Dallas, Texas (PRWEB) September 1, 2007
Resource Lending Group (http://www.resource-lending.com) is proud to announce the use of new programs that help Texas residents refinance their adjustable rate mortgages. The new programs are in response to the increasing number of delinquent mortgages in the state due to adjustable rate mortgages and their hard to maintain interest rates. Resource Lending Group has also created a Texas mortgage loan program that provides commercial loans for borrowers that are looking for capital to purchase new properties.
Adjustable rate mortgages are often very attractive to new home buyers because they offer a great introductory interest rate. While the initial interest rate is attractive and better than what may be found with a fixed interest mortgage, the payments soon increase and often it renders the homeowner unable to pay. Texas has a record number of mortgages that are in default due to adjustable rate mortgages and the increase in payments that are sometimes not reasonable for the homeowner. One satisfied customer of Resource Lending Group said of his Texas mortgage loan experience, "I am an American working in Saudi Arabia for the past year. I have a house in Flower Mound, Texas, and was paying a high interest rate on my existing ARM loan. I contacted several mortgage companies to refinance and initially selected Resource-Lending because they found me an interest rate that was significantly lower than the rates the other mortgage companies provided. As well, they didn't charge an arm and a leg for their own services. Normally this would be enough to obtain my business, but as the process evolved, I was surprised at the ease of the process itself. Here in Saudi Arabia, fax lines are very unreliable. Resource-Lending suggested that I email all the documentation to them. Virtually, the whole process of me providing documentation was done by email. As well, whenever I had a question, my emails were promptly returned - always with accurate information. I only had a three-day window for flying back into Dallas over Christmas to close. Everything was taken care of -- all I had to do was go to the title company a mile from my house and spend 45 minutes signing the documentation. I lowered my rate from 9.9% to 6.37% and lowered my monthly payment by $300.00. As well, I took out $26,000 of equity in my house. The whole process was completely painless -- and nothing having to do with business in Saudi Arabia is painless. I would strongly recommend Resource Lending. You will be pleasantly surprised."
Between the refinancing program and the commercial financing program consumers can get all of the help that they need in the most efficient manner. Resource Lending Group's new programs can offer consumers the relief from high interest rates that they need to keep their home and make their payments on time.
For more information visit: http://www.resource-lending.com
About Resource Lending:
Resource Lending Group (http://www.resource-lending.com) was founded in 1998 in Dallas Texas. They have emerged as an industry leading mortgage company. Its products are designed to benefit current and future homeowners in the entire state of Texas.
(An http://IPRWire.com Press Release)
Name: Kevin Anderson
Address: 1349 Empire Central Suite 710