|Loan Amount||Up to $3,000,000|
|Loan Term (Years)||15 - 30 years|
Amerifund Home Mortgage Refinance Review
Amerifund Home Mortgage Refinance is offered by Amerifund Home Mortgage LLC (NMLS #53336), a direct lender founded in 2003 and based in New York, NY. Amerifund Home Mortgage Refinance are available in 4 states across the USA.
- 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. Amerifund Home Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Amerifund Home Mortgage Refinance Pros & Cons
Amerifund Home Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via Amerifund Home Mortgage?
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. Amerifund Home Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does Amerifund Home Mortgage take to refinance?Amerifund Home Mortgage does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.
Does Amerifund Home Mortgage charge a mortgage origination fee?
Yes, Amerifund Home Mortgage Refinance will charge a loan origination fee.
What property usage types does Amerifund Home Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Amerifund Home Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- New Jersey
- New York