(PRWEB) November 26, 2013
There is no better way to start the New Year than knowing you are going to be saving hundreds every month on your mortgage payment. Home Finance of America, one of the nation’s leading and most respected online mortgage lenders, has decided to reduce their interest rates and origination costs during the 2013 holiday season. As of November 26, 2013, qualified borrowers are able to originate a 30 Year Fixed Rate Mortgage at 4.250% with no origination points or lender’s fees (APR 4.250%). Qualified borrowers interested in a shorter loan term are able to opt for a 15 year fixed rate mortgage at 3.250% (APR 3.250%). The interest rates Home Finance of America is offering are still close to all time historical lows. However, as we’ve seen earlier this year, the rates can rise fast with little warning so it’s important for borrowers to act quickly.
Mortgage companies like Home Finance of America have become savvy enough in the competitive refinance market to offer low cost refinancing options in conjunction with the most competitive interest rates in the mortgage industry. Traditionally, the lowest mortgage rates would often come with the highest origination costs which could offset many of the financial benefits of a low rate. While Home Finance of America’s low rate and low fee strategy may result in lower profit margins for the company, especially during the holiday season, the lost revenue can be made up by an increase in loan origination volume. In the end, with pricing structures like Home Finance of America’s, the consumer wins and receives a low rate without the high closing costs.
The holiday incentives offered by Home Finance of America are vast. In many cases, Home Finance of America is willing to waive traditional closing costs such as appraisal fees and the abundant risked-based pricing adjustments that seem to hit many customers with additional closing costs. The best way to see what options are available is to speak with a loan officer from Home Finance of America directly at 1(800)358-5626. Home Finance of America’s loan officers are available seven days a week and are all highly experienced and motivated to deliver the best deal to their customers.
It is important for customers considering a refinance to act quickly as the low rates and other incentives being offered will certainly not last forever. With financial instability on the horizon, this holiday may serve as the best time to refinance. Waiting until after the New Year may be too late.
More information about Home Finance of America’s loan programs and interest rates 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 officers are available seven days a week by calling 1-800-358-5626. Borrowers can apply by phone or online at http://www.HFAmerica.com.