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.