Interest Rates And Fees If You Refinance Your Home
The interest rate on the refinanced part of your mortgage may be different from the interest rate on your original mortgage. You may also have to pay a new mortgage loan insurance premium.
You may have to pay administrative fees which include:
- appraisal fees
Your lender may have to change the terms of your original mortgage agreement.
Interest Rates And Fees If You Borrow On Amounts You Prepaid
You pay either a blended interest rate or the same interest rate as your mortgage on the amount you borrow. A blended interest rate combines your current interest and the rate currently available for a new term.
Fees vary between lenders. Make sure to ask your lender what fees you have to pay.
You may not have to make any changes to your mortgage term.
Union Home Mortgage Adds Sales Manager In Growing Alabama Florida Markets
STRONGSVILLE, Ohio, December 14, 2021—-Union Home Mortgage , a high-growth independent mortgage banking company with a world-class culture, today announced the hiring of Tyler Tullis as a Producing Area Sales Manager serving southern Alabama and the Florida panhandle.
This press release features multimedia. View the full release here:
Tyler Tullis, Producing Area Sales Manager, Union Home Mortgage
As the Producing Area Sales Manager, Tullis is responsible for growth and business development in the growing Southeastern market. His responsibilities also include recruiting new loan originators and building UHMs brand awareness.
“Tyler is going to be a great addition to our team,” said Bill Cosgrove, President & CEO of Union Home Mortgage. “His experience and proven ability to serve customers is exactly what our organization needs as we continue to expand into this exciting market.”
Tullis has over two decades of mortgage industry experience as both an originator and a sales leader. Prior to joining UHM, he served as a Senior Vice President Area Mortgage Sales Manager at BBVA. Tullis also worked as a Branch Manager at both Hometown Lenders and Wells Fargo Financial.
Tullis graduated from Auburn University with a bachelors degree in finance. Tullis will be based in Montgomery, AL.
About Union Home Mortgage
View source version on businesswire.com:
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How Does A Mortgage Loan Work
When you get a mortgage, your lender gives you a set amount of money to buy the home. You agree to pay back your loan with interest over a period of several years. You dont fully own the home until the mortgage is paid off.
The interest rate is determined by two things: current market rates and the level of risk the lender takes to lend you money. You cant control current market rates, but you can have some control over how the lender views you as a borrower. The higher your credit score and the fewer red flags you have on your credit report, the more youll look like a responsible lender. In the same sense, the lower your DTI, the more money youll have available to make your mortgage payment. These all show the lender you are less of a risk, which will benefit you by lowering your interest rate.
The amount of money you can borrow will depend on what you can reasonably afford and, most importantly, the fair market value of the home, determined through an appraisal. This is important because the lender cannot lend an amount higher than the appraised value of the home.
What Is Home Equity
Home equity is the difference between the value of your home and how much you owe on your mortgage.
For example, if your home is worth $250,000 and you owe $150,000 on your mortgage, you have $100,000 in home equity.
Your home equity goes up in two ways:
- as you pay down your mortgage
- if the value of your home increases
Be aware that you could lose your home if youre unable to repay a home equity loan.
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Tyler Tullis Appointed Sales Manager Of Union Home Mortgage
Union Home Mortgage has announced the addition of Tyler Tullis as a Producing Area Sales Manager, serving the southern Alabama and the Florida panhandle markets.
I am thrilled to join the UHM team, which is known for its outstanding culture, said Tullis. I look forward to utilizing UHMs industry-leading technology and partner support to ensure that all UHM customers receive a world-class home buying experience.
As Producing Area Sales Manager, Tullis will be responsible for growth and business development in the growing Southeastern market. His responsibilities will also include recruiting new loan originators, and building UHMs brand awareness.
Tyler is going to be a great addition to our team, said Bill Cosgrove, President and CEO of Union Home Mortgage. His experience and proven ability to serve customers is exactly what our organization needs as we continue to expand into this exciting market.
The inclusion of Tullis along with his tenured experience in sales and knowledge of the mortgage industry, will offer great benefit to the UHM team. Tullis has more than two decades of mortgage industry experience as both an originator and a sales leader. Prior to joining UHM, he served as an SVPArea Mortgage Sales Manager at BBVA. Tullis also worked as a Branch Manager at both Hometown Lenders and Wells Fargo Financial.
Reviews For 2021 Union Home Mortgage Gasparilla Bowl Ucf Knights Shirt
Kevin December 14, 2021
Qualitywise is as expected .. but the waiting is another issue as I have to wait for almost 2-month for it. 4-star is for the material and 1-star is for the lead time.
Leo December 14, 2021
Nice print, very unique, i dont think i will see anyone else with the same one. Very prompt service, only little issue is it was paid extra for a premium quality tee, it is the thinest premium tee i have, glad i didnt get the standard one, it must be nigh see through !
Polly Mcclenny December 14, 2021
I received my T Shirt and fits okay. The only negative comment I have is the price of the product and postage. But thank you it is a one off for me.
Absolutely brilliant, cheers to all involved
Dylan December 14, 2021
Always efficient, friendly service. Excellent communication with customer throughout and fab products! Love all my t shirts from you.
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Loan Types Offered By Union Home Mortgage
- Home purchase loans
- Refinance loans: rate and term and cash out
- Home renovation loans
- Conventional loans backed by Fannie Mae and Freddie Mac
- Government loans backed by the FHA, USDA, and VA
- Non-conforming loans: jumbo and non-QM
Union Home Mortgage offers both home purchase loans and refinance loans, along with renovation loans like the FHA 203k loan and new construction home loans.
You can get financing on a primary residence, second home, or investment property, whether its a single-family home or condo/townhouse.
Union Home Mortgage offers conventional financing backed by Fannie Mae and Freddie Mac, along with government-backed home loans from the FHA, USDA, and VA.
Those looking for new home construction financing can choose from conventional, FHA, and VA options.
And they offer both fixed-rate mortgages and adjustable-rate mortgages in various terms to suit all borrowers.
How Borrowing On Home Equity Works
You may be able to borrow money secured against your home equity. Typically, interest rates on loans secured against home equity can be much lower than other types of loans.
Not all financial institutions offer home equity financing options. Ask your financial institution which financing options they offer.
You must go through an approval process before you can borrow against your home equity. If youre approved, your lender may deposit the full amount you borrow in your bank account at once.
You can borrow up to 80% of the appraised value of your home.
From that amount, you must deduct the following:
- the balance on your mortgage
- your total HELOC amount, if you have one
- any other loans secured against your home
Your lender may agree to refinance your home with the following options:
- a second mortgage
- a loan or line of credit secured with your home
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Found 276 Of Over 317 Reviews
“Working here are UHM has been the absolute best experience ever”
“and a Code of Conduct that starts at the top and is followed all the way through every department , by every partner”
“I’ve had some issues but UHM is always willing to consider my requests and help me when needed”
“Frat boy culture that values Loan Officers and treats support staff poorly”
How To Get A Loan With Union Home Mortgage
- You can apply online, by phone, in person, or via mobile
- They offer a digital mortgage application powered by Ellie Mae
- Borrowers can scan and upload documents via the smartphone app
- And receive status updates as their loan progresses to the finish line
As noted, you can call them up over the phone, visit their website, or go to a brick-and-mortar branch if doing business in person is your thing.
If you choose to go the online route, youll first need to fill out a very brief form to get matched with a loan officer .
Once you complete that quick step, you get the option to begin the loan application process without any human interaction. Or you can wait for a loan officer to call/email you.
Those who already know who they want to work with can use the loan officer directory on the companys website by clicking on Find a Branch. Simply enter their name and youll be directed to their personal webpage.
From there, you can see which states theyre licensed to do business in, get their contact information, apply for a loan, or check loan status.
UHM offers a digital mortgage app powered by Ellie Mae that lets you complete just about everything online.
Additionally, they offer a free smartphone app that allows you to securely scan and upload documents, message your loan officer instantly, and receive status updates as your loan moves along.
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For Research: Past Remote And Flexible Jobs At Union Home Mortgage
We include these past jobs as a way for you to explore what kinds of remote and flexible jobs Union Home Mortgage – UHM has hired for in the past and might be likely to hire for again in the future.
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About Union Home Mortgage
Researched & Written by Tess Guenthner on the FlexJobs Team
Based in Strongsville, Ohio, Union Home Mortgage – UHM is a privately held real estate company dedicated to serving clients with professionalism and integrity. Since it was founded in 1970, UHM has grown its annual lending volume from $58 million to more than $2.4 billion. Today, Union Home Mortgage operates as a full-service mortgage banking firm and an equal housing lender with branch offices located across the United States.
Loan products offered by UHM include FHA loans, 203K loans, VA loans, USDA loans, refinancing, and conventional loans. Union Home Mortgage has been recognized as one of Fastest Growing Companies in America by Inc. magazine and was included on Crains Cleveland Business list of the 52 Fastest Growing Companies in Northeast Ohio.
As an employer, Union Home Mortgage – UHM has been named among the Top Work Places by Clevelands major daily newspaper, The Plain Dealer, and promotes a positive company culture based on its values of accountability, fun, commitment, competitiveness, research, positivity, communication, professionalism, keeping promises, and working to create raving fans out of customers, brokers, realtors, and partners. In the past, Union Home Mortgage has supported work flexibility through full-time, remote-option job opportunities in the administrative, data entry, education & training, insurance, and mortgage & real estate categories.
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Union Home Mortgage Adds Talent In Growing Southwest Market
Scott Robinson, Union Home Mortgage
STRONGSVILLE, Ohio—-Union Home Mortgage , a high-growth independent mortgage banking company with a world-class culture, today announced the hiring of Scott Robinson as a Producing Area Manager focused on building teams in Tulsa, Oklahoma, and Santa Fe, New Mexico, passionate about delivering a personalized mortgage experience that exceeds expectations.
As Producing Area Manager, Robinson is responsible for nurturing high-performing teams driven to originate loans to help customers purchase a home or refinance their mortgage.
We are excited to welcome Scott to the team, said Bill Cosgrove, President & CEO of Union Home Mortgage. His deep industry experience and familiarity with the growing southwestern market will serve as a tremendous asset for our organization.
Robinson has nearly 20 years experience in the mortgage lending industry. Before joining UHM, he spent 10-plus years with Gateway Mortgage Group, serving as a Loan Originator and Sales Manager. Previously, he served as a Loan Originator with Quest Mortgage, a mortgage company in Santa Fe.
Im excited to collaborate with the amazing team assembled here to continue growing the presence of UHM across the country, said Robinson. We will earnestly serve our communities, business partners and clients in our quest to help neighbors achieve the dream of home ownership.
About Union Home Mortgage
Why Florida Will Win The Union Home Mortgage Gasparilla Bowl
Yeah, UCF was great over the second half of the season.
Youd be, too, against Memphis, Temple, Tulane, UConn, and USF.
Theres a decent offensive punch from the Knights, but the running game is inconsistent and theres not enough happening down the field with the passing attack. Florida shouldnt have any problems keeping everything in from of its D.
On the other side, pound, pound, pound.
UCF doesnt care about time of possession, and having an head coach for the time being who knows the running backs like Greg Knox does should help. The Gator offensive line should be able to take over early on against a UCF defensive front that was good against the bad teams and struggled against the wrong.
UCF is 0-4 when allowing 190 rushing yards or more. Florida averages 209 per game.
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Getting A Second Mortgage
A second mortgage is a second loan that you take on your home. You can borrow up to 80% of the appraised value of your home, minus the balance on your first mortgage.
The loan is secured against your home equity. While you pay off your second mortgage, you also need continue to pay off your first mortgage.
If you cant make your payments and your loan goes into default, you may lose your home. If thats the case, your home will be sold to pay off both your first and second mortgages. Your first mortgage lender would be paid first.
Florida Vs Ucf Union Home Mortgage Gasparilla Bowl Preview
Youd think two schools 125 miles away from each other would have a long, storied history of games, but these two have only played twice, and neither one was pretty.
Florida won 42-0 in 2006 and 58-27 in 1999. This time around should be far more entertaining.
Both teams fought through difficult seasons, but in vastly different ways.
Florida looked great early, pushed Alabama to the edge in a 31-29 loss, and that was about it. The defense fell apart, the offense lost its consistency, and a run of five losses in seven games ended the Dan Mullen era.
The team got it together, though, to take out Florida in a bowl-or-go-home regular season finale.
UCF was expected to be a contender for the AAC title under new head coach Gus Malzahn, but it lost QB Dillon Gabriel early on, RB Isaiah Bowser couldnt stay healthy, and a blowout loss to Cincinnati made it seem like a lost season before the team rolled to five wins in the last six games.
There might not be the explosiveness the UCF offense is used to, but the defense has been solid with a great pass rush to help push past a whole slew of issues.
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Florida Vs Ucf: Union Home Mortgage Gasparilla Bowl Whats Going To Happen
Well know within the first two minutes whether or not Florida has this.
It might have been a rough year for the Gators, but will the juice of playing UCF for bragging rights matter? Theyve got the talent, the system, and the ability to crank up an easy win, but focus hasnt exactly been a strong suit for the 2021 team.
UCF will certainly bring the fire, and itll stay in the game with takeaways, but the Gator defense will clamp down when it has to.
It wont be scintillating. Florida will run, and run, and run. Itll try controlling the clock and the game throughout, and then will run some more.
Why Ucf Will Win The Union Home Mortgage Gasparilla Bowl
Exactly how focused will Florida be?
It might not be quite as ugly as last years 55-20 loss to Oklahoma in the Cotton Bowl after the offense lost a slew of key parts to the NFL but itll be interesting.
Top WR Jacob Copeland is in the transfer portal, a whole slew of other parts are either auditioning for a new staff or for a future home, and interim head coach Greg Knox is the transition man before the Billy Napier era kicks in full force.
The Gators fought to get here with a win over Florida State to close out the regular season, but UCF clamped down hard over the entire second half of the year with an improve passing game and a defense that allowed 17 points or fewer in five of the last six games.
Turnovers and interceptions are a major problem for the Gators, and UCF is great at generating takeaways.
Penalties are a major problem for the Gators, and UCF is decent at limiting the flags.
The mistakes arent exactly going to clear up in a turmoil-filled environment and UCF will have to capitalize on all of them.
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