Savings and Loans for Mortgage Refinancing and New Home Loans

by Kelly Richardson
LoanPage.com Columnist

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If you're interested in finding some of the most competitive rates for new home loans and mortgage refinancing, check out a savings and loan organization. The savings and loans lenders specialize in these two functions exclusively, so you might find their expertise and allowances quite acceptable.

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A savings and loans financial organization specializes in savings deposits, new home loans, and mortgage refinancing. Many savings and loans also offer checking and ATM services in an effort to draw in more participants. Ever since they were established in the early 1800s, savings and loans organizations have focused on middle income participants. If you are in the market for a new home loan, doing business with a savings and loan offers a variety of unique benefits.

Benefits of a Savings and Loans Lender

  • » Excellent Customer Service. Savings and loans organizations make customer service their top priority and usually fair well in consumer surveys.
  • » Fewer & Cheaper Fees. You will find that savings and loans lenders offer commercial services with significantly reduced or even no fees.
  • » Lower Interest Rates. Due to their favorable standing with the Federal Reserve, you can get great rates on new home loans.
Mortgage refinancing is on the rise as adjustable rate mortgages (ARMs) are hitting their highs. If you are looking to escape the elevated payment of your 80/20 ARM, a savings and loan might be your best route. You could potentially save thousands per year.

Mortgage Refinancing

  • » Lending Power. Savings and loans lenders rely on the stability of the Federal Home Loan Bank to offer great mortgage refinancing rates.
  • » Simple Process. Refinancing your current mortgage is quick and painless with these seasoned professionals.
Whether you are looking for a new home loan or would like to inquire about mortgage refinancing, savings and loans institutions should be at the top of your short list.

Sources:
Savings & Loan Credit Union

About the Author
Kelly Richardson covers the real estate scene in major cities across the country. His articles appear in educational journals, periodicals, and e-zines.

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