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Top 10 US companies for Mortgage Refinance
Top 10 US companies for Mortgage Refinance
Home mortgage refinance services have definitely picked up in the second quarter of 2009. The increase in mortgage refinance operations account for an increase of 24 percent compared to the previous quarter performance.
While the economic meltdown did wash away even some of the giants in the industry, only a few able to stand the storm and rise again. Very low interest rates and home mortgage lending and refinancing spree has given rise to the increase in the number of loan disbursements.
Are you really interested in knowing the top 10 performers during the second quarter of 2009? Well, then here is a list of US Companies that have fared well in the business of mortgage loans and refinancing.
Top 10 US companies for Mortgage Refinance
* Well Fargo – Sustaining its position as one of the countries leading mortgage lender Wells Fargo tops the list of best mortgage refinance companies in the US. Home loan originations have seen a substantial rise in the second quarter of 2009 of 28%, which means big business. The company has definitely picked up from its previous performances.
* Citigroup – After all the drama and climax, finally Citigroup started recovering with substantial business and a fairly increased production of home loans and refinances. 42% increase in business during the second quarter is a positive note.
* Bank of America Finding a place in top 10 list of mortgage refinance lenders Bank of America a definite performer in the mortgage business. Its loan origination figures have crossed $100 billion.
* Residential Capital LLC Residential capital is a real estate finance company offering innovative capital solutions to customers from across the world. The company is a market leader both in the US and UK.
* Met Life Inc The Company has operations in India and most parts of Europe and Asia. Together with insurance services the company also offers financial services to its customers.
* Quicken Loans A variety of home mortgage loans are offered by the company. It is one of the best online home mortgage loan processing company and retail mortgage lender.
* Sun Trust Bank Inc – It specializes in a number of services like banking, mortgage lending, credit card, mutual funds, insurance and asset management services. The bank has more than 1500 branches in southern United States.
* Flagstar Bank Corp Consumer financing, mortgage financing, asset management and banking services are the products offered by Flagstar. It is the holding company for Flagstar Bank. It is a national leader in the business of mortgage lending.
* JP Morgan One of the oldest financial services company, JP Morgan offers a number of services namely commercial banking, investment, card and retail financial services namely mortgage lending and auto finance. It has the largest market capitalization among the banks in the US.
* US Bank Home Mortgage US bank specializes in online banking, credit card processing, loans especially mortgage loans and wealth management. Online home mortgage processing and refinancing services offers great advantage prospective borrowers looking forward to find the best of home mortgage deals.
* PHH Mortgage- PHH offers one of the leading and best of Mortgage Solutions in the country. With its process efficiency, multi channel business, customer service it offers mortgage loan and refinancing services at a different level altogether.
Long Term Loans: An Worthy Option for Acquiring Finance
Finance management is a great problem for all people in all ages. Sometimes they need large amount of money which has been necessitated for building up or renovation or just purchasing ones own home. Huge sum is also required for investment in business and even celebration of marriage. It is always not easy to get this money. Still at present conditions in the finance market are different as money is available on loans and for large sum of money securing long term loans is wiser as the borrower can repay the money for a long stretch of time.
In general borrowers or people who need borrowing are not in equal position financially. Some of them own property of worth, property like own home. But most of them do not have any such thing. In the finance market it is a feature that they divide the long term loans or almost every kind of loans in two variants of which one is secured form and another is unsecured form.
People who have property of worth are eligible for long term loans in secured form as their home or other property may be pledged to be collateral in such case. The lenders are satisfied as this acts as guarantee and sometimes it happens that a few lenders acquire ownership of the property pledged by the borrower in case he fails to pay back the loan in stipulated period. Despite this being said, the borrower in secured form can get a very good amount as loan which ranges from $ 5,000 to 75,000. He gets two more benefits: one) he can repay the borrowed sum during 5 to 25 years which is a long stretch of time; second) he will have to pay interest at lower rate.
On the other hand, lenders are a bit strict while giving money to persons who are to choose the unsecured form. In this case amount of money is sufficiently less and this is between $ 5000 and $25,000 and repayment tenure is between 1 and 10 years only. In addition to the above, they charge interest at higher rate.
One can avail the long term loan with fewer problems. People with bad credit history are also eligible for long term loans. For learning all about long term loans one may read and study huge materials nicely displayed in several web sites on the internet. They can choose one of the options rightly suitable for them after a comparative study of rate of interest and of other terms and conditions.