Indianapolis Home Loans

Langdon Mortgage Company is an Indianapolis home finance company located on the city’s northside in the Parkwood office complex at 96th and Meridian Streets. Company professionals provide counsel and execution for a variety of mortgage loans. The company can finance conventional, ARM and other types of property loans as well as provide refinance options.

Our mission is to ethically, professionally and expediently provide residential lending and finance services to our Indiana-based customers and customers relocating to the area.

From moving into your first house to building your dream house, one of the most important factors to consider is the monthly payment. LMC loan professionals work with customers to determine short- and long-term ownership goals and find the right mortgage loan with comfortable payments each month.

If you live in Indianapolis and are looking for equity from your loan or are curious about refinance options, our professionals can assist. LMC provides a free analysis to help current homeowners decide whether to take action on home equity loans or refinance options.

Whether customers are purchasing a new house or reviewing options on an existing house, an LMC professional will review a variety of programs to determine the best choice. Options include: adjustable rate; FHA; VA: conventional; interest-only: JUMBO and cash-out loans.  

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The first question we often get from a customer is about the application fee for first loans and refinance options. The answer is a simple: NO! LMC does not charge a fee to pre-qualify or apply!

There are various closing and ancillary costs to consider when purchasing a house or refinancing. Your LMC professional will provide a good faith estimate of the closing costs, which could include title insurance and origination fees. Other fees to consider:

PMI (Private Mortgage Insurance) is normally required when you buy or finance a house with less than 20% down. This insurance is a type of guarantee that helps protect lenders against the costs of foreclosure. A PMI premium is normally added to your monthly payment.

Appraisal: Your property is the collateral for the loan, so an appraisal is almost always required. You are always entitled to receive a copy of the appraisal.

Homeowner's Insurance:  Lenders often recommend or require a "guaranteed-replacement-cost" policy. This type of policy will generally pay out 20-50% more than the face value of your policy.

The LMC cash-out refinance program is often a better alternative than a traditional home equity option. When first mortgage rates are lower than equity loan rates, it usually makes sense for a borrower to tap equity by going through a cash-out refinance. In that process, the customer refinances the first mortgage, increases the balance and receives the entire difference between the old and new balances in cash at closing.

LMC professionals provide a quick and FREE analysis of your current situation and recommend your best available options. We will gladly supply a breakdown of how much cash you would get back by refinancing or acquiring an equity loan. Our accurate and honest evaluation will help you make an informed decision on whether to refinance now or at a later date.

You've been paying down your balance and property values have gone up. Tap into that wealth and reward yourself.

LMC’s Home Equity Line of Credit (HELOC) is a revolving account that is attached to the property as a second mortgage. These products provide an open reserve amount of cash that can be used for just about anything ... consolidating debt, household improvements, college tuition.