FOR PLANNING -- A great bargaining tool for any prospective homebuyer.  Add power to your purchase offer by proving that you have been pre-qualified for mortgage financing.  We will provide a pre-qualification service for you at no cost.

FOR STABILITY -- Your interest rate and principal & interest payment will remain constant over the life of your loan.

FOR FLEXIBILITY -- Adjustable Rate loans offer a lower initial interest rate, so your initial monthly payments are less.

FOR LUXURY HOMES -- Jumbo mortgages allow you to borrow more instead of liquidating your portfolio to purchase the home of your dreams.

FOR ADDITIONAL OPTIONS -- Loans guaranteed by the FHA allow for a down payment of just 3.50%, and funds for that down payment can be from a gift instead of the borrower's own funds.  Cash-out refinances are also available when using an FHA loan.  Depending on your situation, an FHA loan may be more cost effective than a conventional loan with private mortgage insurance.

FOR THOSE WHO HAVE SERVED:  A home loan guaranteed by the Veterans Administration allows for 100% financing, with no monthly mortgage insurance payment.  MDI Mortgage is especially pleased to be able to offer this type of financing for veterans, reservists, and military.

FOR HOME BUYING -- Whether you are purchasing a primary residence, a second home, or a 1-4 unit investment property, MDI Mortgage wants to help you navigate the process of obtaining financing for your dream.

FOR STRATEGIC FINANCING -- Do you need to reduce your interest rate?  Lengthen or shorten your repayment term?  Change an adjustable rate loan into a fixed rate?  MDI Mortgage is dedicated to helping you save money through strategic refinancing.

FOR A LIFESTYLE -- A reverse mortgage can help homeowners who are 62 and older stay in their home without having to make payments, and often, they can receive a monthly payment made to THEM from their mortgage.  A reverse mortgage is not for everyone, so please contact us for details and we can review your situation with you and see if it makes sense or if a different type of loan might be a better match.

FOR INCREASED CASH FLOW -- Use the equity in your home to help make life easier by paying off creditors and consolidating your debt into one low monthly payment. 

FOR EXPEDIENCY -- MDI Mortgage has specific programs that will help you be approved, quickly and hassle-free.

FOR PREFERENCE -- A second mortgage can give you access to low cost funds with the added benefit of a fixed rate and amortized repayment period.

FOR MORE CHOICES -- A line of credit to use as you see fit; complete that home improvement project you've been putting off, buy that piece of land you've had your eye on, payoff high-interest debt; have access to reserves for the unexpected and unplanned.  It's all within reach with a home equity line of credit. 

FOR MANAGEABLE MONTHLY PAYMENTS -- Interest Only loans are a tool designed for those who may not currently have the budget to make a full payment of principal & interest, but will in a few years.  Whether you have a large debt that will soon be paid in full, or you are anticipating a significant future increase of income, this program will lower your short-term payment making it more affordable.  The interest only payment is in place for a set period of time, and then it converts to a fully amortized loan payment for the remainder of the term. 

FOR MODEST BUDGETS -- 100% financing increases home ownership possibilities by reducing the necessary down payment and costs. 

FOR A HELPING HAND -- You have a dream of homeownership, and you know that you can afford a home of your own, but your credit score from the past is making loan approval a real challenge.  MDI Mortgage will be happy to assist you in reviewing your credit history and looking for ways and opportunities to get it improved.