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Carteret Mortgage offers the following types of loans:

Purchase -Primary, 2nd Home, Investment

Refinance -Primary, 2nd home, Investment

FHA and VA -Primary Home

Reverse Mortgage for elderly - Primary

Commercial loans- Varies by property

Fractional mortgage on time shares

It is very important to us here at Carteret Mortgage Corp. that we provide the utmost client customer service from start to finish. We have in home application process that is very customer friendly. Carteret's online services is the best the industry has to offer which allows the client to fill out 1003 application online and securely transfer information to a loan officer. Carteret has over 1750 loan officers nation wide and as a Corporation Carteret can originate loans in every state.

As you might already know many of the smaller mortgage brokers have cut their operations or shut there doors completely. Many local realtors have been caught in the cross fire. Finally while their clients loose the opportunity to get the house of the dreams. Carteret is proud to say that they have solved many of the problems that other brokers could not!

We (Carteret) have as many as 200 solid lenders though out industry. As we now know this a very unstable market and programs and limits change daily. To counter balance this market Carteret Mortgage has gained a reliable foot-hold on the first time homebuyer and non conventional markets. We still provide financing for purchases on a primary property, second homes, investment properties and commercial properties. While some program limits have changed and some just terminated. That is why having a large amount of lenders is so important in such a volatile market.

Carteret has lenders with a support network with strong investors that are guaranteed to link the qualified borrower to the unsurpassed fixed program that the industry offers. As a loan officer you are entitled to provide as many options as possible to your client. Then you must guide them on the right product for now and the future.

Our lenders provide conventional programs at fixed rates that allow the borrower the opportunity to purchase the home of the dreams and still be able to afford daily needs and goods. One of those unique programs is the 50 year mortgage which allows your client to amortized to a longer term of loan to afford the property now at a fixed rate. Rather then gamble with an adjustable rate that might inadequately influence their credit score in years to come. With an adjustable rate you might hurt your chances to refinance out to a lower term in years to come when you are more comfortable with your income status.

Another program that is available is FHA/ VA. While guidelines are a bit limited this program offers the most stable way of financing a home though the federal government. Only certain lenders can provide FHA financing.

For the more savvy borrower looking for the maximum cash flow mainly for investment purposes. There is optional payment programs that allow the borrower to pay partial payments that effect the balance of the loan so the borrower can use the equity of the property to pay the loan payments on time. This program is not for a borrower that needs a lower payment to just get into the home! The interest rate will adjust and your payments will rise along with a decline in your equity. Which is the precursor to foreclosure! Remember this program is for investors or high potential income borrowers that can afford to purchase home and pay it off in the future.

Here is a generic list of some of the more popular programs:

Fixed Rate- 5,10,15, 30, 40 and 50 year terms

Interest Only-1,2,3,5,7, and 10 years terms

FHA- 30 year term to State and County limits

Cash Flow Arms- 15,30 and 40 year terms

Minimum payment Adjusts after 1 month or a year

Fixed Minimum Payment Cash Flow Program

5/25 Adjustable rate credit rehabilitation program