The Best Mortgage Rates and Deals at Loan Depot

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.

Loan Depot Offers Bargain Mortgage Rates

After the housing bubble burst in 2008, real estate prices have gone down considerably. This has caused many borrowers to end up paying more in their mortgage than what their house is really worth. This is why many borrowers are hoping to find easy refinancing schemes while new buyers are searching for lenders who can offer the most affordable rates. Right now Loan Depot is giving competitive rates for both refinance and new mortgages. For a $417,000 30-year fixed loan amount at 20% down payment, Loan Depot offers a rate of 3.893%. This is considerably lower than what other lenders are offering.

Loan Depot Mortgage Advantages

Loan Depot offers the typical 30 year fixed mortgage, but they also have 20 year, 15 year, and 10 year options. For those who are planning to own their home for the length of the term or more, fixed rate loans are one of the best to consider. What makes it even better with Loan Depot is that borrowers can put as little as 5% down payment, plus federally insured FHA fixed rate loan programs are also available for as little as 3% down payment.

Finding out if you qualify for a loan is made easy with their online Quote option. All you have to do is fill in your loan purpose, how much you would like to borrow, the purchase price of the home, and the state in which your home is located. You can also choose to call Loan Depot at their hotline number provided.

About Loan Depot

The company has been in business for over twenty five years. Loan Depot meets the accreditation standards of the BBB (Better Business Bureau), and BBB’s site also showed that Loan Depot was able to close the complaints filed with the BBB.

Tools available in Loan Depot that can help borrowers are their interactive mortgage calculators, as well as a series of videos that attempt to educate anyone in the process of getting a loan.

Consumer reviews offers varying feedback, some praise Loan Depot for fast and efficient service plus low rates, while others have their complaints somewhere along the loan process. The BBB however shows that Loan Depot was adequately able to close consumer complaints, meaning that the institution is a legitimate business that is mindful of their consumers needs.