Nationwide Mortgage Services, based in Rockville, MD, has introduced a new Virtual Loan Department to help consumers navigate the programs and products available in the current mortgage market. With fewer lenders and strict lending guidelines, fewer options have become available to consumers. Nationwide Mortgage Services has introduced this streaming audio and video to simply the process for the consumer.
Rockville, MD August 4, 2008 -- Nationwide Mortgage Services, a Rockville, MD company, has introduced a new Virtual Loan Department to help consumers navigate through new lending guidelines, practices and procedures. The new site developed in July will educate consumers on a variety of programs and products available in the "new" mortgage environment, while allowing the ability to shop for a mortgage program 24 hours a day. The Virtual Loan Department can be accessed at www.tmmortgagegroup.com.
Nationwide has built a strong reputation as an outstanding mortgage brokerage firm and lender serving the lending needs of real estate professionals, builders and individual homebuyers throughout Maryland, Virginia, DC, Pennsylvania, South Carolina, and Florida.
Nationwide is a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchase to refinance to construction lending. Nationwide has access to a full range of mortgage sources and all lending specialists are dedicated to finding the right loan-with the best rates, terms and costs-to meet the borrowers unique needs. Throughout the lending process, Nationwide provides loan updates and progress reports to consumers and real estate professionals alike.
Now all of our mortgage services are available online through the Virtual Loan Department. The consumer will have access to the best loans available in the marketplace simply by submitting a secure application online. Customers can fill out a form and be given several real-time quotes through the virtual loan department. Borrowers will now have access not only to the best loans available in the marketplace, but you can also review loan alternatives, 24 hours a day.
"The mortgage industry has changed so drastically over the past year that many borrowers are unclear of options available to them. Our goal is to help educate the borrower, provide an assortment of options available, and provide the most competitive rates in the industry. Our Virtual Loan Department will allow the consumer to shop on their terms and their time table" - Tim Marose, Vice President of Residential Lending, Nationwide Mortgage Services.
For additional information on the news that is the subject of this release, please contact Tim Marose or visit www.tmmortgagegroup.com
Contact:
Tim Marose
Vice President of Residential Lending
Nationwide Mortgage Services
4 Research Place, Suite 140
Rockville, MD 20850
301-217-5858 x637
Qualifying for a mortgage today is tough! A credit score below 580 makes it almost impossible to get a loan. A score below 650 presents challenges as well. Every point counts, so here are a few simple steps to increase your score in a short period of time.
1) Pay down the balance on your credit cards. The closer you are to your limit on a credit card, the more impact it has on your score. If you have a Visa card with a $1000 limit, and owe $992, you have used up 99.2% of your available credit. Pay that down to $500, and you only owe 50% of the limit. Your scores will move up.
2) Don’t close the cards once you pay them down or off. The credit bureaus score better when you have available credit. Closing a $5000 Visa without a balance takes away a huge chunk of available credit. Leaving that account open without a balance shows you have a resource for funds if needed.
3) Don’t let your accounts be 30 days late. A payment that is 15 days late may cost you a hefty late fee, but being 30 days late on an account will cost you a ton of points on your credit report. Put a budget together and get your accounts paid before 30 days.
4) If you have no choice but to be late, pay the biggest balances first, and work down to the smallest. The bigger the payment, the bigger the impact a late payment of 30 days will cause. A payment 15 days late will likely not harm your credit report.
To learn more ways to improve your credit and to qualify for a loan, check out www.tmmortgagegroup.com or call 1-800-696-1424.
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