BOSTON, MA--(Marketwired - Jul 15, 2013) - National Family Mortgage (http://www.nationalfamilymortgage.com) today announced that it has facilitated over $100 million in peer-to-peer lending volume, less than four months after passing $75 million in March 2013. National Family Mortgage expects to pass $200 million in peer-to-peer home loans during 2014.
"Baby Boomers seeking stronger investment yields continue to recognize the benefits of investing in their family. At the same time, as the residential real estate market heats up and institutional home loan interest rates rise, both Millennials and Generation X recognize the numerous win-win benefits of borrowing money from their family," said National Family Mortgage CEO, Timothy Burke. "National Family Mortgage will continue to launch innovative financial products that save families money, and we will continue to efficiently serve the Financial Advisors, Tax Professionals, and Estate Planners, who value our fee-based solutions."
Most National Family Mortgage clients report using their intra-family mortgage loan to purchase a home. Typical use cases include: (A) down payment loans secured as second mortgages, (B) one hundred percent financing, and (C) seller financing. Other National Family Mortgage clients report using their intra-family mortgage loan to refinance an existing bank mortgage, or to complete a home improvement project.
National Family Mortgage also continues to win top honors from leading national award groups. National Family Mortgage recently received a Telly Award for its online promotional campaign, "The Family Bank." National Family Mortgage also recently captured three Communicator Awards, and has been nominated for two American Business Awards.
About National Family Mortgage
National Family Mortgage is an online peer-to-peer lending company committed to offering consumers alternatives to traditional and costlier forms of home financing. National Family Mortgage has developed a safe and easy way for families to structure real estate loans with their relatives -- thereby helping people arrange affordable loans, while reducing tax issues, protecting relationships, and keeping money in the family. National Family Mortgage has originated over $100 million in loan volume since inception, while keeping over $44 million in interest within families. With interest rates that are typically lower than rates charged by a bank, National Family Mortgage allows consumers to take major steps toward achieving their dreams with help from family, while saving thousands of dollars. National Family Mortgage allows clients to document Intra-family Mortgages, Deeds of Trust, and Security Deeds on Single Family Homes or Condominiums in the following US states: AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, KY, ME, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, TX, UT, VA, WA, WI, WY.
About The American Business Awards
The American Business Awards honor an all-inclusive spectrum of American business people and organizations. More than 3,200 entries were submitted to The 2013 American Business Awards and 320 executives nationwide participated in judging to determine this year's award winners.
About The Communicator Awards
The Communicator Awards is sanctioned and judged by the International Academy of the Visual Arts. With over 6,000 entries received from across the US and around the world, the Communicator Awards is an annual competition honoring the best in advertising, corporate communications, public relations and identity work for print, video, interactive and audio.
About The Telly Awards
Founded in 1979, the Telly Awards is the premier award for the best work of the most respected advertising agencies, production companies, television stations, cable operators, and corporate video departments in the world. With nearly 12,000 entries from all 50 states and numerous countries, the 2013 Telly Awards have been one of the most successful and competitive in the long history of the Telly Awards.
- Financials Industry