Citifinancial Mortgage Co—Offering Solutions For Every Need

2007-03-08 10:33:40

( Financial )



If you are among those considered as subprime borrowers by mortgage bankers, you would fit right into the market served by Citifinancial Mortgage Co. From the time it was established by its parent company in 2000, Citifinancial Mortgage Co. has become one of the top subprime originators, retail producers and servicers in the industry.

You can get information about Citifinancial Mortgage Co. products and services from its retail offices all over the country or its several thousand brokers and correspondent lenders.

Like any mortgage company in the subprime market, Citifinancial Mortgage Co. is primarily geared towards servicing your need for home equity loans, which you can use for home improvement, unforeseen expenses, or perhaps tuition and school expenses. Many think the company’s specialty is providing credit for personal uses or family and household expenses.

Under the lending program of the mortgage company, you can get home equity loans of up to eighty five percent of the value of your home (a bit higher than the usual four-fifths of value) which translates into more money from your home.

If you have trouble coming up with closing costs and fees, Citifinancial Mortgage Co. can arrange to have these included in your loan. You can still find a mortgage product in their product mix even if you have little or no equity built up in your home.

Homeowners like you can also take out unsecured personal loans from the mortgage company. If you’re young and just starting out, you can get personal loans secured only with personal property. But you have to be able to show some established credit (like credit from a store or a gasoline company) and proofs of employment or steady income.

With the personalized approach to lending, Citifinancial Mortgage Co. tries to find solutions to the needs of its subprime borrowers.


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