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.