We offer various types of loans
Let our Mortgage Experts use their experience to help you get you into the best possible program with the lowest rates.
Purchase Home Loans
PanMor can help you find a mortgage that fits your needs and circumstances – however large or small. One loan definitely does not fit everyone. That is why we offer many loan programs for you to choose from, such as our 96.5% FHA purchase loan program, interest only, up to a 40 year fixed rate option, or No Income Verification program
With No Income Verification program you will be able to purchase a property without showing your income, but you have to show your assets. Let our specially trained Loan Consultant match up the right loan for you and your family’s needs.
Are you paying too much for your mortgage? When refinancing your home you can accomplish many things such as lowering your monthly payments, cashing out on the equity in your home, converting an adjustable loan to a fixed loan with one low monthly payment, reducing the term of your loan and building equity faster.
Refinancing your mortgage may save you hundreds of dollars every month and thousands of dollars over the life of the loan. We offer fast, cost-effective solutions and provide you with a complementary financial analysis to ensure your economic success. Our Loan Consultants will customize a program for you and qualify you for the best possible rate.
Home Improvement Loans
For many people, their home is their biggest investment and source of savings. When they need to borrow money for major expenses they can use their home value to borrow money. Generally, there are two ways to use your home equity to borrow money.
You can either refinance with a new mortgage that is larger than your remaining balance (a cash-out refinance) or get a home equity loan. Whether you're adding on a room, remodeling your kitchen, or completing several different households’ improvements, our Loan Consultants will help you to finance the project.
Debt Consolidation Loans
If you have credit card or other consumer loans, it is often less expensive to consolidate these expensive loans with your mortgage. Credit card interest rates are usually much higher than mortgage interest rates. Also, the interest on your mortgage is tax deductible, while the interest on your credit card is not.
If you have enough home equity, you may be able to pay off your pricey credit card debts and save money. Debt Consolidation Program designed by PanMor is an excellent option to save hundreds and sometimes thousands of dollars a month. Let a Great Northern Loan Consultant customize a debt consolidation product for you.
Coop and Condop Loans
Cooperatives (coops) are an increasingly popular living alternative in highly populated areas. Purchasing shares in a corporation that owns a building happens to be more affordable compared to purchasing a condo or a house. When a buyer borrows money to buy a house, the loan is typically secured by a mortgage on the real estate.
The borrower has to pay a substantial mortgage tax. With a coop, however, the shareholder pledges the stock he or she owns, along with the proprietary lease for the apartment, as security. There is no mortgage tax on coop loans.
Bad Credit Home Loans
Your credit report may be full of derogatories, such as charge-offs, collections, tax liens, or late payments, compounded with a history of foreclosure and bankruptcy.
However, you may still get a loan for home purchase, refinance, or even cash out of your current home as long as you can meet the specific guidelines for loan approval by a multitude of lenders specialized in the credit-damaged borrower.