Where does LendingHome do business?
LendingHome is a direct lender based in San Francisco, CA. The company was founded in 2013 and offers mortgage refinancing to borrowers in 11 states across the USA.
What is the maximum loan term for a mortgage refinance via LendingHome?
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. LendingHome offers mortgages refinancing with terms ranging from 15 to 30 years.
Does LendingHome charge a mortgage origination fee?
Yes, LendingHome may charge a loan origination fee.
Does LendingHome charge prepayment fees?
Yes, LendingHome 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 LendingHome allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. LendingHome allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- South Carolina