ANN ARBOR, Mich., Sept. 16 /PRNewswire/ -- InterFirst Wholesale Mortgage
Lending, a division of ABN AMRO Mortgage Group, Inc. and one of the nation's
top wholesale lenders, recently began offering renovation and rehabilitation
mortgage loans through its Construction Lending Center (CLC). CLC's
renovation and rehabilitation loans can be used to finance additions,
structural repairs and renovations.
"CLC's rehabilitation and renovation loans are essential to mortgage
brokers seeking to expand their purchase market business," said William A.
Newman, InterFirst president. "By providing the ideal solution for consumers
considering the purchase of a home that requires some upgrades, rehabilitation
and renovation loans enable mortgage brokers to continuously build two
valuable referral sources: Realtors and builders."
CLC's rehabilitation and renovation loans provide funding based on the
completed value of the home after the renovation, enabling consumers to afford
major renovations or repairs. CLC's rehabilitation and renovation loans are
granted as first mortgages.
The new rehabilitation and renovation loans are part of InterFirst's "All
in One" construction loan program. "All in One" simplifies the mortgage
process for mortgage brokers, Realtors, builders and home buyers. Unlike
other construction loan products, with "All in One," the homebuyer enjoys the
convenience of only one application, one closing and one set of closing costs.
For more information on InterFirst's CLC or its rehabilitation and
renovation loans, please call 866-732-1030 or visit
http://www.InterFirst.com .
About InterFirst Wholesale Mortgage Lending
Headquartered in Ann Arbor, Michigan, InterFirst Wholesale Mortgage
Lending is consistently one of the nation's top wholesale and correspondent
lenders. From its inception, InterFirst has created and maintained its
position as an innovative market leader by responding to the needs of its
customers with personalized service, training, and marketing support.
InterFirst Wholesale Mortgage Lending is a division of ABN AMRO Mortgage
Group, Inc.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO
ABN AMRO is a prominent international bank, its origins going back to
1824. ABN AMRO ranks 11th in Europe and 20th in the world based on tier 1
capital, with over 3,000 branches in more than 60 countries, a staff of about
107,000 full-time equivalents and total assets of EUR 632.8 billion (as of
June 30, 2004). ABN AMRO is listed on the Euronext, London and New York stock
exchanges.
SOURCE InterFirst Wholesale Mortgage Lending
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Related links:
http://www.InterFirst.com
CONTACT:
Jenn Cornell of Eiler Communications,
+1-734-761-3399, or Jenn@EilerPR.com , for InterFirst Wholesale
Mortgage Lending
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