InterFirstlink goes for seconds

InterFirstlink goes for seconds MortgagePress.comInterFirst Wholesale Mortgage Lending, Interfirstlink The Financial Institutions Group of InterFirst Wholesale Mortgage Lending has expanded its InterFirstlink program to include second mortgages. Closed-end, fixed-rate (program 410) and closed-end, balloon (program 411) programs are now available through InterFirstlink, a Web-based system that enables community banks to offer industry-leading mortgage products and services to consumers in their local markets. InterFirstlink's closed-end, fixed-rate program includes 10- and 15-year fixed-rate options. Its closed-end, balloon program offers mortgage loans with a 30-year amortization and a 15-year balloon. The programs are eligible with all of InterFirstlink's full documentation, first-lien loans. The second mortgage products offered through InterFirstlink can assist borrowers by increasing cash proceeds to the borrower or eliminating the need for borrowers to obtain private mortgage insurance that, unlike mortgage interest payments, cannot be deducted from their taxes. The Financial Institutions Group of Ann Arbor, Mich.-based InterFirst Wholesale Mortgage Lending provides mortgage capabilities to community banks through its InterFirstlink program. For more information, call (800) 770-1673 or visit www.interfirstlink.com.