Where does Bengal Mortgage do business?
Bengal Mortgage is a direct lender based in Plano, TX. The company was founded in 2010 and offers mortgage refinancing to borrowers in 1 state across the USA.
What is the maximum loan term for a mortgage refinance via Bengal Mortgage?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Bengal Mortgage offers mortgages refinancing with terms ranging from 15 to 30 years.
Does Bengal Mortgage charge a mortgage origination fee?
Yes, Bengal Mortgage may charge a loan origination fee.
Does Bengal Mortgage charge prepayment fees?
Yes, Bengal Mortgage charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What property usage types does Bengal Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bengal Mortgage allows the following property usage types:
- Primary home