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Oklahoma Home Mortgage

Oklahoma Mortgage Rates depend upon the type of loan program you are taking. Getting a right kind and type of mortgage loan, selecting right lender, bank or mortgage company is a mind-numbing job. 100% effort should go into this as mortgage industry in Oklahoma is becoming very vast. Before selecting any home mortgage loan check the number of years you are going to stay in that home. This will help you a lot to choose:
  • Fixed Rate Mortgage
  • Adjustable Rate Mortgage

Oklahoma Home Mortgage Rates

Fixed rate mortgage is generally taken if you are planning to stay for a longer period of time in that home. Under this type of mortgage loan the amount to be paid is fixed and there comes no change in the interest rate during the pay back period. The loan can be taken for the duration of either 15 years or 30 years. On the other hand if you are not going to stay for a long time then go for the adjustable rate mortgage (ARM). In adjustable rate mortgage the rate of interest changes after 10 years if the 10/1 ARM has been taken. Other also follows the same only the year keeps on changing. The adjustable rate mortgage can be
  • 10/1 ARM
  • 7/1 ARM
  • 5/1 ARM
  • 3/1 ARM
  • 6 months Arm

Mortgage in Oklahoma

There are many home loan programs offered by lenders and mortgage companies in Oklahoma. Either you on your own by searching the net or newspaper can select the most favorable mortgage lender or you can take the assistance of mortgage brokers working in Oklahoma. Mortgage brokers have affiliation with hundreds of different lenders working in the state. You can have more variety to see and select from if you take the help from mortgage broker. Along with that mortgage quotes offered by lenders is very useful for selecting the mortgage lender. The most popular type of home mortgage loans offered by lender/mortgage companies in Oklahoma are
  • 30/15 years fixed rate mortgage
  • Variable/adjustable rate mortgage
  • Balloon mortgage
  • Bad credit loan program
  • First time homebuyer loan
  • Second mortgage
  • Home equity loan
  • Home equity lines of credit
  • Veteran Affairs loan
  • FHA loan
  • Refinance loan
  • Reverse mortgage

Oklahoma Mortgage Calculator

Mortgage Loan Calculator can be used as;
  • Mortgage calculator
  • Loan amortization calculator
  • Bi-weekly calculator
  • Debt consolidation calculator
  • Mortgage tax calculator

Oklahoma Mortgage Brokers Association

The Oklahoma Association of Mortgage Brokers (OKAMB) is affiliated to the National Association of Mortgage Brokers (NAMB) has all the required resource if you want to get the mortgage brokers license in Oklahoma. The Oklahoma Mortgage Bankers Association (OMBA) is working to fortify the real estate refinance market. All these association provides very valuable information if you are looking for a home mortgage loan in Oklahoma.
Global Mortgage Corporation
Global Mortgage Corporation offers home purchase loan, refinance loan, bill consolidation loan and home improvement loan. Along with this the mortgage company is well known for its customer services.
North Pointe Mortgage
ANorth Pointe Mortgage is a nationwide lender. They give friendly personal attention to each customer. They have the largest range of home loan programs.
Corporate Offices
2401 Tee Circle Suite 203
Norman, OK 73069
Phone: 405.447.8087

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