A 15-Year Fixed Rate at 3.875% Offered by CashCall Mortgage

Homebuyers can now be qualified for a 4% and below fixed rate loan. Cash Call Mortgage is the first lender who offers a 15-year, fixed rate mortgage at 3.875% interest and they became the rescuer of the American homeowners. This was such a consumer-friendly rate that come through a right time for those American families that is searching for inexpensive home loans. Only Cash Call allows them to have a loans up to $417,000 at a very low rate. And only Cash Call has a very low mortgage rates compared to other US banks such as Wells Fargo and Bank of America. The Cash Call also do the process more easier and affordable to the consumers by offering a free 30-day rate lock, guaranteed closing costs and no upfront fees of any kind.

According to J. Paul Reddam, CashCall’s founder and president, when he started to run the business in the mid-1980s, the rate was 111/2%. And when the rate finally moved down to 10% everyone conclude that it has to do something to them. This was indeed surprising and Reddam was so proud for being the first to shatter the 4% barrier. The 3.875% mortgage is fully amortized with a 15-year fixed rate. CashCall, Inc. extends loans with rate and term refinances at 80% loan to value with impounds, and a minimum FICO score of 740.

Fixed Mortgage Rate with No Fees In Advance

It has been quite a long time that homebuyers had a chance to get fixed rate loan. And what is more impressive is that the interest rate is below 4%.

Cash Call is a company that provides different services of financial nature. Cash Call offers a great set of different personal loans. According to the company, it can lend cash almost with a lightning speed.

To get cash a customer should call Cash Call number, get an answer by the company’s employee and voila! Cash Call provides so called unsecured loans of honor that can be paid off in months.

Currently the company is in need of raising financing and uses issues of shares offered at a special price by a company to its shareholders in proportion to their holding of old shares.

Please be aware that not all applicants will qualify for a loan.

CashCall Mortgage became the first and the only lender to provide a fixed rate mortgage for the period of 15years, at the interest rate of 3.875%. These mortgage rates are considerably lower than those offered by the majority of US banks, such as Bank of America or Wells Fargo. The question is whether the “gesture” will become a tendency and if other credit companies will follow the lead. It is hard to give a definite answer since in the situation of economic crises a number of banks restrict new loans. Thus, at the present time, CashCall that is the only optimal option for American homeowners.

This incredibly “proconsumer” rate has come just in time for the Americans who are desperate for affordable home loans. As a result of this historically low rate introduction, the customers are able to apply for loans up to $417,000. Moreover, the application and approval processes are made easier and less expensive, featuring closing costs and no upfront fees of any kind.

According to the President of the company, “CashCall, Inc. extends loans with rate and term refinances at 80% loan to value with impounds, and a minimum FICO score of 740. The loans are for families wanting to purchase or refinance a home, so the property must be owner occupied to qualify.”

It is the right approach in the hard financial times. Such companies as CashCall have to make mortgages less expensive and less of a hassle not only to save the existent clients but as well to drive new ones who will bring in more money. CashCall expects millions of Americans to run, not walk, to qualify for this historically low rate.