your home for 3 to 10 years or when you'd rather pay less now but expect your income to increase in future years.
ARMs usually start out with a lower interest rate than fixed rate mortgages and remain constant for a specified amount of time. After the initial period, the rate is adjusted for a specific period of time, and can go up or down according to the index, margin and adjustment period/lifetime caps stated. ARMs are usually a good choice when you only expect to keep the home for a short time (three to ten years) or when you would rather
A Spencer ARM is ideal when you only plan on keeping your home for 3 to 10 years or when you'd rather pay less now but expect your income to increase in future years.
ARMs usually start out with a lower interest rate than fixed rate mortgages and remain constant for a specified amount of time. After the initial period, the rate is adjusted for a specific period of time, and can go up or down according to the index, margin and adjustment period/lifetime caps stated. ARMs are usually a good choice when you only expect to keep the home for a short time (three to ten years) or when you would rather
Fixed Rate Mortgages
Lock into a great fixed rate with Spencer
If you plan on owning your home for a while, then you should lock into a great rate with Spencer. Our fixed rate mortgages are structured so interest rates and monthly payments are fixed for the life of the loan. You'll have the security of knowing that your interest and monthly payments will always be the same.
With a Spencer fixed-rate mortgage, you have two options for saving. You can lock into a long term and have lower monthly payments, or you could lock into a shorter term and save thousands of dollars in interest because your loan will be paid off faster. The choice is yours, but either way, you'll save money with Spencer.
If you plan on owning your home for a while, then you should lock into a great rate with Spencer. Our fixed rate mortgages are structured so interest rates and monthly payments are fixed for the life of the loan. You'll have the security of knowing that your interest and monthly payments will always be the same.
With a Spencer fixed-rate mortgage, you have two options for saving. You can lock into a long term and have lower monthly payments, or you could lock into a shorter term and save thousands of dollars in interest because your loan will be paid off faster. The choice is yours, but either way, you'll save money with Spencer.
Saturday, April 15, 2006
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