Seterus Mortgage Co
Seterus Mortgage Co is a New Hampshire based lender that offers mortgages for the people residing in the state. The company offers various mortgage plans for the buyers and tenants to choose from. They offer the borrowers a chance to choose from a fixed rate option for long term and adjustable rate option for the short term. There are different loan packages available with Seterus Mortgage Co. The Seterus mortgage loans are also known as the home equity loans. The main objective of the Seterus Company is to help the home owners by lending them a loan, which they can use to buy a home. When the borrowers pay off the loan, they can retain their ownership of the house. The Seterus mortgage is not a traditional mortgage, but it is more like an unsecured personal loan. The Seterus mortgage co lend money against the equity of the property or the real estate.
There are various loans that you can avail from Seterus. There is the home purchase loan where you can buy a home using the setter money that you have. There is the interest only loan, wherein you pay off the setter money and do not pay any interest. The payment term is short. There are the ten-year fixed rate mortgage and the twenty-year adjustable rate mortgage. The interest rates are variable and your monthly payments depend on the loan type that you opt for. You can choose to go for the adjustable rate loans. This is a short term loan and it will have a lower interest rate than the fixed rate. The Seterus mortgage co offers a credit check for the borrowers and this means that you need to have a good credit history. The rates of interest are higher when the credit ratings are low but if you manage to make regular payments, you can avail a reasonable loan package.
What does Seterus Mortgage Co offer
The Seterus mortgage Co also has many different types of homes that you can choose from. The different options that they have been for the resale of the property, to be rented out or for use as a business. There are many different categories under which you can choose a home. They have the options for residential homes, commercial buildings, industrial spaces and even vacant land. You can avail a home in whichever category that suits you best. There are different setters that you can go for. There are the conventional lenders who offer the Seterus loans and there are the non-conventional lenders who offer alternative methods of borrowing. You can check with the different brokers online and compare their quotes. You can also check out with your friends and relatives and borrow home loans from them.
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