Q:

What services are available from Nationstar Mortgage?

A:

Quick Answer

Nationstar Mortgage offers mortgage services for new home purchases, including those by first-time buyers, according to its website. The company also provides refinancing options for existing borrowers looking to consolidate high-interest debt and access more favorable borrowing rates.

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Full Answer

In addition to paying down pre-existing debt by borrowing from Nationstar at an improved interest rate, customers can refinance to shorten or extend their mortgage term, states the company's website. Customers can also use refinancing options to move between fixed and adjustable rate mortgages. Nationstar provides home equity loans for individuals looking to borrow by using their home as collateral, allowing the borrower to receive cash up front for use as he sees fit.

Special services from Nationstar include access to Federal Housing Administration, or FHA, loans, which are government-insured loans with a lower down payment and credit requirements, explains Nationstar Mortgage. Nationstar also provides Veterans Affairs loans at more favorable rates to current and past military servicemen and women and their surviving spouses.

Other services include "jumbo" loans of up to $2 million for large purchases, as well as U.S. Department of Agriculture loans for purchases of rural properties, notes Nationstar. To help deliver these services, the company also provides free mortgage reviews, prequalification for loans of up to 97% of the value of a home purchase and online calculators designed to help existing and prospective customers determine their maximum borrowing amounts, debt consolidation and refinancing savings and tax benefits.

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