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Archive for Mortgage – Page 4

The Best Mortgage Rates and Deals at Loan Depot

By BankAim · Comments (0)
Saturday, May 5th, 2012

It’s a fact that the real estate industry in America has been hit badly by the recession in the past few years. Many families had to give up their houses simply because they could no longer pay for the heavy mortgage. But on the other hand, there are still many people who are in need of a good home, and in order to keep paying for the houses they dream of, it’s strategic to get a mortgage with the best mortgage rates.

When people make loans, the deciding factor will usually depend on the lowest mortgage interest rates so that they can adjust to the payments that their monthly financial assets will be able to cover. One of the companies that offer the best deals in terms of mortgage rates is Loan Depot. This lending company has been doing transactions for over twenty five years, and they have helped many families acquire their own houses to transform into a home. They offer mortgage loans with affordable rates, and will surely be of big help to those who are interested.

Mortgage Advantages from Loan Depot

First, they offer a thirty year fixed mortgage which is a good option for those who are just starting out. The longer the term, the easier the monthly responsibility will be. On the other hand, they also offer other choices such as the 10 year, 15 year, and the 20 year period options. It will just be up to the borrowers to get what type of mortgage they prefer.

Another advantage with Loan Depot is that the mortgagor can place as little as 5% down payment, this is a great deal for those who don’t have a lump sum in hand, but who do have enough monthly income to cover the payments.

Finally, loan depot have federally insured FHA fixed rate loan programs with as little as 3% down payment only.

If you are looking for the best mortgage interest deals then you should be checking out Loan Depot. Application forms are available online for your own convenience; they also have a hotline that will provide all necessary information needed when getting a mortgage loan.

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SunTrust Offers Promising 3.99% Interest on a 30-Year Mortgage Rate

By BankAim · Comments (0)
Tuesday, April 17th, 2012

Still disappointed in how the mortgage rates look these days? Then you might not be looking in the right places. Awesome deals and great interest rates – this is what SunTrust Mortgage is all about.

About the Rates

Here are the interest rates they offer:

Term – Annual Percentage Rate
30-year Fixed Conventional - 4.0938%
15-year Fixed Conventional – 3.5925%
30-year Jumbo Fixed - 4.6094%
Agency 5/1 ARM 30-year - 3.1183%
Agency 7/1 ARM 30 year - 3.1561%
30-year FHA Fixed - 4.8130%

Depending on the features of your specific loan, these rates, as well as discount points may vary. Costs may apply which includes average loan fees, origination points, and even closing cost. Usually, deals can be locked within a 60-day period, provided that the process will go smoothly.

The national average for a 30-year fixed conventional mortgage rate is at 3.88%. What SunTrust Bank offers is slightly a bit higher than this, but it is significantly lesser than other lending institutions. CitiBank offers a high 4.375% mortgage rate, while US Bank gives an interest of 4.125%.

The conventional, adjustable, and Jumbo policies differ in so many ways. Specific computations for your intended loan depend on these differences which are disclosed to you when you ask for a one-on-one consultation from one of their friendly customer service personnel.

Application for a loan usually involves a lot of paperwork. At SunTrust Mortgage, this is not so. They have simplified the process for its customers, giving every bit of convenience that they can.

Payment options can either be done online, by mail, or in person. The monthly payments are inclusive of principle, interest, and escrow – all of which depends on the type of loan you’ve signed up for. Individualized computations for your loan can be given for free upon request.

About SunTrust Bank, Inc.

SunTrust Banks is among the leading financial groups in the United States, with a total asset of $172.6 billion. Although it is based in Atlanta, it is able to reach out to other states which incudes Florida, Maryland, Georgia, Tennessee, North and South Carolina, Virginia, and District of Colombia.

Aside form mortgages, it offer other services such as banking, insurance, brokerage, equipment leasing, as well as capital market services.

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Seckel Capital Offers 3.875% Rate For a 30-Year Fixed Mortgage

By BankAim · Comments (0)
Thursday, April 5th, 2012

Homebuyers this year are in for much better advantages than prospective buyers in the past. This is because the market in homes now enjoys lower rates and prices. If you’re thinking about making your first purchase this year, then you’re in the right track. And Seckel Capital Mortgages will help you through the process by their current rate offers.

Competitive Rates for Your New Home

This week’s national average climbed to 4.04% for a 30-year fixed mortgage. At Seckel Capital, you’ll be getting one of the best deals in town. At a rate of 3.875% and an APR of 3.965%, this definitely places SC mortgages among the top lenders out there. This is also the best rate Seckel Capital provides among the other mortgage terms it offers.

For a 15-year fixed mortgage, the rate is placed at 3.250% and an APR of 3.409%. This is applicable for loans that amount to a maximum amount of $417,000.

Adjustable rates are available for those who are looking for more volatility in their monthly payables. A 5/1 ARM has a rate of 3.375%, while its APR is at 3.462%. The adjustable rate for a 7-year term has a rate and APR of 3.500% and 3.588% respectively.

FHA loans are a great way to obtain a loan that consumers would otherwise be unable to afford. These is backed-up by the government and is a great way to allow people reach their housing goals. Seckel Capital has 30-year and 15-year FHA loans. The rate for the former is at 3.875% while its APR is fixed at 3.966%. On the other hand, 15-year FHA loans set a rate of 3.250% and APR of 3.409%.

Loans of up to $625,500 are also available. The terms and their corresponding rates are as follows:

Rate APR
Super/Conf 30 4.125% 4.161%
Super/Conf 15 3.750% 3.814%
Super/Conf/5/1 3.375% 3.552%

For your specific mortgage needs, you can make use of the mortgage calculator found in their website to determine your monthly payments. Application is very easy as you need to do is set-up an online account to have your loan processed. Once everything is set in order, your desired housing loan can be approved in as early as 21 days.

Seckel Capital is very confident that they have the lowest rates available because they challenge the consumers to find a lender with a much lesser quote than what they offer. If the customers are successful in doing so, SC mortgage might even lower their own offer.

If that doesn’t sound like a good deal, then we don’t know what is.

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Invest in a Home with Mortgage Capital Associates’ Low Rates

By BankAim · Comments (0)
Thursday, March 22nd, 2012

Today’s rates for home purchasing saw a rise of up to 4.29% for a 30-year fixed loan. Many lenders refuse to hold steady with their lesser rates, but Mortgage Capital Associates are listed among the few that continue to offer affordable and cheaper interests for buyers out there.

About the Rates

Mortgage Capital Associates has these following rates available:

CD Rates

30-Year Fixed Rate - 4.091 APR
15-Year Fixed Rate – 3.246 APR
5/1 ARM - 2.898 APR
30-Year FHA Fixed – 4.413 APR

The 30-year fixed loan is much less than today’s average of 4.29%. This means that once you sign up for a home loan under Mortgage Capital, you will be getting up to 0.29% in discount. Not bad a deal indeed.

How to Apply in 3 Steps

To get a loan from MCA, all you need to do are the following:

1. Download all the application forms form their website and fill them up.
2. After signing, fax the forms to the number posted on their site.
3. Mail the original documents to their headquarters’ address as shown on their homepage.

To speed up the process, you must have the following documents ready for sending:

• One month’s worth of the latest paystubs you have
• The previous 2 year’s W2’s
• The previous two year’s signed copies of tax returns, with schedules of filing
• Company number and name of your homeowner’s insurance
• Two month’s worth of the latest bank statements
• Two month’s worth of the latest statements form any investment or retirement accounts

About Mortgage Capital

This company was originally founded in Los Angels in 1982. Because of its consistent offer on giving out low mortgage rates, along with company credibility, it now ranks among the top 200 lenders in the country.

Mortgage Capital Associates caters to a wide audience all over America. It provides loans to any of these states: Arizona, California, Colorado, Connecticut, District Columbia, Delaware, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

There are numerous factors to consider when purchasing a new home. Although the cost of the mortgage may seem like the most important thing, the reputation of the lending company should also be taken into account. With Mortgage Capital Associates, you get the best of both worlds.

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SpeedTrack Loans Hold Steady Mortgage APR Despite Rising Rates

By BankAim · Comments (0)
Friday, March 16th, 2012

First-time home buyers have a reason to worry. Mortgage rates have risen even more this week, ending up in a 3.875% APY for a 30-year fixed term. Some lenders even bumped into a 4.125% price tag. With very little expectation that these rates are to fall anytime soon, refinancers and home-buyers are starting to doubt if this is the right time to make that loan.

However, it takes only a bit of good research skills to get yourself really low mortgage rates. SpeedTrack Loans is one of the few lending companies that boast of very competitive rates, finishing close to the past month’s leader, Amerisave.

How The Rates Compare

For a 30-year fixed rate, SpeedTrack Loans has a rate of 3.25% and an APR of 3.469%. This is even better than Amerisave’s 3.729% APR, catapulting SpeedTrack Loans on the top of the list.

The 30-year fixed rate offers the best security since you’re sure to maintain the same APR for the rest of the term. This can be a good thing if mortgage rates continue to sky-rocket.

For the 15-year fixed rate, they offer an equally low 2.75% rate and an APR of 3.17%. Their 7-year adjustable rate is priced at 1.875% and an APR of 2.51%.

The Application Process

Aside form very low rates, SpeedTrack Loans also provides an easy way for anyone to start their loan application. It only requires you to enter some brief information online, after which you will choose the kind of term you want. When this is done, a mortgage consultant will personally assist you through your needs. What’s more, they will also give you their contact number. This is a good way for you to raise up any concerns – whenever, wherever.

You may choose to finance up to 100% of your loan. There are also other ways for you to pay the mortgage in more flexible terms. Downpayment is usually priced at 20% the amount, but if you find yourself short on cash, SpeedTrack Loans can let you shell out only 5%.

Once the application is approved, you will be sent a disclosure of the terms of agreement. You will be asked to review the terms before the closure is done.

So what makes SpeedTrack Loans special? You can be assured that your mortgage payment for the whole term stays low, since the current 30-year fixed rate for SpeedTrack Loans is very near to historic lows. Sounds like a great value for your money indeed.

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Good Mortgage Rates from Good Mortgage.com

By BankAim · Comments (0)
Tuesday, March 6th, 2012

From the previous 3.95% national mortgage rate last week, the figures have cut down to 3.90% this week. This lucky strike hopes to draw many new home purchases or refinancing. This is why Goodmortgage.com, an online direct lender, offers very low mortgage rates.

About the Rates

Here are some of the rates the company offers:

Loan Program – Current Rate – APR
30 year fixed – 3.625% – 3.87%
15 year fixed – 3.0% – 3.22%
7/1 ARM – 2.75% – 2.87%
5/1 ARM – 2.375% – 2.52%
10 year fixed – 2.75% – 3.19%
30 year no origination – 3.875% – 4.01%
FHA purchase – 3.75% – 4.11%
30 year HB Jumbo – 4.0% – 4.175%
30 year Jumbo – 4.25% – 4.379%

The APR for all these mortgage agreements are based on a loan amount of $200,000, given that a downpayment of 25% has been made. This also applies for accounts with no discount points, but with the 1% standard origination.

For HB Jumbo loans, a 25% downpayment is also required, provided that the loan amounts up to $550,000.

The Loan Process

The loan process begins when you fill up the application form for loans either online, or through confirmation with a mortgage consultant. In the form, you are asked to mark the checklist provided. This will be the basis of your loan analysis from which the consultant will provide you with the best options suited for your needs. This pre-approval only takes up to 4 hours at a maximum.

Once your application is approved, you are required to pass documents regarding salary and income, assets, and other related papers. Upon completion, your rate, as well as you loan, is now ready for lock-in.

A loan processor then proceeds to the appraisal of the property, while taking into account your credit history and other important personal background information. After this appraisal period which usually takes one to two weeks, your loan is then ready for closure. By then, you’ll be ready to move into your new home.

About GoodMortgage.com

This company is one of the few direct lenders that offer services online, providing convenience and an even wider reach to consumers. They have all sorts of mortgage schemes for every individual’s different preferences. They also provide the service of mortgage consultants which can personally help you through every step of the process.

With these incredibly low rates form GoodMortgage.com, having an investment property has never been more worth it.

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Home Loan Enterprise Grants Super Low 3.250% APY on Mortgages

By BankAim · Comments (0)
Wednesday, February 29th, 2012

Have you started planning out how your future home would look like? If so, wouldn’t it be nice to make that dream into reality? Getting a mortgage loan may seem daunting and difficult, but it doesn’t have to be. Home Loan Enterprise can assist you through a smooth, fast, and easy approval in no time.

What makes Home Loan Enterprise worth it?

1. Low Rates

The national average for a 30-year foxed loan is currently at 3.85%. But with HLE, they offer a rate of 3.5%. This corresponds to a 0.375 points discount.

2. Points system

The points system allows you to save on your monthly mortgage payment by giving a certain amount of upfront payment upon closing the deal.

For example, you are applying for the max loan amount of $417,000. An upfront payment of $ 8,861.25 can give you 2.125 points. Because of this, your APR can go as low as 3.250% – the lowest offering offered by any other lender these days. This translates to a $ 1,814.81 monthly payment thereafter.

Since the points system depends on how much you initially pay for, APR may vary. The higher your payment however, the lower APR you will incur. In the future, you get to save more money because of the cut-down in monthly payments.

3. Free quote online

If you’re still browsing around for rates comparison, getting a quote specific for your needs is fairly simple from HLE. It’s for free and they won’t even require any personal data about you.

4. Fast Loan Approval

Once you get approved for your loan, you don’t have to wait for months before you finally move into your new home. Closing the deal can happen in as less than 2 weeks.

5. All loans are approved by Fannie Mae and Freddie Mac

Being a member of the Federal National Mortgage Association allows lenders such as HLE to reinvest their assets in more lending, thereby decreasing their dependence on thrifts.

Not So Good Points

1. Lock Down Rates

If you are eligible for the 3.250% APR, you won’t have to worry about monthly payments rising every now and then. HLE has a policy that assures its customers that they will be able to keep paying only for that low APR as long as the terms still applies. This means that despite the volatility of the economy, you continue to pay only for the rate that was originally approved on.

This can either be a good or a bad thing. It’s good if the economy continues to see rising rates in mortgages, but it can be disappointing if these rates go the other way.

2. Refinance and Purchase fees

If it’s refinance you want, HLE will take care of choosing the Title and Escrow companies. Therefore, if you’re eyeing for a different company, you won’t be able to get the deal with them.

Also, purchase fees only include lender and appraisal fees, and excludes the title and escrow fees.

Despite the points for improvement, there’s a lot to love at Home Loan Enterprise. If it’s mortgage you’re seeking, then you might just find a good one here.

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Special Home Equity Offer From SEFCU

By BankAim · Comments (0)
Thursday, February 23rd, 2012

This weekend saw mixed moves in terms of mortgage highs and lows. However, some of the non-movers come from credit unions, which undoubtedly offer better rates than banks. With a reported national average on 30-year fixed mortgage rate of 3.98%, SEFCU is among the few lending companies that took a dive in rates. And in terms of paying mortgages, less is better. What’s more, SEFCU is giving away a very special offer that’s sure to have you close a deal in no time.

Special Offer

Currently, SEFCU is giving a special offer in home equity rates. This promo will allow the company to finance 70% of your home equity. It also features a low rate of 3.500% for a 10-year fixed period. This is applicable for a 50% Combined Loan to value home equity.

A 50.01%-60% loan-to-value APR is 3.75%, while a 60.1%-70% gives an APR of 4.00%. These are applicable to a 10-year term only. This gives you up to $350,000 in loan, which you can pay off through payroll deduction, automatic transfer, or direct deposit. And whether you pay monthly or bi-weekly, early payments allow you to skimp on penalties.

This special offer happens only once-in-a-lifetime so grab it while you can. After all, buying a new house is a once-in-a-lifetime decision you can’t compromise.

Competitive Mortgage Rate

Home improvement and home equity loans are just some of the services offered by SEFCU, but these are among the most sought after offers they have. This is mainly due to their competitive rates. For example, their 30-year fixed mortgage has an interest rate of 3.875% and an APR of 3.928%. Rates are most significant every quarter percent, allowing one to pay off less, but sometimes it doesn’t hurt to choose this lesser figure as well.

A 15-year fixed rate from the same credit union has a rate of 3.250% and an APR of 3.343%. The national rate for this term is at 3.29%.

If you go for adjustable rates, a one-year plan can offer you a rate of 4.125% and an APR of 3.253%, while a 5-year adjustable rate has a 3.500% rate and a 3.307% APR.

About SEFCU

SEFCU has been around since the 1930’s, establishing its name in the lending business. Today, it has more than 40 branches across the state.

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Take the Go Signal in Mortgage Rates from Greenlight Financial Services

By BankAim · Comments (0)
Friday, February 17th, 2012

The past week saw mortgage rates inch up after experiencing some record lows early this year. However, relatively low rates are expected to continue due to the sluggish economy and poor housing market.

This strategy provides a great way for borrowers to loan new purchases or even re-financing. On the other hand, homeowners find this a great opportunity to do refinancing, or for others, buy a new home. If getting a new mortgage appeals to you, then look no further. Greenlight Financial Services has great offers for all your needs.

The Mortgage Quotes

Greenlight Financial’s mortgage rates vary according to the different schemes. With a loan of $417,000, a fixed 30-year mortgage can earn a rate of 3.875% at most and even down to 3.250% at the least. The rates, as well as their APRs are based on discount points you may earn.

30-year Fixed Rates for Loans up to $417,000

Rates – Points – APR
3.875% – 0.000% – 3.923%
3.750% – 0.000% – 3.797%
3.625% – 0.050% – 3.676%
3.500% – 0.650% – 3.600%
3.375% – 1.350% – 3.531%
3.250% – 2.250% – 3.497%

If you would rather have an adjustable rate plan, Greenlight Financial also offers the following rates:

15-year Fixed Rates for Loans up to $ 417,000

Rates – Points – APR
3.125% – 0.000% – 3.208%
3.000% – 0.000% – 3.083%
2.875% – 0.000% – 2.972%
2.759% – 0.000% – 2.948%

20-year Fixed Rates for Loans up to $ 417,000

Rates – Points – APR
3.750% – 0.000% – 3.816%
3.625% – 0.000% – 3.690%
3.500% – 0.025% – 3.594%
3.375% – 0.900% – 3.542%
3.250% 1.700% 3. 508%

10-year Fixed Rates for Loans up to $ 417,000

Rates – Points – APR
3.125% – 0.000% – 3.245%
3.000% – 0.000% – 3.120%
2.875% – 0.010% – 3.016%
2.750% – 0.800% – 3.039%

How to Qualify

To get a quick approval on your loan, you must ensure to have a credit of 750 or higher. Rate would then be based upon the amount being loaned, as well as the type of mortgage scheme chosen. It would also be based on the number of occupancy or residency.

Since not all applicants can be approved of the loan, it is best to get a full rate quota beforehand. Loan information can be provided by one of their consultants, which you can get to speak with online.

Special Offer

As an added bonus, Greenlight Financial offers its low refinance rate of only 2.75%. This marks up to the national average rate of the same figure, as well as its APR of 3.194%. Since this offer is only good for one week, you can grab the opportunity now in order to avail this great refinancing deal today.

So what are you waiting for? When it comes to Greenlight Financial, it’s a go-go.

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Score the Best Mortgage Deal from Fifth Third Bank

By BankAim · Comments (0)
Tuesday, February 14th, 2012

Many people lay off moving out and getting their own houses. However, many banks and lending companies today are now offering low real mortgage rates. Because of this, there really is no other reason for you to get that much coveted dream house of yours.

With today’s low mortgage rates in the range of 3.89% on the national average, Fifth Third Bank’s own rates are competitive enough to catch any home-buyer’s attention.

How The Rates Compare

Key features of the mortgage schemes from Fifth Third bank are the fixed 15-, 20-, and 30-year conforming types. The rates can be found in their website.

The rates in the site are applicable for a $140,000 loan amount. It is understood that a 25% down payment is required upon approval of the loan. You may be qualified if you have a FICO credit score of 740 or higher. The payments listed here are not inclusive of insurance premiums or taxes.

Fifth Third Bank also offer points that correspond to discounts on your monthly payments. In order to earn points, you simply have to make purchases for home furnishings or home improvement stores. This is ideal for re-financing loans. The lesser your APR, the sooner you can pay off your mortgage. Considerable savings are always welcome, and with this point system, you’re sure to have something to smile about.

A fixed-rate mortgage plan is the usual type of mortgage preferred because of its predictable and steady payment schedule that does not change over time. This is also the better option if you are planning to stay in your house for a longer term. Another thing you might want to consider is that since you will be expected to pay the same amount for the remainder of the years accounted for, you may feel a sense of security with the payment responsibilities.

To assist you with your application, their site offers an application checklist, as well as a value estimator so you can find out the estimated cost of the home you fancy.

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