HOME LOAN EXPRESS

Historical Mortgage Rates

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2008-03-19T21:31:00.000-07:00

ONLINE APPLICATION

WHY HOME LOAN EXPRESS

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- Open Since 1990
- We'll meet you anywhere.
- Wholesale Rates
- Family Owned/Operated
- Honest and Friendly
- Fast Electronic Processing
- Over 100 Loan Programs
- Extreme Flexibility
- Knowledgeable Staff

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LOAN TYPES...

Refinance
No Money Down
100% Financing
Stated Income
No Documentation
Conventional
VA
Home Equity Line of Credit (HELOC)
Investment Property
Second Home
Second Mortgage

WHO IS HOME LOAN EXPRESS

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Home Loan Express was established in 1990 to meet the needs of every borrower. At Home Loan Express we consider every customer part of our family. We have a personal touch that you won't find at national lending institutions.

Family owned and operated, our goal has been to never turn anyone away.

The Principals of Home Loan Express, Chris Duskin and Chris Knox have more than 25 years of mortgage lending experience which they use to obtain the lowest rates, and the best program to meet the unique needs of each and every individual customer.

We consider it an honor to serve you and understand that disclosure of personal financial information can be a bit threatening. At Home Loan Express every customer is our best customer and receives our highest level of service and attention. Your personal data is kept secure from theft or misuse. Rest assured when you call you will get the best rate, the best service, and the best loan for you.

PEFERRED HELOC TERMS

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In today’s banking environment most banks now have the same terms and are pretty consistent across the board, including credit unions.

Here are the attributes you should look for in your HELOC.

1. There should be no fees to open up your HELOC. The bank will pay for all fees.

2. There may be an annual fee on the anniversary date. It should not be more than $50.

3. There should be no fee for barrowing from or making payments to the account.

4. You should be able to get an interest only account. You will be charged on the average daily balance of the amount barrowed.

5. You should be able to barrow from the account to make the account monthly payment if necessary.

6. The interest rate, at your option, can be fixed. You can divide or bifurcate the loan with a portion of it being a fixed rate loan with fixed interest and a portion of it variable interest rate and not a fixed payment, but an interest only payment.

7. The line-of-credit can be relatively small or it can be rather large, depending upon the equity you have in your home. Our recommendation is to have the larger line. You will only use a small portion, but it becomes your emergency fund and/or your opportunity fund.

8. Some banks have a special feature. Wells Fargo, Key Bank and US Bank will allow you to use your HELOC as an overdraft protection of your checking account. If you write a check and there is not enough money in the checking account to cover the check, then the bank will automatically withdraw or make a loan from your HELOC in an amount equal to bringing your account back to zero. There should be no charge for this transaction.

9. You need to notify the bank that you want the overdraft protection. They do not automatically set it up as an overdraft.

10. You should be able to get on-line and transfer money between your checking, HELOC and or credit cards as needed.

Then use the system to keep you in control of your spending. A HELOC and Credit Card can get you into trouble financially if you do not pay attention. Our system is designed to help you pay attention. If your pay attention the system will work.

You are free to acquire your HELOC from any bank you desire.