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Moving To Arlington?

Are you considering moving to Arlington? As of 2020, the city of Arlington boasts a population of 11,743. Citizens of Arlington TN enjoy an average income of $34,790 with an average home price of $238,500.

Real Estate Companies In Arlington TN

If you are considering moving to Arlington, you may want to speak with one of the locally licensed and experienced real estate agencies in Arlington. Some of the better known real estate agents in Arlington are:

• Enterprise Realtors
• The Jon Moultrie Team – a Division of Enterprise Realtors
• Groome & Co REALTORS

Arlington Bank VS The Wendy Thompson Team

Whether you are looking to refinance your home in Arlington TN or buy a new one, getting the lowest interest mortgage possible should be your goal. 

Look, just like you, I like to use my local bank for checking, savings, a safety deposit box, CD’s and for doing my daily business needs. 

It is really easy for you to walk into your bank in Arlington TN and ask them for an Arlington mortgage. 

After all, they are Arlington mortgage broker and lending company. 

BUT, according to the New York Times, getting a home mortgage from your local bank can cost you more money over the life of the loan because they cannot shop around for different rates.  

Considering this, the lending company in Arlington TN knows that a large percentage of the US will simply ‘trust’ their local bank to give them the ‘best’ rates since they have been such a good customer. 

Unfortunately, your mortgage lender in Arlington probably is unable to shop around and get you the best rates because they only have one option, themselves. 

The Wendy Thompson Team as a local mortgage broker in Arlington TN, they are able to offer you mortgage options from several lenders and find you the best rates based on your situation. 

Your lending company in Arlington TN won’t be able to do that, and in a lot of cases choosing your local bank could cost you quite a bit more. 

Another reason people choose to get an Arlington home mortgage from their local bank is that they mistakenly believe they will be able to service the mortgage at the local bank. 

In most cases, if you receive a Fannie Mae or Freddie Mac backed mortgage, the lender will sell that mortgage to be serviced by someone else. 

This means that if you have a problem with your loan, you will not be able to go into your Arlington bank and speak to someone about it. 

It is free to get a quote from The Wendy Thompson Team and compare them to any Arlington mortgage.

Best Mortgage In Arlington TN

• The Wendy Thompson Team
• Good New Lending
• First Horizon Bank
• First Citizens National Bank
• Triumph Bank

Best Mortgage Broker Arlington TN

A refinance refers to the process of replacing your existing mortgage loan with a new loan, which has immense benefits to a homeowner.

Generally, mortgage brokers offer a wide range of refinance options, including FHA, VA, Jumbo, HELOCs and many more. There are actually many types of loans that can be tailored to suit your exact needs. A certified mortgage broker will work with you and various banks in order to get you the right option for your situation.

By working alongside a mortgage broker, you will find the entire refinance process easy and convenient. With a professional on your side, you’ll receive helpful guidance to help you understand the entire process.

Normally, individuals refinance their loan in order to reduce their rate of interest, lower their monthly payments, or to change their mortgage program from a variable rate mortgage to a fixed rate mortgage. Moreover, some homeowners require money in order to pay off existing debts or finance home improvement projects and will consider leveraging their home equity to get a cash-out refinance. A mortgage broker can help you choose the right financing option for your needs.

No matter your reason, a brokerage firm can help you every step of the way. Our mortgage company works hard to help our Arlington TN neighbors get mortgages that suit their needs. We will work with you to help you achieve your goals. Contact us today to speak with a licensed mortgage broker near you.

Mortgage Lenders Arlington

FHA and VA Mortgages

A popular choice for first-time homebuyers, Federal Housing Administration (FHA) loans give you an opportunity to secure funds if you have the money to pay a down payment and your credit history makes you ineligible for a conventional loan.

If you’re wondering whether a FHA loan is right for you, consider the following benefits:

• Lower down payment required compared to other types of loans.
• Your credit history doesn’t matter (but a higher down payment may be required).
• For fixed rate FHA loans, the interest rate doesn’t change.
• FHA loans are extremely easy and convenient to refinance, if need be.

VA Loans

We are also a licensed Veteran’s Administration (VA) loan broker. Many veterans and active service borrowers prefer the VA loan offering because it gives them the ability to buy a house with no down payment. It is a great perk offered only to veterans and active service borrowers. This extends the dream of home ownership to those who might be struggling with financing.

For more information about either FHA or VA loans in Arlington GA, contact a Mortgage expert today.

Jumbo Loans

Purchasing a home that is priced higher than the maximum amount of a conventional loan requires a jumbo loan. This type of home loan is generally similar to ordinary loan solutions, but it usually requires a large down payment. That’s why it is extremely important to work with a mortgage consultant who is dedicated to finding you the best rates in the market. And that’s exactly what we do. Whether you are looking for a variable-rate mortgage to lower your payments or the protection of a fixed rate mortgage, we can find you the right fit for your needs.

To apply for a jumbo Loan, give us a call today.

Home Equity Loans

Home Equity Loans and Home Equity Lines of Credit (HELOCs) are programs often used to finance other expenses or large purchases due to their low interest rates. Tapping into your home’s increased value or equity is regarded as a secured debt. Whether you are considering a fixed loan with a fixed rate or a variable line of credit with an adjustable rate, we have the right solution for you.

Changing From a Variable Rate Mortgage to a Fixed Rate Mortgage

If you have a variable rate loan, your payments can change either upwards or downwards depending on the change in interest rates. Shifting to a fixed rate mortgage with stable and more reliable payments can give you peace of mind knowing that your payments are reliable.

Open Vs Closed Mortgage: Which Is Better?

Open mortgage loans range from 6 to 12 months for fixed rates and 3 to 5 years for adjustable rates and you can repay the loan before maturity without incurring a penalty.

On the other hand, closed mortgages have a much lower interest rate, but borrowers enjoy limited flexibility. This means that you can pay off your entire loan before it’s due without incurring a prepayment penalty.

Arlington Mortgage Rates

Different lenders offer different interest rates. Moreover, mortgages will differ in their terms and conditions. If you seriously want to get the best mortgage product and rate for you, it’s important to compare different options, and your best bet is to speak to a mortgage broker.

Whether you’re a first-time homebuyer or seeking to refinance your next mortgage, we have the right mortgage solution to fit your exact situation – and the experience needed to help you every step of the way.