UWM is the nation's largest independent mortgage lender and has recently made headlines for being the largest wholesale lender for buying adjustable rate mortgages. UWM has quickly become a major player in the mortgage industry, offering much lower rates and fees compared to traditional lenders.
An adjustable rate mortgage is a loan that has an interest rate that fluctuates periodically over time. The interest rate is based on an index plus a margin. As rates change, so does the amount of the monthly payment. Adjustable rate mortgages have historically offered borrowers the chance to secure a lower rate than they would get with a fixed rate mortgage.
The benefits of UWM's adjustable rate mortgages are numerous. Not only do they offer borrowers a lower rate, but they also offer a variety of other features. These include a choice of 15-year or 30-year terms, competitive closing costs, no minimum credit score requirements, and more. Additionally, UWM's adjustable rate mortgages require little paperwork and are fast to close.
UWM also offers a wide range of mortgage products which includes conventional, FHA, VA, and USDA loans. These loan types allow borrowers to choose from a variety of mortgage programs to fit their needs. UWM also offers special programs for first-time homebuyers, as well as those with less-than-perfect credit.
UWM is committed to providing its customers with competitive rates and superior customer service. They are dedicated to helping people find the right loan product that allows them to buy the home they want. UWM also takes great pride in educating its customers about the different loan options and mortgage process.
Although adjustable rate mortgages may not be for everyone, UWM is making them much more accessible to potential borrowers. With UWM’s competitive rates, quality customer service and commitment to education, potential borrowers can make an informed decision about their mortgage needs. For those considering an adjustable rate mortgage, UWM should be considered as a viable option.
United Wholesale Mortgage (UWM) has become an influential force within the mortgage industry by being the leader in offering adjustable rate mortgages (ARMs) to consumers. UWM has been able to make a significant splash in the mortgage market by providing much lower rates and fees than traditional lenders, and it has recently become the largest wholesale lender for buying ARMs. UWM offers a wide range of loan products including conventional, FHA, VA, and USDA loans. Additionally, UWM offers special programs for both first-time homebuyers and those with less-than-perfect credit.
An adjustable rate mortgage (ARM) is a loan with an interest rate that fluctuates periodically over time, based on an index plus a margin. The appeal of ARMs is that they can provide lower rates than those found with fixed rate mortgages. In addition to the lower rates, UWM also offers additional features such as 15-year or 30-year terms, competitive closing costs, no minimum credit score requirements, and fast closings with minimal paperwork.
UWM is dedicated to providing its customers with competitive rates and superior customer service. Its commitment to helping customers make the best decision for their mortgage needs, combined with its educational resources, has enabled it to gain a positive reputation amongst borrowers. Furthermore, UWM has allowed for easy access to adjustable rate mortgages by removing many of the typical roadblocks found with lenders.
For those considering an adjustable rate mortgage, UWM is certainly worth looking into. UWM has proven itself to be a reliable and knowledgeable source for ARMs and continues to lead the way in the mortgage industry. With their competitive pricing, quality customer service, commitment to education, and willingness to remove roadblocks, UWM is a valuable resource for anyone interested in ARMs.
This article was contributed on Aug 02, 2023