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VA Loans | No Down Payment | No Closing Costs | VA Streamline Refinance

http://www.cmortgroup.com/LoanPrograms/va-loans

Start a New Loan Application. Resume Your Loan Application. VA Loans - A Great Option for Veterans. A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country. Benefits of VA Loans. You can buy a home with no money down. You can refinance your home up to 100% of the value of your home. You never have to pay PMI (Private Mortgage Insurance). Yes, it is required...

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Conventional Loans | Community Mortgage Group

http://www.cmortgroup.com/conventional-loans

Start a New Loan Application. Resume Your Loan Application. What are Conventional Loans? Most Common Types of Conventional Loans. Your rate and payment never change. 30 Year Fixed Loan. Benefits: Lowest fixed monthly payments. 20 Year Fixed Loan. Benefits: Low fixed monthly payments. 15 Year Fixed Loan. Benefits: Lower rate than the 15 or 20 Year Fixed; Pay less interest and pay your home off more quickly. 10 Year Fixed Loan. Benefits: Lower rate; Pay off your loan and build equity faster. Most conventio...

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Help for Homeowners | Making Home Affordable Refinance Program

http://www.cmortgroup.com/LoanPrograms/help-for-homeowners-harp

Start a New Loan Application. Resume Your Loan Application. Help for Homeowners - HARP - Making Home Affordable Refinance Program. Finally, there is help for homeowners that are underwater on their mortgages:. Do any of these sound like you? The value of my property has fallen. I owe more than my home is worth. I have been turned down for a refinance loan in the past. I am having trouble making my house payments. I have an adjustable rate mortgage. I dont qualify for loan modification. A more stable mort...

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Frequently Asked Mortgage Questions

http://www.cmortgroup.com/frequently-asked-mortgage-questions

Start a New Loan Application. Resume Your Loan Application. Frequently Asked Mortgage Questions. Do you have questions? You will find the answers to several frequently asked mortgage questions below. What is the difference between pre-approval and pre-qualification? When does it make sense to refinance? Calculate the total cost of the refinance. Calculate the monthly savings. Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the hou...A rat...

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Mortgage Terminology | Community Mortgage Group

http://www.cmortgroup.com/mortgage-glossary

Start a New Loan Application. Resume Your Loan Application. A written summary of the title history of a particular piece of real estate. A provision of a mortgage or note which provides that the entire outstanding balance will become due and payable in the event of default. ARM (Adjustable Rate Mortgage). A mortgage in which the interest rate is adjusted periodically, based on the movement of a financial index. APR (Annual Percentage Rate). A short-term loan secured by the equity in an as-yet-unsold hous...

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Loan Process

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Start a New Loan Application. Resume Your Loan Application. Mortgage Programs and Rates. Pre-qualification starts the loan process. Once a lender has gathered information about a borrowers income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for. It is important to remember that there are no rules carved in stone. Each a...

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Home Refinance | Lower My House Payment

http://www.cmortgroup.com/LoanPrograms/RefinanceLoans/refinance-loans

Start a New Loan Application. Resume Your Loan Application. Refinance Loan Center from Community Mortgage Group. Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now might be the right time for you to refinance into a lower rate mortgage. You should take the time to consider the following questions to see if refinancing makes sense for you. Has the time come to save more money every month? NMLS #210265 www&#46...

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Meet Our Team

http://www.cmortgroup.com/meet-our-team

Start a New Loan Application. Resume Your Loan Application. Underwriter/ Sr. Processor. 4 Park Center Drive, Suite 200,. Owings Mills, STATE# 21117. We are licensed to lend in the States of Maryland and Virginia and DC. NMLS #210265 www.nmls.com. Http:/ mortgage.nationwidelicensingsystem.org. Licensed by The Virginia State Corporation Commission as MC-5457. District of Columbia Mortgage Dual Authority License # MLB210265. Designed and powered by Etrafficers, Inc.

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Required Documents for a Mortgage | Community Mortgage Group

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Start a New Loan Application. Resume Your Loan Application. Almost every mortgage lender requires that you provide the following documents in order to obtain a new mortgage loan:. Past two (2) years W-2 statements. Pay Stubs covering the last (30) thirty days. Two most recent monthly bank statements. Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts. Photocopies of any stocks or certificates of deposits. A letter of explanation for any known credit problems. A signed purchase contract.

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Lending Programs offered by Community Mortgage Group

http://www.cmortgroup.com/loan-programs

Start a New Loan Application. Resume Your Loan Application. The following is a partial list of programs offered by Community Mortgage Group with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us. Conventional Fixed Rate Mortgages (FRM). Available terms generally range from 10 years, 15 years, 30 years and 40 years. Adjustable Rate Mortgages (ARM). Homeowners looking to decrease their interest rate may consider refinancing. A refinanc...