COMMITTED TO MEET YOUR NEEDS.

PURCHASES - REFINANCES - REVERSE MORTGAGES

Collateral Mortgage can help you with all of your financing needs.

Our experience includes FHA - VA - Conventional programs and Alternative Credit Programs. Competitive rates and Great Service that you deserve.

If you're a first time home buyer with Good Credit or Bruised Credit: We have many areas of financing.

Refinancing? No Closing Cost programs are available. We will find you  the program to fit Your specific need. Apply online today for a no-cost, no-obligation pre-approval! Many of our past customers return to Collateral Mortgage to assist with their new purchases and/or refinances. 

We offer Reverse Mortgages to our Customers age 62 or older. Our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service. We appreciate the opportunity to earn your business. If you need to refinance for a lower mortgage rate, purchase a new home, receive a home equity loan or apply for a Reverse Mortgage. Our goal is simple, offer programs that will satisfy your needs.   

Get Quick and Easy Answers at Collateral Mortgage.

At our website you can find tools available to answer virtually any mortgage question. Trying to decide to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Call us and speak with a senior mortgage consulatant. We'll be happy to prepare a personalized mortgage quote for the home mortgage program that fits your needs.

	Mortgage News Daily FICO: Americans More Likely to Default on Mortgages than Credit Cards - 1 hour ago Posted To: MND NewsWireAmerican consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. There is a parallel rise in mortgage delinquencies for these high scoring consumers. The company said that their analysis of trends in FICO scoring shows that recent repayment behavior has shifted significantly from what has historically been expected. In 2005 bankcard accounts were more than 3 times more likely to become seriously delinquent, that is 90+ days...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it. MBS LUNCH: 10 Year Treasury Auction Results and Reactions - 3 hours ago Posted To: MBS Commentary10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the announcement 4.5's are now down only 2 ticks on the day at 100-29 and 10yr yields are back down to 3.72+ from 3.74+ Here is a breakdown of the auction results: 9-YR 11-MO NOTES YIELDS High 3.735 pct Median 3.700 pct Low 3.636 pct PRICE/ACCEPTANCES Price 99.090493 Accepted at high 70.94 pct Bid-to-cover ratio 3.45 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 21,000,013,800 Total public bids tendered 72,466,493,000 Competitive bids accepted 20,829,510,800 Noncompetitive bids accepted 70,503,000 Fed add-ons 248,452,700 Primary Dealer Tendered 49,661,000,000 Primary Dealer Accepted 9,857,410,000 Primary...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Loan Demand Stagnates. Only One Bright Spot in the Production Slowdown - 4 hours ago Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase in home buying interest, a positive for the housing industry and economy as a whole. Furthermore, in a low mortgage rate environment, such a trend implies consumers are seeking out lower monthly payments which can result in increased disposable income and therefore more money to spend on discretionary items or to pay down other debt. From the release: The Market Composite Index, a measure of...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.