American Bancshares Mortgage Refinance
in Mortgage Refinance from American Bancshares Mortgage, LLC · NMLS ID #217378
UnaffiliatedAmerican Bancshares Mortgage Refinance
in Mortgage Refinance from American Bancshares Mortgage, LLC · NMLS ID #217378
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| Loan Amount | Up to $2,500,000 |
| Loan Term (Years) | 15 - 30 years |
American Bancshares Mortgage Refinance Review
American Bancshares Mortgage Refinance is offered by American Bancshares Mortgage, LLC (NMLS #217378), a direct lender founded in 1995 and based in Miami Lakes, FL. American Bancshares Mortgage Refinance is available in 18 states (and Washington, DC).
- 3 different mortgage programs offered. American Bancshares Mortgage Refinance refinances FHA, USDA, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Non-standard interest rates available. American Bancshares Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, American Bancshares Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
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What is the maximum loan term for a mortgage refinance via American Bancshares Mortgage Refinance?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. American Bancshares Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.
Does American Bancshares Mortgage Refinance charge a mortgage origination fee?
Yes, American Bancshares Mortgage Refinance will charge a loan origination fee.
What mortgage programs does American Bancshares Mortgage Refinance offer?
American Bancshares Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does American Bancshares Mortgage Refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. American Bancshares Mortgage Refinance allows the following property usage types:
- Primary home
Contact
- Headquarters
-
14261 Commerce Way
Miami Lakes, FL 33016 USA - (305) 826-4500
- Visit Site
Other Services by American Bancshares Mortgage, LLC
Availability
- Alabama
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Kentucky
- Maryland
- Massachusetts
- Mississippi
- New Jersey
- New York
- North Carolina
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
- West Virginia
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