Citi Mortgage is a national home mortgage lending tvrtke.Pozajmljivanje unit of Citigroup, the company offers mortgages for first time buyers, individuals in need of refinancing, and seniors interested in tapping the equity in their homes.
, based in St. Louis, Missouri, holdings of mortgage offers several mortgage loan products for borrowers looking forward to buying their first homes and for existing homeowners need to refinance their homes.
two major holdings of mortgage products are fixed rate mortgages adjustable rate mortgage i. Fixed rate mortgage offers a fixed rate of interest from the beginning to the end of the loan term. Terms of the loan of this type of mortgage product range 10-40 years.
Adjustable Rate Mortgage (ARM) usually has a lower interest rate to set the initial period. When a period is over, the mortgage loan is returned to the company standard variable mortgage rate. This means that your monthly payments and will vary with changes in mortgage rates on the market. Available initial interest rate period for the ARM are:. 6 months, 1 year, 3 years, 5 years, 7 years and 10 years
interest only loan is also available from the mortgage company. With interest-only loan program, the borrower shall pay interest only loan each month.
Other products are designed to help future and existing home include: construction and renovation loans, refinance loans, equity loans, FHA and VA loans. FHA and VA loans are low cost loans, and require little or no down payment.
application for a loan can be done online, by phone and in person. When applying online, make sure that the server you are using is secure. If your loan is approved, the mortgage company will UPS your conditions and other documents that you must sign and send back to the construction mortgage.