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Archive for 30 Year Mortgage Rates

Amerisave Gives 4.375% Mortgage Rate

Wednesday, April 13th, 2011

Amerisave is one of the largest retail mortgage lenders in the country that seeks to give loan services with convenience. Right now Amerisave is giving low mortgage rates with a 4.375% mortgage rate on a 30 year mortgage. Other mortgage rates from Amerisave are:

• 15 year fixed – 3.375%, APR at 4.063%
• 30 year fixed – 4.375%, APR at 4.703%
• 7 year ARM – 2.875%, APR at 4.063%

FHA Rates
• 30 year fixed – 4.250%, APR at 4.915%
• 15 year fixed – 3.750%, APR at 4.086%

Amerisave also has a website where loan application is made easy. All you have to do is search, and follow the steps indicated in the online process. For home refinancing, first search your rate and determine the best loan for your needs. Download the loan documents, sign, and mail them back to Amerisave. Amerisave will then process and underwrite your loan. Closing your loan can be done at home, or at an attorney’s office.

Home purchase also involves searching for the best loan and applying. Amerisave will process and underwrite the loan, but the loan will be subject to final appraisal and title inspection. If you’ve already found a property, forward a copy of your purchase contract and lock in your interest rate on the product of your choice. Amerisave offers appraisal of your new property, and they will arrange for the closing of your loan.

Amerisave has received many consumer testimonials about effectiveness and employee support, with good communication being one of the highlights. Amerisave also offers services for education, insurance, and credit cards.

Great 30 Year Fixed Mortgage Rate at Bank of Internet

Tuesday, November 2nd, 2010

Today Bank of Internet is showing a great 30 year fixed mortgage rate.

While the national average mortgage rates are pushing 4.3% Bank of Internet is showing a 4.125% with an APR of 4.286%.

This advertised rate assumes this is a first mortgage on a primary residence under 80% LTV (Loan to Value).

Is Bank of Internet worth banking with?

Wondering what some customer reviews are like for Bank of Internet?  It is always wise to see the experience others had with financial institutions because although rates might be incredible the hassle sometimes just isn’t worth it.

You make up your mind.

According to MyBankTrackers bank rating Bank of Internet has 2 of 5 stars based on 6 user reviews.

The reviews range from “Good Rates and Features” to  “If the Bank’s President is messed up you better stay away!”.

A common theme withing the reviews is they have great rates, but they are lacking in banking features like easily transferring money.  It also seems they have a fairly strict approval process for new customers.  Some people report getting rejected even with great credit.

Here are some more features with Bank of Internet:

  • The Bank is FDIC Insured.
  • Online Safety Guarantee — Which covers 100% of any losses due break-ins, or funds that are misplaced, lost, or taken out of your account without your authorization. (see fine print below for more details)
  • Rates that consistently beat the national average.

For more information or to check out the fine print click here.