We all know that mortgage rates are dipping lower and lower with the current status of the economy. Although a bleak economy can mean bad things for individuals, one of the positive sides to it is the availability of low mortgage rates. If you’ve recognized the opportunity of getting a new mortgage or refinancing now, then these low mortgage rates are certainly good news for you.
One of the lowest mortgage rates available is from Aimloan.com. Currently, they are offering an extremely low rate of 3.625% on a fixed 30-year mortgage. This is much lower than the national average of 4.3% which is already down 3 points from last week. Aimloan also bagged the lowest mortgage rates for July, and is apparently remaining to be one of the best providers for discounted mortgage rates.
Aimloan.com was founded in 1998 as an Internet Direct Lender which was aimed to use technology in a way that will bring down costs, thus returning more to their investors through offering lower interest rates. Their system eliminates the need for a mortgage broker and a commissioned loan officer which are some of the highest cost components of the mortgage process. Up to this day, Aimloan has funded over 33,000 customers reaching a total of $9 billion in mortgages. It is also available in 46 states nationwide.
Other mortgage rates from Aimloan include:
* 15 year fixed mortgage at $417,000 – 2.875%
* 5/1 ARM at $417,000 – 2.00%
* 30 year fixed mortgage at $625,500 – 3.750%
Aimloan is also federal and state regulated and remains in good standing with regulatory agencies such as Freddie Mac, Fannie Mae and 46 other State Licensing Agencies. Finally, one of the best things about Aimloan is that it features a user friendly application that can be completed in just 20 minutes. Loan approval is also automated and can be seen in just 60 seconds.
Don’t miss out on the chance to get a loan at extremely juicy rates. With Aimloan’s low rates and fast approval, you’ll be getting a good deal on a home that would otherwise take you longer to pay off.