Why Go With Eloan Mortgage
The Eloan mortgage company is a financial
service that provides home mortgage, home equity and auto loans. It
also provides certificates of deposits and online high yield
savings. Read on through this article to find out more about
Eloan.
When it comes to mortgage loans the Eloan mortgage company
provides many various types of mortgages, and these comprise of
fixed rate mortgages and adjustable rate mortgage options. The
company offers fixed rate home loan programs that present 15, 20,
30 and 40-year mortgage loans. Furthermore, it offers adjustable
rate mortgages that present fixed rate periods of 1, 3, 5, 7 and 10
years. And that’s not all the company offers. You have other
options, which are FHA loans, interest-only loans, and loans with
no private mortgage insurance. These are the most favored by
customers who are financing a home loan in areas where the costs of
housing stay on top of the national average.
Interest-only loans provide lower monthly payments, enable
customers to pay as much or little principal desired every month
and offer more flexibility in cash flow each month. On the other
hand the Federal Government insure FHA mortgages, which do not have
area income or minimum credit score limits. No mortgage insurance
loan programs are there for those who have below 20 percent
downpayment and don’t want mortgage insurance or MI.
So why should you go for Eloan? Eloan has some differences when
compared to traditional mortgage lenders. First, Eloan is a
services company committed to providing its clients only the top
loan options and pricing as well as excellent customer service.
With Eloan, you are able to gain more control over your
decisions.
What’s great about Eloan is that you will always be notified
about loans that are currently available. You will also be able to
track down a loan’s progress any time of the day using your loan
consultant and the online tracking system. This tracking system is
tailored to suit your specific needs and password-protected for
your safety.
With traditional brokers, you’d have to pay commissions to your
loan consultants. With Eloan on the other hand, this action is not
necessary. This means you’ll be able to save so much more with the
company. An up side is also the fact that Eloan does not have those
unexpected, hidden fees.
The Eloan mortgage company provides some distinctive advantages.
You can expect to save much more with Eloan, since it cuts down on
commissions and pointless fees. Eloan provides its customers quite
competitive rates from several lenders at one time. Another plus is
quicker progress. You’re able to make a solid credit decision in no
time with the help of automated underwriting. You won’t need to go
through all those steps, and this means speedier closings. You’ll
also be able to have a personal loan consultant whom you can
contact for help minus the handoffs. The 24-hour online loan status
allows you to keep track whenever and wherever you are. Finally,
since Eloan makes the underwriting decision there is more room for
solutions if ever there are any concerns that might come up.
Eloan has achieved several awards in the past years. These were
mainly for privacy and user friendliness. The company has been
awarded Best Overall in Best Practices in 2007 Mortgage Scorecard
by Keynote Systems. It also ranked no. 1 for Customer Respect in
November 2006. Furthermore, it’s been rated no. 1 in Web Excellence
for Mortgage in July 2006, and was the Top Financial Company for
Privacy by TRUSTe and the Ponemon Institute in March 2006. It’s had
the Highest Customer Respect Rating in March 2005. As seen here,
the Eloan mortgage company has proven itself to be
an excellent service for borrowers over the years.
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