Lennox Mortgage: More than Mortgage

2007-03-08 10:33:40

( Financial )



THAT EXTRA MILE

Lennox mortgage is different from other mortgage products in its high level of personalized service. Lennox mortgage is guided by the philosophy that every client must feel valued and special by going the extra mile, often above and beyond what is expected from a mortgage company.

If you already have a real estate broker your Lennox mortgage officers will work directly with them. If you are still shopping around for property, Lennox mortgage will help you through the process by looking for good deals from their network of realtors that they have worked with in the past. Having been working closely with realtors has enabled Lennox mortgage officers to negotiate in behalf of their borrowers.

TYPES OF LENNOX MORTGAGE

Lennox mortgage comes in several types: fixed rate mortgages, adjustable rate or flexible mortgages, balloon mortgages, HELOC’s, and equity loans. There are also other types of flexible mortgages and services for special circumstances like mortgage for bad credit, first time buyers, and self-certified mortgage programs.

Generally the adjustable rate Lennox mortgage allows for a higher loan amount. So if you are looking to buy a premium piece of property, this may be the mortgage plan for you. The main advantage of the flexible mortgage is that it has lower payment over a shorter period of time. However, it is a riskier type of loan as its interest rates fluctuate depending on market trends. Your low payment amount can increase drastically when market interest rates go up. Of course your payments should decrease when interest rates go down.

The fixed term Lennox mortgage has higher interest rates than adjustable rate mortgages. However the interest rates are constant over the lifespan of the loan, it does not change regardless of the movement in market rates. When market interest rates go down, you have the option to refinance to take advantage of the dip in rates.


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