Glen Mortgage Corp.

Home

Products

About Us

FAQ

Conforming & Jumbo Loans: 30 & 15 year fixed plus other loan types to match your financial profile and objectives. Loans such as the 10/1, 7/1 or 5/1 ARM's that are fixed for a period of time then become 1 year adjustable mortgages. The benefit is saving up to 1% or more in rate. First Time Homebuyer: Loans up to 97% LTV and special qualification for two to four family homes (permits the borrower to qualify with less income.). NIC/NAC: We have a complete line of No Income Check and No Asset Check loans up to 95% financing. NIC with asset Verification: No Income Check with asset verification lowers the interest rate. The savings can be as much as 1% over the NIC/NAC product for mortgages with a Loan To Value of 75% i.e. $75,000 loan for a $100,00 purchase. For LTV's greater than 75% the interest rate will be slightly higher. CONDO's and COOP's: From fixed rate loans to adjustable mortgages with amortization up to 40 years. Glen Mortgage has the expertise to qualify buildings as well as the individual units. Mixed Use: We offer excellent rates for mixed use properties - buildings that are part commercial, usually retail and 50% or better residential (apartments). Commercial Loans: Customized packages for each transaction.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $300,700 with closing costs of $6,014. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $350,000 with closing costs of $7,000. Your actual APR may be different depending upon these factors.