Streamlining your loan, from start to finish.

At American Mortgage, we're dedicated to making the loan process simple and quick.  We're aware that you're busy, and taking the time out of your day to sit and discuss your financial history is sometimes just not feasible.

Now, applying for a loan just got easier.  With our online loan application, you can work at your pace and apply when it's most convenient for you.  Apply late at night, over the weekend, even when you're out of town.  Apply at work or at home.  Fill out the full app all at once, or take a couple days to gather your information.

Best of all, all of the information that you supply to us is 100 percent secure.  The only people that will see your application are those that will be working directly on your loan, making sure that you receive the best service and products available.

And by saving time and energy on the normally tedious loan application process, we are able to spend more time talking with you on what matters most:  your future financial strategies, your savings and debt-elimination strategies, and how your home and its equity can be used to achieve the best possible results for you.

Navigate our website to learn how we make getting a loan easier and faster!

The "Making Home Affordable" Mortgage Program

The Treasury today unveiled the guidelines for its new “Making Home Affordable” loan modification plan, which aims to help seven to nine million homeowners.

The “Home Affordable Refinance” program will be available to roughly four to five million homeowners with “solid payment history” on existing Fannie Mae or Freddie Mac loans.

However, borrowers must also provide a letter of hardship, explaining a change in circumstances or a rise in payments that will lead to foreseeable default.

Meanwhile, the “Home Affordable Modification” will strive to help three to four million at-risk homeowners and those already in foreclosure by reducing monthly mortgage payments to as low as two percent.

•  There is no minimum or maximum LTV ratio for eligibility purposes.
  

• Loans can be refinanced or modified up to the current high-cost jumbo loan limit

• Loans originated on or before January 1, 2009 are eligible

• Borrowers must fully document income, sign an IRS 4506-T, provide two most recent pay stubs, most recent tax return, and sign affidavit of financial hardship

• Loans must have been originated on or before January 1, 2009

The Home Affordable Refinance program ends in June 2010, while the loan modification program will run from now until December 31, 2012 (loans can only be modified once).

“Treasury announced today that the Making Home Affordable program will also include additional incentives for efforts made to extinguish second liens on loans modified under this program.”

“Extinguishing second liens will make mortgages more affordable, improve loan performance, and help prevent foreclosures.”

Second mortgages will not be included in the front-end debt-to-income ratio, making it a whole lot easier to get the housing payment down to the desired target of 31 percent.

For more info go to http://www.FinancialStability.gov.

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The Home Ownership Accelerator®

• Save Thousands In Interest!
• Pay Off In Half The Time!
• No Change In Spending Habits!

The concept is surprisingly simple: The Accelerator combines all your checking, home loan and home equity line accounts into one master "loan sweep account" that automatically transfers all deposited cash against the loan balance each day in order to save mortgage interest. That's it! This simple change better leverages your cash flow, potentially saving you thousands in interest over the next decade. And, your funds remain available 24/7, just like with your old checking account today.

The Home Ownership Accelerator breaks with mortgage tradition by giving you, the borrower, the power to reduce your debt more aggressively. Traditional mortgages make it easy to get into debt, but offer no tools to help you manage the debt down. The Home Ownership Accelerator does help reduce debt more quickly, simply by putting all your personal income to better use.

For more info Contact Us

Reminder:  Free House Payment

Every month another luck someone is landing a free mortgage payment!  Fill out the quick form to see if you're the one to get a month off from paying your mortgage.  You don't have to be a current customer to enter - everyone can apply!  Register here.