The flattening yield curve drove fixed mortgage rates lower on the week, while ARM rates rose. According to the Mortgage Bankers Association, the thirty-year fixed rate dropped 19 bp to 6.28%, while the fixed fifteen-year rate fell 12 bp t. . .
Home loans offered include fixed rate, adjustable rate, interest only, FHA, VA, USDA
mortgages and more. Plus, the mortgage rates for any home mortgage loan
can differ widely.
With a fixed rate home loan you don’t have to worry about your monthly payment
changing…ever. Your mortgage rate and payment are fixed for the life of your home loan.
Fixed rate mortgage loans range from 10 to 40 years.
FHA home loans are insured by the
Federal Housing Administration.
Although FHA mortgage rates may typically be higher than conventional mortgage loans,
FHA home loans offer many advantages including low down payment requirements, flexible
credit guidelines as well as the ability to lend in declining markets.
VA home loans are guaranteed by the US Department of Veteran Affairs. These mortgage
loans are offered specifically to eligible veterans for home purchases, rate & term home
loan refinances or cash-out mortgage loan refinances. VA loans offer many advantages to
qualified veterans.
If you have debt outside of your home loan, you are likely paying a much higher interest
rate than you should be. Credit card interest rates can be as high as 25%. Refinancing
your home mortgage loan to pay off and consolidate debt under one low mortgage rate is a
smart maneuver. Refinancing your home loan could save you a great deal of cash every
month.
You can obtain a refinance home mortgage loan to get cash out for a variety of purposes,
including education expenses, vacations, other investments, home improvements and
more.
With an adjustable rate mortgage (ARM), you can lower your monthly mortgage loan payment
because mortgage rates for ARMs are usually lower than traditional fixed rate programs.
If you plan on selling or refinancing your home in less than 10 years, then an
adjustable rate mortgage loan may be right for you.
With interest only home loans, you only pay interest during the initial interest only
period. This type of home mortgage loan allows you to lower your initial mortgage rate,
lower your initial monthly payment, qualify for a larger loan amount and free up cash
for other uses.
USDA home loans are offered in rural areas as determined by the United States Department
of Agriculture (USDA). The USDA’s mission is to help lower income households obtain home
loans at reasonable mortgage loan rates. USDA home loans offer many advantages to
qualified borrowers.
Many home mortgage loans are tailored for people with special circumstances. The Divorce
Buyout Mortgage allows one spouse to keep the house, possibly get cash out if needed,
and remove the other spouse’s name from the current home loan, thus eliminating any
undue financial liability for the home loan.
Read what customers say about our level of service.
Posted: 11/20/09 1:22 PM
Amerisave representatives respond very quickly to my needs and requests.
Posted: 11/20/09 11:22 AM
I got the questions that i asked answer for me. They were very friendly.
Posted: 11/20/09 11:17 AM
Everything is going well just waiting to close.
Posted: 11/20/09 11:04 AM
It was nice experience to deal with Amerisave.
Posted: 11/20/09 10:44 AM
Todd Milner has been absolutely wonderful and has been tremendously responsive. I've recommended him (and Amerisave) to others.. . .
