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|wyndham mortgage loans 2022 in english|
People should have a choice and experience the mortgage process in a way that best suits their needs. We are prepared and equipped to take on all these different experiences with individual mortgages, so customers can be sure that they will get the transparent and top-notch customer service they deserve.
Every mortgage is like a fingerprint, and it’s uniquely different once you put it under the microscope.
Wyndham Capital Mortgage loans at a glance
- Conventional loans: Yes
- FHA loans: Yes
- VA loans: Yes
- Refinancing: Yes
- Jumbo loan: Yes
- Adjustable rates: Yes (10/1, 7/1 and 5/1 ARMs)
- Fixed rates: Yes (10, 15, 20 and 30 years)
Based in Charlotte, North Carolina, Wyndham Capital Mortgage is an online home lender that it says leverages automation technology to save borrowers time and money. It offers a variety of mortgages, including FHA and VA loans.
Founded in 2001, the company lends to 47 states and the District of Columbia.
Wyndham Capital Mortgage was founded in 2001 with two goals – to provide exceptional customer service and to give people a great deal on their mortgage. Founder and CEO Jeff Douglas saw the potential of an innovative digital experience, which at the time was a clumsy, congested and tedious process; So, he quit his corporate job and started working on the ‘way to the future’ from the spare bedroom of his fixer-upper home. Thus, WCM was born and the story begins. That being said, Jeff will tell you the true origin story of Wyndham Capital – and how Wyndham Capital has come to define ‘fintech mortgage lending’ – really only started less than a decade ago. While the company has already provided great value, service and convenience to its customers, this step was taken to start providing the same level of trust, technology and transparency to its employees.
5 things to know about a Wyndham Capital Mortgage loan
If you’re considering applying for a new mortgage or refinancing your existing mortgage with Wyndham Capital Mortgage, you’ll want to know its strengths and weaknesses. Here are some things to keep in mind.
1. Several loan options to choose from
Wyndham Capital Mortgage has a long list of mortgages to explore. Those with good credit may appreciate its traditional and jumbo loans, while first-time home buyers may also want to consider its FHA and VA loan options.
Wyndham Capital also offers a lot of mortgage refinance flexibility. Depending on your existing loan type, you may be able to choose one of the following options:
- Traditional “rate and term” refinancing
- Cash-out refinancing
- FHA Streamline
- VA Streamline
If you already have a VA or FHA loan, choosing one of the “Streamline” refinancing programs could save you time and stress.
2. End-to-end digital experience
With Wyndham Capital Mortgage, you can have a truly paperless mortgage experience. Every step of the process from loan application to closing can be completed on your computer or phone.
Using the technology, Wyndham Capital says it has streamlined the process of collecting and analyzing data from its clients. You can still speak to a human loan officer at any time, but Wyndham says its digital processes allow customers to reach closings faster than the industry average.
3. Automated, home-specific preapproval letters
Through its Priority Purchase Program, you can apply for pre-approval for a Wyndham Capital mortgage. Instead of just checking your credit, the mortgage pre-approval process involves verifying your employment and income information.
Those who complete this process can begin the home buying process with a pre-approval already underwritten. Wyndham Capital helps its customers find a home by providing them with free access to the MLS database.
Once you’re ready to make an offer on a home, you can request a property-specific pre-approval letter from inside Wyndham Capital’s HomeScout app. These custom pre-approval letters are generated automatically and can be created at any time of day or night.
4. On-time closing guarantee
Wyndham Capital Mortgage says it will reimburse you up to $5,000 if it’s your fault that you don’t reach the closing table on time. To qualify for this on-time closing guarantee, you must meet a number of requirements, including the following:
Set your closing date no earlier than 25 days before you receive your “intent to move forward” (30 days for VA loans and 40 days for jumbo loans).
Upload all your required documents within five business days of pre-approval
You must choose one of Wyndham Capital’s preferred settlement agents. If you decide to go with a non-preferred settlement company, you may still qualify for a closing guarantee of up to $5,000.
5. Transparent pricing
On its website, Wyndham Capital publishes its starting mortgage rates for the loans it offers. It also provides loan fee estimates and indicates how discount points may affect your rates.
- Home type
- Home price range
- Home location
- Down payment amount
- Borrower income
- Borrower credit scores