AMRE Group Launches New California HELOC Advantage Program with 3.95% Rate
American Mortgage and Real Estate Group (AMRE Group) is now offering a new Home Equity Line of Credit (HELOC) service in California. This innovative program offers a six-month introductory rate of 3.95 percent and prime minus 1 percent thereafter.
(PRWEB) November 24, 2006 -- A new Home Equity Line of Credit option with interest rates as low as 3.95 percent is now available in California, thanks to American Mortgage and Real Estate Group (www.amregroup.com). The HELOC program allows borrowers who wish to keep their first mortgage in place to use their equity for such things as debt consolidations, purchase of other properties and home improvements. It offers a six-month introductory rate of 3.95 percent and prime minus 1 percent after.
Advantages and highlights of HELOC:
- The Lowest Rate in California
- Stated Income Program Options Available
- No Rate Adjustments Based on Score and/or Loan Amount
- Maximum Loan Amount $250,000
- Minimum Credit Score 500
- LTV Up to 100%
- 3.95% Rate with 4.104% APR
- 25 Year Term
- Owner and Non Owner Occupied Properties Qualify
- Ability to Convert to Low Fixed 20 Year Rate
- 10 Days Closings
- Next Day Approval
- No Upfront Fees
- No Appraisal Fees
- No Credit Report Fees
About American Mortgage and Real Estate Group (AMRE Group):
AMRE Group, established in 2004, got its start with the idea that by using technology it can save a lot of money researching lenders and pass on those savings to its clients. It now offers its services nationwide for commercial loans and statewide for residential loans, and consists of two divisions (residential and commercial lending departments). Based in Glendale, California, it has met with success through competitive pricing accomplished by comparing each client's loan scenario against 75 lenders simultaneously and picking the lowest rate.
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