Kinecta Offers Servicers Enhanced Mortgages

first_img “”Kinecta Federal Credit Union””: released a statement Tuesday announcing that it will repackage “”HomePath””: mortgages from “”Fannie Mae””: with new incentives and financing terms, with additional incentives offered by the GSE that include revised closing costs and a selling bonus for agents.[IMAGE][COLUMN_BREAK]”” “”Kinecta””: is constantly looking for ways to offer more affordable financing options to potential homeowners,”” said Brian Robinett, SVP and chief credit officer for “”Kinecta””: “”With “”HomePath””:, our business partners can offer borrowers special financing terms on single-family homes, condominiums and town houses in a variety of neighborhoods.””It’s a great option for virtually anyone looking for a home, from first-time homebuyers to experienced investors,”” he added.According to “”Fannie Mae’s””: Web site, the “”HomePath””: mortgage is a financial product that allows the borrower to buy a “”Fannie””: property without mortgage insurance, with a minimal down payment, flexible mortgage terms, and lender-free appraisal. “”Fannie Mae””: also plans to offer a 3.5 percent closing cost and $1,200 bonus to selling agents from June 14 to October 31 the same year.””Kinecta””: is a national credit union with over $3.5 billion in assets and some 220,000 member-owners countrywide, according to its Web site. Kinecta Offers Servicers Enhanced Mortgages July 1, 2011 654 Views Agents & Brokers Company News Fannie Mae Lenders & Servicers Processing 2011-07-01 Ryan Schuettecenter_img in Origination, Servicing Sharelast_img read more