Mortgage Investment Services Corp Review – Pros, Cons, and Reputation
Choosing a good and reputable company can be a daunting task. Especially in today’s time when everyone can present themselves as a good and reputable lender. That’s why we have made this Mortgage Investment Services review to help you decide if they are a good lender for you or not.
Mortgage Investment Services Corp is based in Shawnee, Kansas and they have been in business for over 15 years. Additionally, they offer a good variety of loan options which include conventional, FHA, VA, USDA and refinancing loans.
|Loan Amount||Up to $500,000|
|Loan Terms(Years)||15 and 30-year terms|
|Credit Score Range||N/A|
|Mortgage Programs||Conventional, FHA, VA,USDA, refinancing loan, home improvement loans|
|Employment Statuses Considered||N/A|
|Intended Use||Home purchase and refinancing|
|Joint Loan Applications Accepted||N/A|
|Minimum Age||18 and above|
|Verification Documents Required||Tax returns, Social Security number, pay stubs|
How much money can you borrow from Mortgage Investment Services Corp
Mortgage Investment Services Corp offers a range of loan amounts to suit various needs. Depending on your financial situation, you may be able to borrow up to $500,000 from Mortgage Investment Services. The amount you can borrow will depend on several factors, including your credit score, income, and debt-to-income ratio.
If you have a good credit score and a high income, you will likely be eligible for higher loan amounts. However, if you have poor credit or a low income, your options may be more limited. It’s important to keep in mind that borrowing too much money can lead to financial strain down the line.
Before applying for a mortgage with Mortgage Investment Services Corp or any other lender, it’s essential to determine how much money you need and what loan amount is realistic based on your current financial situation.
A mortgage professional at Mortgage Investment Services Corp can assist with this process by reviewing your finances and providing guidance on how much money you should borrow.
Mortgage Investment Services Corp Pros & Cons
Mortgage Investment Services Corp, like any other mortgage lender, has its pros and cons. Because of that, we will cover all of this here, so you can make an informed decision if you should work with them or not.
The main benefit that you get working with a Mortgage Investment Services Corp is that they are a NMLS accredited company and have been in business for 15 years. On top of that, they also have a good array of loan options.
But on the downside, they are not a BBB or HUD accredited company and they also haven;t disclosed their interest rates anywhere on their website. This impacts their credibility as a company.
- NMLS accredited
- Good loan options
- Long time in business
- Not BBB accredited
- Not HUD accredited
- No interest rates disclosed
What is the longest loan term you may obtain from Mortgage Investment Services Corp?
Mortgage Investment Services Corp offers two different loan terms which are 15 and 30 years. The length of the loan term depends on several factors, including the type of property being financed and the borrower’s creditworthiness.
For residential properties, Mortgage Investment Services Corp can offer loan terms as long as 30 years for fixed-rate mortgages. This longer-term option provides borrowers with more time to pay off their mortgage and potentially lower monthly payments.
It is important to note that while longer-term loans may result in lower monthly payments initially, they do tend to have more interest to be paid over time.
What mortgage rates do Mortgage Investment Services Corp offer?
As already mentioned, Mortgage Investment Services don;t have their interest rates disclosed anywhere on their website. Thai means that they are not a fully transparent lender and there might be some issues.
Because of that, always opt for a lender that will be transparent with you, so you don’t have any surprises down the road.
What is the estimated funding time?
Mortgage Investment Services Corp is committed to providing fast funding times for their clients. The estimated funding time can vary based on a number of factors, such as the type of loan and the complexity of the transaction. However, Mortgage Investment Services Corp strives to fund loans within a timely manner.
In general, most loans are funded within 40 days from the date of submission. This means that borrowers should plan accordingly when applying for a loan with Mortgage Investment Services Corp to ensure they have ample time before closing.
It’s important to note that there may be some instances where funding takes longer than expected due to unforeseen circumstances or issues during underwriting. In these cases, Mortgage Investment Services Corp will work diligently with borrowers to address any concerns and reduce delays in funding.
Do they charge mortgage origination fees?
An origination fee is charged by lenders to cover the costs associated with processing the loan application and underwriting process. The amount of this fee can vary depending on factors such as credit score, loan amount, and property type.
Mortgage Investment Services Corp charges an origination fee that ranges from 0.25% to 2% of the total loan amount. This means that if you are borrowing $200,000, your origination fee could range from $500 to $4,000.
It’s also worth noting that some lenders may advertise lower interest rates or no origination fees but make up for it with other hidden costs. Either way, you can always ask your loan officer about these charges.
Does Mortgage Investment Services Corp charge prepayment fees?
Mortgage Investment Services Corp does not charge any prepayment fees. This means that if you choose to make extra payments towards your loan or pay it off in full before the end of its term, you will not be penalized for doing so.
This can be a big advantage for borrowers who want more flexibility and control over their finances. By avoiding prepayment penalties, you can potentially save thousands of dollars in interest charges over the life of your loan.
Of course, it’s still important to read all the terms and conditions carefully before signing up for any mortgage product with Mortgage Investment Services Corp. While there are no prepayment fees charged by this company, there may be other fees or restrictions that apply depending on the specific loan program you choose.
What mortgage programs are available?
As for mortgage programs available through Mortgage Investment Services Corp, they offer following:
While this isn’t the biggest range, they do have good diversity of mortgage programs that may suit you.
What property usage types does Mortgage Investment Services Corp allow?
When considering a mortgage, it’s important to understand what types of properties the lender allows for financing. Mortgage Investment Services Corp offers loans for various property usage types including:
- Primary residences
- Second homes
- Investment properties
- Vacation homes
- Townhouses or condos
Ultimately understanding what kind of properties you can finance through Mortgage Investment Services Corp is crucial before making any decisions about your mortgage journey.
How do people rate the customer service and user experience?
Mortgage Investment Services Corp has a decent reputation for providing good customer service and user experience. Many customers have praised the company’s representatives for being friendly, knowledgeable, and responsive to their needs.
Customers appreciate that Mortgage Investment Services Corp offers multiple ways to communicate with their staff, including phone, email, and online chat. This allows customers to choose the method of communication that they are most comfortable with.
In addition to providing great customer service, Mortgage Investment Services Corp also offers an easy-to-use online platform where borrowers can easily manage their accounts.
But if you are in search of other good and reputable lenders, feel free to reach us! Our team of experts is here to help you buy your dream home and find you a lender that will work wonders for you.
Contacts of Mortgage Investment Services Corp
If you’re interested in working with Mortgage Investment Services Corp, it’s important to know how to contact them. Here we will provide you with their contact details.
Office location: 22316 Midland Dr Shawnee, KS
Phone number: 913-390-1010
Toll free: 866-390-1010
Availability of Mortgage Investment Services Corp
Mortgage Investment Services Corp is available to serve customers in 6 states. Those states include the following:
The company also has an online application process, which makes it easy for borrowers to apply from anywhere they are located. Additionally, applicants can call or email the company’s customer service team for assistance with any questions or concerns.
Mortgage Investment Services Corp also has a physical presence in some locations, where borrowers can visit and speak with loan officers face-to-face. The company provides a list of its branch locations on its website.
Mortgage Investment Services Corp Summary
- Mortgage Investment Services Corp is a mortgage lender that is based in Kansas and has been in business for over 15 years.
- As for their loan programs, they offer both government-based and conventional loans as well as refinancing options.
- Besides Kansas they offer their services in Missouri, Oklahoma, Colorado, Arkansas and Nebraska.
- The company is registered in NMLS, but they are nowhere to be found in BBB or HUD.
- Their customer service is highly rated, ensuring that clients receive personalized attention throughout the entire lending process.
FAQs About Loan Company:
How to Contact Mortgage Investment Services Corp?
You can contact Mortgage Investment Services Corp on this phone number 913-390-1010 or by sending them a quick message on their website.
What Services Does Mortgage Investment Services Corp Offer?
The company offers a variety of mortgage services for clients looking to either buy a property or refinance their existing loan.
How Can I Obtain a Loan at Mortgage Investment Services Corp?
You can obtain a loan from their office directly or you can easily apply on their website by fulfilling a loan application form.