My Loan Expert        
Refinance
Home Purchase
Debt Consolidation
Home Equity
 

Select Loan Type

Select State

Home description

 
Home Purchase Loans National Mortgage Rates

30 Yr Fixed

4.25%

15 Yr Fixed

3.99%

5/1 ARM

3.75%

30 Yr Jumbo

4.35%

Home Equity

2.99%

Home Loan Refinancing
online mortgage quote

Welcome to My Loan Expert Home Loans

 

Getting the best Jumbo Loan

Jumbo mortgage loans typically have a higher rate than loans that are considered conventional and within the Fannie Mae and Freddie Mac loan limits.  Rates may differ by .125% or more depending on the type of loan.  It’s important to compare a few lender’s quotes to make sure that you’re getting the best jumbo loan possible.

When you submit the short application to MyLoanExpert, you’ll get be able to get competitive rates and compare quotes from up to four top lenders.  It is fast and easy.

Jumbo Mortgages - Why do they cost more?

Jumbo loans typically have a slightly higher rate because the risk associated with one loan is greater than a pool of several smaller loans.   Also, the market for Fannie Mae and Freddie Mac loans is greater and since these organizations have the ability to raise large sums of money through highly rated bond offerings, the mortgage rates of lenders that sell to them are usually very competitive.

Multiple Quotes - Get up to four

Complete your application above and get multiple offers on your Jumbo Mortgage loan.  The application is quick and concise and you will be pleased with the mortgage quotes that you receive.

Wherever your property is located within the US, MyLoanExpert submits your application to lenders who are qualified to lend in your state.

2.gif

Education about current mortgage trends and money saving tips and articles complete the content of our site. Within MyLoanExpert.com you will find money saving ideas that may give you information regarding the latest news that may influence the decision you take on your next mortgage. We encourage you to click through our links page and see all articles and headlines, as you become more informed about recent money saving advice.

 

Mortgage Refinancing Information

Credit Score Factors for Mortgages

Credit Score Factors A credit score can be defined as a number that evaluates the possibility of a person to pay back a loan within a given period of time. When an individual is interested in borrowing money, the lender informs the credit bureau. The bureau comes up with a credit report which is aimed […]

Refinancing Terms

Refinancing Terms If you are in the market looking for refinancing options on your home mortgage, it is important to familiarize yourself with the terms commonly used. Poring over boring mortgage textbooks is not required. Here’s a look at the basic refinancing lingo to get you started. APR: Different lenders calculate the APR or the […]

Mortgage Refinance Tax Implication

Mortgage Refinance and Taxes When you own your home, you get large income tax deduction for mortgage interest. However, when you refinance your mortgage loan into a lower interest rate, you’ll pay less interest but more income tax. HAD vs. HED HAD stands for Home Acquisition Debt and HED stands for Home Equity Debt. HAD […]

Second Mortgage vs PMI

Second Mortgage to offset PMI Many homeowners find it difficult to find the funds for a 20 percent down payment on their homes. Without the down payment, it becomes mandatory for home buyers to go in for PMI (Private Mortgage Insurance). The PMI has to stay in effect until such time that the value of […]

Refinancing for Self Employed

Self-employed people and refinancing While in all other ways, America encourages entrepreneurs, borrowing is one area that most self-employed people face difficulties. Be it a conventional loan or a mortgage on the home, bankers have a problem offering money to the self-employed. This is because the self-employed often show less income than their counterparts in […]


© 2006 Myloanexpert.com - Mortgage Rates  All Rights Reserved  Site Map   Mortgage Terms Glossary   Privacy Policy