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Mortgage Network

in Mortgage Refinance

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Mortgage Network

Unaffiliated

in Mortgage Refinance

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Overview

Where does Mortgage Network do business?

Mortgage Network is a direct lender based in Danvers, MA. The company was founded in 1988 and offers mortgage refinancing to borrowers in 25 statess across the USA (and Washington, DC).

What is the maximum loan term for a mortgage refinance via Mortgage Network?

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. Mortgage Network offers mortgages refinancing with terms ranging from 15 to 30 years.

Does Mortgage Network charge a mortgage origination fee?

Yes, Mortgage Network may charge a loan origination fee.

Does Mortgage Network charge prepayment fees?

Yes, Mortgage Network 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 Mortgage Network offer?

Mortgage Network offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • FHA 203k
  • HARP
  • USDA
  • VA

What property usage types does Mortgage Network allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Mortgage Network allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties 
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Availability

Available in 25 States and Washington, DC
  • Alabama
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Maine
  • Maryland
  • Massachusetts
  • Minnesota
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Vermont
  • Virginia
  • West Virginia

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Loan Term (Years)
15 - 30
5 40
Loan Amount
Up to
$3,000,000
APR
Starting at
3.351%

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