Will Worthington’s special Mortgage Team at TMM and New South Mortgage offers a variety of mortgage loans to meet your needs. Listed below are some of the loan programs offered that may interest you:
- Fixed Rate, Fixed Term, Conventional Mortgage loans, 10, 15, 20, 25, 30 years. Max. Loan $417,000. Rate and term never change for the life of loan
- Adjustable Rate Mortgages, 5/1, 7/1 Libor Initial rate is fixed for either 5 or 7 years, based on a 30 year amortization. After the initial fixed period, rate adjusts annually up or down, based on the Libor index plus a margin. Has max adjustable caps.
- FHA and VA Insured Mortgages. Max loan varies depending on the Metro Statistical Area (MSA) where the property is located.
- Construction Loans – We provide the permanent take out and one of our select bank partners provides the interim construction financing. Call us before you start!
- JUMBO Mortgages – for loans greater than $417,000. Call for details but, YES, we have them.
- Condos – whether a second home, rental, or for the college bound student …
- Home Equity Conversion Mortgage (HECM) commonly referred to as a Reverse Mortgage. Available to seniors over the age of 62. Insured by FHA. Extinguish your current mortgage to eliminate any current house payments.Proceeds can be used to:
- Purchase a new home
- Provide a monthly, tax-free, income
- Line of Credit for emergencies and home improvements
- Lump sum payment
- Combination of any of the above
Loans Made Easy
Looking for a conventional mortgage loan or a specialty mortgage loan doesn’t have to be complicated. The experienced team at New South Mortgage makes the process easy for you. Call today at 1-800-288-5851!
Minimal income and credit documentation with details are required to tailor to the individual need upon request.