borrowers demand both competitive low rates and demand loans with little or no closing costs. Home Finance of America is able to deliver this option to its clients
Plymouth Meeting, PA (PRWEB) May 02, 2011
With their new expanded line of mortgage products Home Finance of America is giving their clients the option of no fee mortgages. These special no fee mortgages are now available to most qualified borrowers looking to refinance a mortgage or to purchase a new home. These special programs generally cover the costs of all lender’s origination fees, lender’s discount points, title insurance, and often HFA will refund the appraisal and credit report fee.
Successful lenders like Home Finance of America are able to adapt to meet borrower’s requirements and realize the need to give borrowers more home financing options. Previously, borrowers wanted low rates or low closing costs. Now borrowers demand both competitive low rates and demand loans with little or no closing costs. Home Finance of America is able to deliver this option to its clients.
A homeowner with a $200,000 mortgage balance in a 30 year fixed rate of 5.75% can currently refinance to a rate of 5.125% with Home Finance of America for a 30 year fixed rate mortgage without paying any closing costs whatsoever. Even better they can reduce their term to a 20 year fixed mortgage at 4.75%. It’s almost like the borrower ends up getting free money every month.
No matter what a homeowner’s scenario may be, no fee refinancing is something that each and every homeowner must at least look. More information about all of Home Finance of America’s loan programs, including their no fee mortgages can be found on the company’s website http://www.HFAmerica.com.
About Home Finance of America:
Home Finance of America is a direct lender and will lock-in low rates for borrowers at the time of the application. Home Finance of America has an A rating with the Better Business Bureau. As such, you can be assured their customer service is the best in the mortgage business.
Home Finance of America is headquartered just outside of Philadelphia, PA. The company has specialized in originating low rate residential loans to qualified borrowers since 1993. They are a national leader in online mortgage lending. Loan originators are available seven days a week by calling 1-800-358-5626. Borrowers can apply by phone or online at http://www.HFAmerica.com.
# # #