Home Finance of America will now offer lower interest rates for conventional adjustable rate mortgages well below the rest of the mortgage industry.
Home Finance of America is now offering conventional adjustable rate mortgages with lower interest rates and below market home loan financing for borrowers purchasing a new home or refinancing their existing home, thanks to an agreement with a major Wall Street Bank.
Currently, Home Finance of America is offering a 5/1 ARM for 3.375 percent with no points compared to the current rate of 3.625 percent with most other lenders. Home Finance of America is also offering a 7/1 ARM for 3.750 percent with no points compared to the current rate of 4.25 percent with most other lenders. With these rates approximately 1.50 percent below the current fixed mortgage rates, they could save all borrower’s thousands of dollars per year. These loans will be offered to consumers purchasing or refinancing a home in more than fifteen different states. In order to qualify for these special financing, borrowers will need a good credit score.
This is the ideal time to secure an adjustable rate home loan before interest rates begin to rise and while the spread between the adjustable interest rates and the traditional thirty year fixed loan is as large as it has been in years.
Anyone interested should contact Home Finance of America at 1-800-358-LOAN (5626) or visit hfamerica.com. Applications can be taken over the phone or apply online via their secure Web site. Mortgage professional representatives are available seven days a week.
Home Finance of America’s mortgage professionals have been recognized by The Entrepreneurs’ Forum of Greater Philadelphia, The Philadelphia Business Journal, and the Wharton Small Business Development Center for their dedication and success in one of the most successful privately-held companies in Philadelphia.
About Home Finance of America
Home Finance of America is one of the nation’s top residential mortgage lenders. They are a direct lender and, therefore, there is no middleman. Loans typically are approved within 24 hours and closings usually occur within thirty days of application. Ninety-eight percent of Home Finance of America’s clients say they would refer a relative or friend. Customer testimonials are available at hfamerica.com/testimonials.html.
All Loan Officers are licensed and educated in each state that they service. Each customer will be assigned a loan specialist that available to at all times throughout the transaction. Mortgage professionals can be accessed via phone, e-mail and cell phone.
Special programs are available for teachers, policemen, firefighters, medical professionals and the military.
Lower interest rates for conventional mortgages will be offered through April 30, 2011. Home Finance of America has closed over $15,000,000,000 of residential mortgages and is one of the nation’s most reputable lenders and currently holds an A+ rating with the Better Business Bureau.