Where does Embrace Home Loans do business?
Embrace Home Loans is a direct lender based in Newport, RI. The company was founded in 1983 and offers mortgage refinancing to borrowers in 46 statess across the USA (and Washington, DC).
What is the maximum loan term for a mortgage refinance via Embrace Home Loans?
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. Embrace Home Loans offers mortgages refinancing with terms ranging from 15 to 30 years.
Does Embrace Home Loans charge a mortgage origination fee?
Yes, Embrace Home Loans may charge a loan origination fee.
Does Embrace Home Loans charge prepayment fees?
Yes, Embrace Home Loans 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 mortgage programs does Embrace Home Loans offer?
Embrace Home Loans offers the following mortgage programs:
- Conventional mortgages
- FHA 203k
What property usage types does Embrace Home Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Embrace Home Loans allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
Other Services by Embrace Home Loans
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia