First Merit Bank Mortgages

First Merit Bank offers Mortgage Programs such as New Home Purchase and Refinance (a Conventional Fixed-Rate Mortgage, an Adjustable Rate Mortgage(ARM), or Interest First Repayment Option), Construction, Bridge, Lot Loans, Realtor Referral Program (FirstMerit Mortgage Corporation gives customers the names of Realtors and up to a $2,250 incentive), Condo, Rehab, Jumbo, and Split Loans (provides flexible borrowing options when purchase a condominium, rehabilitate a home, or large property, or want to split the loan to provide additional funds at a low cost) and Special Programs include FHA/VA, Ohio First Time Homeowner, PA First Time Homeowner, and BEST Loans. FirstMerit Mortgage Corporation also offers a reverse mortgage to its customers. A reverse mortgage is a type of loan that allows homeowners age 62 years and older to convert home equity into cash.

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Home Purchase Loan

First Merit Bank has a Conventional Fixed-Rate Mortgage, an Adjustable Rate Mortgage (ARM), or Interest… Read More »

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Refinance Mortgage

First Merit Bank has a Conventional Fixed-Rate Mortgage, an Adjustable Rate Mortgage (ARM), or Interest… Read More »

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Steve answered jrgarcia87's question:

Unknown-small
jrgarcia87 asked:

Trying to get help for my parents

Guru
Steve answered:

IF your parents are over the age of 62 and IF they have the necessary equit...

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Type Today Week Ago
15 Year Fixed 4.83% Rates_down 4.99%
30 Year Fixed 5.12% Rates_down 5.18%
1 Year ARM 3.97% Rates_down 4.00%
5/1 Year ARM 4.54% Rates_up 4.53%
Type Today Week Ago
Line of Credit 4.53% Rates_down 4.65%
10 Year Loan 7.70% 7.70%
15 Year Loan 7.85% 7.85%
Type Today Week Ago
Interest Checking 0.34% 0.34%
Money Market/Savings 0.59% Rates_deposit_down 0.61%
12 Month CD 2.04% Rates_deposit_down 2.11%
60 Month IRA CD 2.95% Rates_deposit_down 3.01%
Type Today Week Ago
Cash Back Cards 10.51% Rates_down 10.72%
No Annual Fee Cards 10.95% Rates_down 11.01%
Reward Cards 11.54% Rates_down 11.65%
Small Business Cards 10.67% Rates_down 10.80%
Student Cards 13.20% Rates_down 13.45%
Platinum Cards 10.92% Rates_down 11.04%
Provided by Informa 01.07.09