Langhorne PA Mortgage Lender

The Bill Mervin Team at Apex Home Loans

MORTGAGE CALCULATOR

Monthly Mortgage Payments

Let us help you achieve your dreams

We’ve helped fund more than $250 Million in home loans

Whether you are buying a home, refinancing to a lower interest rate, refinancing to obtain cash or converting from an adjustable-rate mortgage (ARM) to a fixed-rate loan, we’ll help you choose the right loan. Reach out today for a simplified experience and find a home loan that help you achieve your dreams.

Are you looking for a mortgage calculator?  We have provided a monthly loan payment calculator for your convenience.  Click Here

FHA Loan is insured by the Federal Housing Administration. This is an attractive option for many first-time home buyers because it allows for lower down payment and easier credit qualifying.

  • 3.5% down payment
  • Program can be combined with additional down payment assistance programs to further reduce costs
  • Monetary gifts from family can be accepted towards down payment
  • The Seller can pay up to 6% towards closing cost / prepaids
  • Fixed- or adjustable-rates available (ARM)
  • Shorter waiting period after a derogatory credit event

A Conventional loan is one of the most popular types of loan programs and is ideal for home buyers with good credit scores. There are a variety of conventional loan programs with different minimum down payments. We lend both conforming and non-conforming (jumbo) loans.

  • Minimum down payment requirement 
  • Advantages for higher down payments
  • Ideal financing for properties commonly restricted by government loans
  • Several Private Mortgage Insurance (PMI) options available for loans with less than 20% down, including:
    • One-time, upfront PMI
    • Monthly PMI, which could cancel at 78% equity
    • Financed PMI
    • Lender paid PMI

Veterans Affairs (VA) loans are loans provided to active-duty military and veterans. These loans are guaranteed by the U.S. Department of Veteran Affairs. For those who qualify, VA loans are usually easier to obtain than conventional loans.

  • 0% down payment (based on VA lending limits and VA eligibility)
  • Seller can pay all closing costs and escrows
  • Seller can pay debts in veteran’s name to help qualify
  • VA funding fee may be financed
  • Fixed- or adjustable-rates available
  • No monthly PMI insurance premiums

Refinancing

Refinancing is the process of getting better terms on your current housing loan by taking out a completely new loan. This new-and-improved loan will leverage positive market conditions, and Bill Mervin Team can customize it to your financial goals, helping you to achieve:

  • Lower monthly payments
  • Shorter loan terms & greater financial stability
  • Adjustable- to fixed-rate loan conversions
  • Consolidated debt
  • Home enhancements & renovations
  • Removal of PMI insurance premiums

Looking to Pay Back Your Mortgage Faster? Three Reasons to Consider Switching to Bi-weekly Payments

While there are differing schools of thought when it comes to whether or not a person should pay off a mortgage before the loan term ends, there may be some benefits to making payments on a bi-weekly basis as opposed to monthly basis. What are some of the reasons why it may be beneficial to make two payments a month instead of one? Here are three reasons why you should ditch the monthly fees and make payments once every two weeks.

You’ll Make An Extra Payment Per Year

If you’re looking to pay off your mortgage ahead of schedule, making bi-weekly payments means you’ll make an extra payment every year. Instead of making 12 large payments every year, you’ll make 26 small payments. These 26 small payments would be equal to about 13 large payments.

This is the equivalent of an extra payment per year and 10 extra payments over 10 years. If you have a 30-year mortgage, you could pay it off between two and three years early because you will make your last payment 30 months ahead of schedule.

You’ll Provide Yourself With Financial Flexibility

Making extra payments can provide you with financial flexibility that makes it easier to deal with unexpected expenses or a job loss. As you are making a half-payment every two week, you can make your payments in smaller, more manageable chunks.

It may be a good thing if you are self-employed and may not be sure when a client will pay for services rendered. Additionally, you may have your next payment reduced or advanced if you pay more than you owe in a given month.

You’ll Reduce the Amount of Interest Paid on the Loan

Paying off your mortgage faster reduces the amount of interest that you pay on the loan. Even if you only make one extra payment per year, you coud still save thousands of dollars in interest by paying your loan several months or years early.

To determine exactly how much you will save, you can use an amortization table or calculator to see how much interest you pay over the full 30 years as opposed to taking only 27 or 28 years to pay for your home. It is also important to note that making extra payments adds to the equity that you have in the home.

Making two payments instead of one each month may help you achieve financial flexibility while building equity in your home. By paying off your mortgage as soon as possible, it may enable you to put more money into a savings or retirement account. Contact a mortgage professional for more information about whether bi-weekly payments are right for you.

For more information on our mortgage program, please contact Bill Mervin Team

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BILL MERVIN TEAM - APEX HOME LOAN

Why the Bill Mervin Team?

Our team is comprised of Certified Mortgage Planners who take a holistic approach to the home loan consultation and cash flow  planning. 

As opposed to just spitting out an interest rate and monthly payment, we believe building a relationship and understanding a client’s entire financial picture and long-term financial goals allow us to counsel, educate and build a custom mortgage planning strategy. Our goal is for every client to make confident and well-educated home buying decision.

A solo loan officer’s job ends when their clients are placed in debt.

Our team feels that our job continues well beyond the day of settlement. Through our “Mortgages Under Management” program, we proactively monitor your loan program for the entire time you’re in the home, and have quarterly and annual touch-points to keep you informed throughout entire process. 

Call us at 215-910-4293 so we can walk you through the options

What Makes us Better?

Solo Loan Officer

  • Wears many hats
  • Transactional
  • Has a finite amount of time
  • Makes lots of promises
  • “Too busy” to follow up
  • Cookie-cutter approach

Bill Mervin Team

  • Focused on the partnership with clients
  • Leverages multiple peoples’ time
  • Sustainable & scalable
  • Highest quality service levels
  • Consistently delivers
  • Thorough support Staff
family buying a new home

Client Success Story

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

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5/5
  • Low Down Payment Programs
  • Low Credit Score Programs
  • Customized Marketing Support
  • Strong Core Values
  • 95 Net Promoter Score
  • Consistently Close Clear & On-Time
  • Firm Established in 1998
  • Direct Lender
  • Cutting-Edge Technology
  • Consumer Connect Digital App
  • Wide & Diverse Product Mix
  • Heroes First Program

What our Happy Clients Have To Say
About Working With The Bill Mervin Team

newtown pa mortgage

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

  • World-Class, White Glove Service
  • Chief Experience Officer (cXo)
  • Holistic Advisory Approach
  • 73-Step “Perfect Loan Process”
  • Detailed Milestone Updates for All Parties
  • Financial Market Technology & Rate Analysis
  • In-house Underwriting & Processing
  • Apex Approved Pre-Approval Process
  • Milestone Gifting Programs
  • Highly Personalized Marketing
  • Segmented, Specialized Team Roles
  • Speed, Accuracy & Results

Our team has created Mervin Missions to allow our staff to volunteer and support local charities in the community. Our Team has been fortunate to be involved with charity events since in 2013!

HOME BUYERS GUIDEBOOK

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