|
Loan Type Definitions |
|
|
|
|
|
|
|
Purchases |
|
|
|
BancGROUPTM
Mortgage offers competitive loan products with up to 100%
financing. We can help get you a loan whether you are a
first time home-buyer or if you're simply looking to
purchase your next home. To request more information
please click here. |
|
|
|
Refinance |
|
|
|
This is generally the process of
obtaining a new loan on your home and using the proceeds, to
pay off the entire balance of the underlying loan, and may
include receiving a cash distribution. To request more
information please click here. |
|
|
|
Second Mortgage |
|
|
|
A loan for any purpose that is
secured by your home. This loan allows you to borrow up to
100% of the value of your home or in some cases as much as
125% of the value of your home. To request more
information please click here. |
|
|
|
Debt Consolidation |
|
|
|
A refinance or second mortgage
transaction that allows you to combine various types of debt
into a mortgage. To request more information please
click here. |
|
|
|
|
|
|
|
|
|
I can provide further details on each
type of loan. After reviewing your situation, they can
suggest which might benefit you most. |