The HELOC: Your most powerful financial tool
Most people think of their Home Equity Line of Credit (HELOC) as another debt—a lending vehicle most often used to consolidate credit cards, help pay for college or just to have in case you need to borrow equity from your home for emergency situations. What most people (and even most mortgage, banking and investment professionals) don’t know is that an equity line of credit has the rules and features to actually become one of your most powerful financial assets! To truly understand how a loan can become a powerful financial asset, we must understand three very important issues: stagnant money versus active money, the differences between closed-end loans and open-end loans, and the concept of interest cancellation. Read full story
The “Doctor Home Loan”
Special Financing Packages For Medical Professionals
The Physician Loan Program is a program within Carteret Mortgage. The Physician Loan Program is rapidly becoming a leader in providing home loan services to physicians and the medical community by creating home loan programs that fit the specific financial profile of many medical professionals.
What is so special about the Physician Loan program?
It is a great loan for doctors regardless of whether they are just out of medical school, in residency, or physicians who have been in practice for many years.
First Time Buyers
Are You A First Time Buyer?
Carteret Mortgage does not only lend to physicians, we lend to all kinds of buyers from all walks of life. Our versatile loan programs are available to all applicants. Including first time buyers! No Money Down
That’s right. You can purchase a home with little or no money down* and can also finance your closing costs up to 103% of the purchase price of the home. This allows the seller to pay your closing costs which are covered in the loan. Therefore, you can purchase the home with not money out of pocket unless our closing costs and purchase price exceed the maximum of 103% of the purchase price! Read full story
5 steps to total financial control
First step to taming your personal budget: Really follow these classic rules this time. By MP Dunleavey
Like many of you, the Women in Red were ambushed by the holidays and spent way more than planned. That’s why January is the ideal time to start our nationwide Take Total Financial Control campaign. Read full story
How The MMA Program Works
MONEY MERGE ACCOUNT (MMA) “How It Works”
United 1st Financial MMA software is designed to accelerate the payoff of a homeowner’s mortgage(s) by utilizing an ALOC (advanced line of credit) as a bank account. Read full story
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