Loans Available for Locking: November 2007 Archives

The Best Loans Right NOW

6.00% 30 Year fixed rate loan, with one point total and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2398, APR 6.134! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 5.25%!

Best 5/1 hybrid ARM: 5.25% with only two total points! Fixed for five years, paid off over thirty (if you want to keep it). This is a real loan with a real payment that reduces your loan balance every month, and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2209, APR 5.473! 5/1 ARMs as low as 5.00%!

This is totally cool! Hybrid ARM rate cost tradeoffs have dropped significantly in the last week or so! If you're cramped for payment and looking to refinance and you need a loan that's going to be stable and guaranteed for up to five years, this is an excellent time to lock! That''s better than half a percent lower on the rate than the equivalent 30 year fixed, and it's been at least a year and a half since I've had a 5/1 that good!

10 and 15 year Interest only payments available on 30 year fixed rate loans!

Great Rates on jumbo and super-jumbo loans also available!

Zero closing costs loans also available!

Yes, I still have 100% financing and stated income loans!

Interest only, No points and zero cost loans also available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

100% financing a specialty.

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Call me. EZ Home Loans at 619-449-0070, ask for Dan. Or email me: danmelson (at) danmelson (dot) com