FOR IMMEDIATE RELEASE
CONTACT: Michelle Lefkowitz
(440) 729-9022 x222
 

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BUSINESS ETHICS ARE IMPORTANT

WHAT DO ETHICS MEAN TO US?
It means that we live and work in the same communities. It means we are active in our communities, and give back in many ways. It means we hold ourselves to certain personal values and practices when it comes to business.

WHAT DO OUR ETHICS MEAN TO YOU?
It means you will always be fully informed and no information will ever be disguised or concealed. It means we will not put a borrower in a program without a direct benefit. It means we maintain a fair fee structure because we believe in building relationships, not just closing loans. It means you can expect our employees to conduct themselves in a manner which reflects honesty and integrity. It means you can expect us to comply with all applicable laws and regulations. It means you can expect total confidentiality and professionalism from Harvard Mortgage Corporation.

FROM THE DESK OF THE PRESIDENT…
GET YOUR FACTS STRAIGHT!!!

There are a variety of loan programs being advertised and sold to borrowers today, some of which are presented in a manner that makes you think they’re great. On an individual basis, that may be the case. Some of these are referred to as “cash-flow option ”, “pick-a-payment”, or “pay option”. These are all Adjustable Rate Mortgages, which have in most cases, rate adjustments that are sizeable. They have a potential negative amortization, which could quickly diminish the equity in your home. These adjustable rate mortgages can be wise for a borrower who is able to make additional principal payments or in areas with rapidly increasing property values, such as Florida.

One other popular type of loan is “Interest Only”. These programs have a period of time when interest only payments are made and then they revert to a fully amortized loan at a predetermined fixed rate or an adjustable rate. They can be a good choice for a borrower that needs a lower payment for a short period of time.

Remember to call us if you have any questions regarding your situation.
IT JUST MIGHT BE THE RIGHT TIME FOR A PERSONAL CONSULTATION!