TrustFCI: A new look and improved loan servicing

FCI Lender services Inc,  a Private Money  that offers a full spectrum of loan servicing , collection and foreclosure services locally or nationally ,  unveiled its new and improved Web site.
Designed with the FCI’s distinctive dark red and gold colors, the informative site (www.trustfci.com) is easier to navigate to  provide their visitors  a detailed overview of the company.
The goal of this new look is to make the FCI’s Web site as customer friendly as possible,  easy on the eyes and offer a wealth of useful information.
This new look enables visitors to instantly locate information about FCI services because they have tried to place  most used links directly on home page and also has links that redirect to the FCI exchange  website, the web trading platform to buy and  sell all types of real estate secured loans.
Through the site’s enhanced , Fci offers Loan Servicing 24/7 Live Login to its customers   that sets information access, transparency and full disclosure. With this option,  private Money Lenders, Private Money Brokers and Mortgage Fund Managers can access all their loan information and see payments received, funds disbursed, Late Letters, collection and account notes as they happen. Here, Clients are also able to sort data to create dozens of custom views and export to Excel to create custom reports.
In addition, the site  has a news section that will give visitors the opportunity to stay informed about the latest news in the industry.
Since 1982 FCI Lender Services has offered a comprehensive family of services to the greater Private Money industry.Now, FCI and its experienced staff expect the redesigned and improved website can be helpful to its clients.

Understanding Your Mortgage

Types of Mortgage Loans

Fixed-Rate Loans The most common mortgage loan is the 30-year fixed-rate loan because the interest rate does not change over the life of the loan. Most homeowners prefer this type of loan since they know that their monthly mortgage payment will remain steady over the years. A 15-year fixed loan is becoming more popular because it reduces your time horizon on the loan, allowing you to decrease dramatically the amount of interest you'll pay over the life of the loan. Generally these loans will carry a higher rate of interest since the lender is giving up their opportunity to make more money in an economy where the interest rate is rising. Adjustable-Rate Loans The median length of stay in a home is only 8.2 years (1998 U.S. Census data), so if you plan on staying in the new home for a short period of time, you may want to consider alternative financing to the traditional fixed-rate loan. Adjustable-rate loans offer a lower interest rate for a set period of time. The interest rate on these loans can be adjusted annually or you can see them listed as "3-1", "5-1", "7-1" or many other variations. For example, under a "7-1" adjustable rate loan, the loan will stay fixed for the first seven years and then reset each year thereafter. This means that the loan will stay fixed for the first seven years. Then in the eighth year, the rate is adjusted based on current market conditions, which is usually based on the one-year Treasury index. Initially, the interest rates on adjustable-rate mortgages can be anywhere from one to three percentage points below the conventional fixed mortgage, and then typically adjusted annually after the fixed term expires. If you only plan to stay in the home for seven years, then this may be the perfect loan for you. You'll need to watch out if interest rates start to rise; you may find yourself paying more than the traditional 30-year fixed.