Is AIM loan a direct lender?

Is AIM loan a direct lender?

AimLoan was founded in 1998 as an Internet Direct Lender, committed to using technology to deliver savings, transparency and convenience to mortgage customers. Since then we have funded over $23 billion in mortgages to over 90,000 homeowners throughout the country. AimLoan is a values-based company.

Does Redfin do mortgages?

Redfin Mortgage currently offers fixed- and adjustable-rate conforming mortgages in 20 states and the District of Columbia . Buyers who are just getting started can fill out an online application and can typically get pre-approved for a loan in 90 minutes or less.

What is a conforming PLUS loan?

A conforming loan is a mortgage with terms and conditions that meet the funding criteria of Fannie Mae and Freddie Mac. Conforming loans cannot exceed a certain dollar limit, which changes from year to year. Conforming loans typically offer lower interest rates than other types of mortgages.

Does Redfin have closing costs?

Average Closing Costs for Buyer Closing cost amounts vary depending on the buyer’s loan program, but they typically range from 2%–5% of the purchase price.

Does Redfin refinance?

Initially, Redfin Mortgage will only dole out mortgages to help customers purchase homes, with mortgage refinances perhaps coming later, depending on how things go. In terms of loan type, they only offer the 30-year fixed, 15-year fixed, and the 5/1 adjustable-rate mortgage.

Why must loans release service?

Under a servicing released sale the primary benefit to the seller is that it enables you to maximize your upfront cash revenue received. As an alternative, “servicing retained” sales provide you with an earning asset for which you will receive income throughout the remaining life of the loan.

Who do service release premiums compensate?

The service release premium is a one-time fee paid to the lender that sells the servicing rights and is typically 1.25% to 1.75% of the loan amount, depending on when the rights are sold and other loan terms including the mortgage rate and program.

How can I get a multi million dollar mortgage?

Getting a mortgage on a million dollar home. To qualify for a mortgage on a $1 million home, you’ll need roughly $224,223 in cash for the down payment and closing costs, a credit score of at least 700, and enough savings to cover 6-12 months of mortgage payments.

Why work with aim loan?

We worked with Aim Loan to refinance our mortgage. They were EXCELLENT. The team was very patient with us. I have worked with other mortgage companies in the past, and all mortgage refinance applications are invariably complicated. It is never a totally smooth process.

Is aimloan available in California and Hawaii?

Although AimLoan does have one location in California and another in Hawaii, it is, for all intents and purposes, an online lender. That means that you’ll handle all of your interaction with the company online or over the phone.

How do I contact aimloan?

AimLoan is licensed to originate mortgage loans in all 50 U.S. states and Washington, D.C. However, it only has branches in San Diego, California and Kailua-Kona, Hawaii. Otherwise, if you want to speak to an AimLoan mortgage professional, you can call the company at (888) 411-4246.

What is aimloan’s mission statement?

AimLoan.com’s mission statement is to “provide the lowest cost, most convenient mortgage in America.” American Internet Mortgage, Inc. NMLS# 2890… Got a question about AimLoan? Ask the Yelp community! Your trust is our top concern, so businesses can’t pay to alter or remove their reviews. Learn more. Start your review of AimLoan.