A member of the Mortgage Bankers Association, WEI Mortgage Corporation has been in business since 2002. The company’s operations initially focused on brokering loans, but it soon became a direct mortgage lender. WEI Mortgage Corporation carries an A rating from the Better Business Bureau, and its staff of qualified and licensed loan officers is committed to conducting business with the utmost integrity. Approved by the U.S. Department of Housing and Urban Development and an approved Freddie Mac seller, WEI Mortgage Corporation offers its clients a wide array of financing options.
WEI Mortgage Corporation provides conventional loans that conform to the guidelines of Fannie Mae and Freddie Mac, which purchase the loans and package them into securities. WEI Mortgage Corporation also provides ”Jumbo” loans, which exceed the maximum amount set by Fannie Mae and Freddie Mac and may have higher interests rates than conventional loans.
Furthermore, WEI Mortgage Corporation extends to its clients fixed rate mortgages, in which the interest rate and the monthly payment are fixed over the life of the loan. These are available in terms of 10, 15, 20, 25, 30, or 40 years. WEI Mortgage Corporation also offers a custom option, in which customers can set any term between 10 to 30 years. The length of the term dictates the total amount paid over the life of the loan. The most popular terms for fixed rate mortgages issued by WEI Mortgage Corporation are 15 and 30 years. Clients of WEI Mortgage Corporation can also receive adjustable rate loans, with payments that are fixed for the initial 3, 5, 7, or 10 years which vary from year to year after the initial fixed period.
Additionally, WEI Mortgage Corporation offers FHA/UA government insured loans. Information about all of the financial products offered by WEI Mortgage Corporation can be found at www.weicorp.com.