If you have an adjustable…

You could potentially save thousands of dollars with our No Point or No Cost Adjustable. The introductory rates are likely to be 1%-4% below your current rate thus providing significant immediate savings. Also, our adjustables feature margins as low as 2% designed to save you money over the years. Note, a 1% margin reduction could potentially save you 1% of your loan balance each year. (click here to see how index and margin determine your rate). You may also be able to reduce your interest rate risk by reducing your maximum rate cap.

You could also lock in years of fixed rate and payment stability with our No Point or No Cost 3, 5,7 or 10 Year Fixed. The rates on these could also be below what you’re currently paying on your adjustable. Thus, you could potentially reduce your payments as well.

If your fixed rate is converting to an adjustable…

Given the recent rise in rates, your rate is likely to adjust 2-4% above what your present rate is. (click here to see how index and margin determine your rate at adjustment). The rates on our No Point or No Cost 3 or 5 Year Fixed are likely to be substantially less. Thus, you could potentially lock in significant payment reductions and gain years of fixed rate stability.

If you’re considering taking cash out…

You can do so with many of our No Point and No Cost loans. Since your home is likely to be your least costly source of funds, accessing your equity to consolidate liabilities, make additional investments or home improvements may be advantageous. Also, in today’s volatile financial climate having additional cash on hand to meet unforeseen contingencies and opportunities is smart financial planning.

The risk of loan default is less with a loan secured by a first trust deed than a second or junior trust deed (most home equity loans are secured by these).

Thus, you can usually obtain superior terms for loans secured by first trust deeds. Check with your tax advisor, however, to see if the interest would be deductible.

If you have a 10, 15, 20 or 30 Year Fixed but will be selling in the next several years…

As a general rule of finance, the lower the risk the lower the rate. Since shorter term fixed rate loans have less interest rate risk (from the lender’s viewpoint) than longer term fixed rate loans, the rates on shorter term loans are lower. Thus, the rates on our No Point or No Cost 3 or 5 Year Fixed could potentially be 1% or more below the rate on your long term fixed rate loan. This could potentially mean substantial savings to you with little or even no cost.

If you need payment relief…

Our No Point Adjustable with minimum deferred interest payments could cut your payments by one third or more. These loans are available even if you have had up to 10 late payments in the last year on consumer debts and /or have recorded judgments or tax liens. Cash out may also be available to pay off costly debts.