Home Equity Loans are the Latest Home Loan Craze

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Are home equity loans, with floating interest rates, the best home loan or mortgage option available?

"Mortgage rates are rising. Now is the time to lock in!" This is the ringing tone of the mortgage industry today. After record lows of the last 40 years have passed us by, mortgage companies and brokers have found their newest fountain of youth...the Home Equity Line of Credit. But is this the right mortgage for homeowner's today, given that the Fed has increased rates this year, and doesn't seem to be indicating they will change that stance anytime soon?

Many mortgage companies would rather sell you the "hot product" than answer this question. America's Mortgage Solution is a company built on educating the Mortgage shopper, not just plugging you in for profit. Should you get a fixed rate mortgage, or is an adjustable rate loan a better choice for you? There are literally thousands of mortgage loans to choose from, and sometimes things that sound too good to be true really are. It takes a professional mortgage consultant to answer your home loan questions, and due to the influx of "mom and pop" mortgage firms in the last few years, professionals are hard to find. The average loan officer has been in the industry for less that 5 years, and that hardly qualifies one as an expert.

Online mortgages are more and more the rage, and finding the right, consumer friendly institution is a challenge. You can visit http://www.americasmortgagesolution.com for answers to all of your mortgage questions.

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Chris Klein
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