PrimeBenefit is Dedicated to Unions

The PrimeBenefit team of PrimeLending is committed to helping union members save money every time they buy or sell a home, refinance their current home, and more.  We have partnered up with www.Unions.org to offer special pricing that is exclusive to union members.  First let me tell you a little about us and how the program works.

Headquartered in Dallas, Texas, PrimeLending is a leading residential mortgage lender that provides homebuyers mortgages without obstacles. Established in 1986 by Chief Executive Officer Roseanna McGill, PrimeLending has grown from a staff of 20 individuals producing $80 Million in annual closed loan volume to a family of over 1,500 members producing in excess of $2.45 Billion annually.

In addition to the corporate office located in North Dallas, PrimeLending has expanded to over 150 branches across the United States including Arizona, California, Colorado, Connecticut, Florida, Georgia, Kentucky, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Tennessee, Texas, and Washington and is licensed to originate and close loans in 49 states.

The goal at PrimeLending is to provide unsurpassed quality service and support throughout the entire mortgage process for every client and referral source. This proactive sales and operational philosophy simplifies and accelerates the loan process at all levels. The company’s knowledgeable mortgage professionals are dedicated to making every customer’s home loan experience a positive and successful one.

PrimeLending decided they could take it one step further and develop a complete PrimeBenefit program which would help union member save money throughout the entire buying process of a home.  This is why the PrimeBenefit program is so powerful.

I would like you to first watch the following 30 second commercial and then I will go through the savings in detail. Commercial The PrimeBenefit Program is broken down into 5 parts:

1)      Real Estate Rebate – Every time you buy or sell a home your will receive a 20% rebate check from your Realtor commissions for using one of our network realtors.  You don’t have to worry.  We only use the best and have to be proven producer and they work for large companies like Caldwell Banker and Chapman Richards for example.

2)      Lender Discounts – Just for participating in the PrimeBenefit program you get 20% off of all lender fees.  In addition to that you will receive an extra .25% off your origination fee.  PrimeLending as we have already covered is one of the nation’s leading lenders and when it come to rate and price we will make sure you get the best rate and program for your needs.  Every loan is a little different as everyone’s situation is a little different, but know this; we are not just here to earn you business today but to be your lending partner for life.

3)      Insurance Discounts – The next discounts you receive are through Liberty Mutual on your homeowners and auto insurance.  For first time home buyers, homeowners insurance is a new thing so we will make sure that you have this option for getting a good deal on insurance.

4)      Moving Discounts – We have partnered up with different moving services such as Van Lines and SAMS to offer you discount on moving when it comes time to move into your new home.

5)      Home Warranty – Finally we have partners with one of the leading home warty company companies to offer you a great price on a home warranty that will cover more for less.  This company will cover item most item that other warranties exclude like roof leaks, washers and dryers, and more.

As you can see this is a pretty inclusive package.  As a union member there is no reason you should not take advantage of it.  I know you have wondered; how much does this cost?  The answer to your question is NOTHING.  That’s right it’s free.  It’s our way of saying thanks for all the work you do for us.  To register for the program click here.  Make sure to email me if you have any questions or call (877)835-5588.

Sam Ashton

PrimeBenefit Specialist

(877)835-5588

sashton@primelending.com

Bank of America announced Tuesday (01/26) that it is the first mortgage servicer to sign an agreement formally committing to participate in the second-lien component of the Home Affordable Modification Program (HAMP).

The news follows a “verbal commitment” to the program made by CEO, Brian Moynihan made during a meeting with Treasury Secretary, Timothy F. Geithner earlier this month, the company said in a statement.

The Charlotte, North Carolina-based bank says it has systems in place to begin implementing the administration’s Second Lien Modification Program as soon as the Treasury releases final program policies and guidelines. Federal officials first introduced 2MP last April, but since then most market observers have labeled the program as “on hold.”

The Treasury has estimated that up to 50 percent of at-risk mortgages have second liens. The 2MP piece of the administration’s multi-pronged mortgage relief program will require modifications that reduce the monthly payments on qualifying home equity loans and lines of credit when a HAMP modification on the first mortgage is carried out.

The federal government is encouraging lenders and servicers to sign up for the second-lien program, William Apgar, HUD’s senior adviser for mortgage finance, said Tuesday at a housing conference in Washington, according to Bloomberg News. Second liens are “not an easy problem to solve,” Apgar said.

“For many homeowners facing severe financial difficulty, decreasing the payment on the first mortgage without a reduction in the payment on the second lien may not produce an affordable combined mortgage payment,” said Barbara Desoer, president of Bank of America Home Loans.

Desoer said inking the contract before the final program guidelines are released demonstrates “Bank of America’s strong overall commitment to homeownership retention and to the Making Home Affordable program.”

Bank of America is the nation’s largest mortgage servicer, with a servicing portfolio of nearly 11 million first mortgages and 3 million second liens. Through its participation in 2MP, BofA says it will modify eligible second liens regardless of whether the first lien is serviced by Bank of America or another participating servicer.

“2MP will become a valuable addition to Bank of America’s broad toolkit of potential solutions for customers facing financial difficulty and will increase our ability to help even more homeowners,” Desoer said.

Using non-government programs, Bank of America says it modified more than 57,000 second liens to assist financially strapped homeowners over the last two years.

Source:  Carrie Bay (DSNews.com)

Share the wealth:

Below is a list of online lenders or brokers who offer North Carolina mortgages to their customers:

    Mortgage-Lenders-Plus.com North Carolina Mortgage – This website offers North Carolina mortgages for homeowners in the state of North Carolina. Their North Carolina mortgage allows homeowners to borrow up to 125% of their home value. Now, North Carolina homeowners can get the money they need for home repairs, debt consolidation, tuition fees, and more with Mortgage Lenders Plus’ North Carolina Mortgage.

    HomeLoanCenter.com North Carolina Mortgage – This North Carolina mortgage company offers North Carolina mortgage products and hundreds of loan programs for homebuyers. Their North Carolina mortgages come with no broker fees, no cost, no obligation quote, and easy qualification. Application for their North Carolina mortgages is easy. All you need to do is fill up a quick online form that does not even require your social security number. From refinance, to purchase, to home equity loans, their North Carolina mortgages cover all sorts of loan types you wish to apply for.

    ELoan.com North Carolina Mortgage – This online lending company offers North Carolina mortgages for first-time home buyers or applicants with bad credit. Their North Carolina mortgage loan programs include zero down, fixed rate, fixed ARMs, interest-only, or stated income.

    National Mortgage North Carolina Mortgage – This online resource site offers you North Carolina mortgage quotes from reputable North Carolina mortgage companies. The site features North Carolina mortgages in the state’s major cities, including Asheville, Burlington, Cary, Charlotte, Concord, Hickory, Jacksonville, and Raleigh. To get a free North Carolina mortgage quote, you only have to click on one of the many counties featured in the website.

    LendingTree.com North Carolina Mortgage – Lending Tree offers North Carolina mortgages and home equity loans with rates that are as low as 4.24% APR. The introductory rates of their North Carolina mortgages are as low as 3.75% APR and without any closing costs. In order to apply for a Lending Tree North Carolina mortgage, a quick online form is provided for you at their website.

    LoanHounds.com North Carolina Mortgage – This website is a free service that provides you with up to 4 North Carolina mortgage quotes. These North Carolina mortgage quotes are specific to your financial situation and are based on the most current interest rates.

    4LowRate.com North Carolina Mortgage – Whether it is a home loan, life insurance, or debt consolidation, 4LowRate’s North Carolina mortgages will surely save North Carolina homeowners lots of money. The website allows for some comparison shopping for North Carolina mortgage rates to let you find the lowest rates.

    LendingLeaders.com North Carolina Mortgage – Lending Leaders are one of the leaders in North Carolina mortgage finance. Their website will help you find the best North Carolina mortgage by matching you up with up to four top lenders in the state.

    AmerUSA.com North Carolina Mortgage – AmerUSA is a lending company that offers North Carolina mortgages. Online application for their North Carolina mortgage loans can be pre-approved in 24 hours. Their North Carolina mortgage loan programs currently being offered include adjustable rates, balloon payments, bankruptcy, credit problems, commercial, FHA/VA, fixed rates, jumbo loans, refinance, 10/15 year, 20/30 year loan, and many others.

For more information about home loans and home mortgages go to: http://home-loan-mortgage-refinance.info

I often get asked “what is really closing in commercial”. Sometimes I tell them generalities like SBA Loans, but I want to list some of our actual recent closings so you can see what really IS closing. These are just a sample of the loans Commercial Capital Ltd. has closed recently. These loans have been chosen for their diversity and to show you a range of the programs that are getting funded right now.