Green Point Mortgage
Green Point Mortgage, headquartered in California, is a national lending institution. Though they offer a variety of competitive financial products, they specialize in offering no-documentation mortgage products. Green Point Mortgage also offers Alternative A mortgages for people who have good credit but lack the necessary documentation to qualify for the best rates.
If you can provide full documentation to verify your income, Green Point Mortgage can provide you with competitive rates. Like other lenders, Green Point Mortgage offer fixed loans with your choice of repayment period. In addition to standard loans, they also offer Piggy Back loans that allow you to borrow up to 97 percent of the home's value and avoid paying PMI.
Green Point Mortgage Loans Are Available in 45 States
Mortgages from Green Point Mortgage are currently available in 45 of the 50 states. In these 45 states, you can apply online for a loan from Green Point Mortgage. If you live in a state where Green Point Mortgage does not offer loan products, there are many online institutions from which you can obtain competitive mortgage quotes.
Like many other lenders, Green Point Mortgage provides you with the tools needed to determine your monthly payments under different conditions. Can you afford a shorter term loan? What's the effect of making early payments on the total interest that you'll have to pay over the life of the loan? By how much can you reduce your monthly payments if you pay points upfront? Though the professionals at Green Point Mortgage can work out a payment schedule for a few different mortgage choices, these calculators let you discover your options for yourself.
Update: August 20, 2007 - Capital One, the current owner of Greenpoint Mortgage will shut down the mortgage wholesaler that deals mostly in Alt-A and no-paperwork loans. Greenpoint was the 7th largest Alt-A lender in the nation.