Saxon Mortgage

Saxon Mortgage offers loans for home mortgages and refinancing to borrowers including people with questionable credit histories. This company also operates under the trade names Saxon Home Mortgage, and Saxon Mortgage, Inc.

Saxon Mortgage provides quality service to customers and strives to deliver information in a timely manner. This company offers the following loans options:

• Purchase a Home
• Refinance
• Home Improvement
• Debt Consolidation

To start the loan application process, email or call a Saxon Mortgage loan counselor or stop by one of their branch locations. Once you've taken that first step, the loan counselor prepares disclosures and verifies the loan amount and interest rate. Other services provided by the loan counselor include:

• Orders appraisal and title report
• Submits customers paperwork to underwriting department
• When loan is approved, coordinates the closing

As a mortgage lender, Saxon realizes that every person's situation is different. Loan counselors provide information so customers can take into consideration the cost of living in the area to which they are relocating. This relevant information may put the financial future into perspective when deciding on what terms will work to the borrower's advantage. Saxon offers the following mortgage options:

• Adjustable Rate Mortgage
• 15 Year Fixed
• 30 Year Fixed

Because Saxon targets those with less-than-ideal credit, their interest rates tend to reflect this risk and are usually at the high end of interest averages.

A variety of payment methods are offered by Saxon Mortgage. It is important to note that there may be a charge for some of these services. Payment options include:

Just like it sounds, the Online Payment features allows customers to make their mortgage payment online using their checking account. Choose the Pay Saxon option and you can schedule your mortgage payment days ahead or just pay on the current date. Every time a customer makes a payment they can choose what day they want to process their payment. If payment is delinquent, late charges are added to the amount due.

Automated Pay allows Saxon Mortgage customers to make payments over the phone. This feature is available 24 hours a day. To use this option, customers call a toll free number and follow prompts which direct the call the Western Union Pay by Phone. The process only takes a few minutes. All payments received before 9:00 P.M. CST will be credited to the customer's account the same day.

Saxon Express is a monthly draft service that automatically deducts your mortgage payment from a checking or savings account. Customers choosing this method of payment can select the day they want the money to be taken from their account.

For those who would rather not deal with finances through the Internet, customers can always call a customer service representative and tell them they want to make a payment. Or you can make your payment the good old-fashioned way and put it in the mail.

When shopping for a mortgage there are so many things to take into consideration. For those who have less-than-ideal credit, Saxon Mortgage might be an appropriate lender. However, if their interest rates seem exceptionally high it doesn't hurt to check around to see what other options you have available. In some cases, even people with a blemished credit history have been able to qualify for loans with attractive terms and rates. Be sure to shop for your best option and compare interest rates. A mortgage is a long-term commitment and you want to make sure you find the best deal available.

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