At the Mortgage Loan Outlet, residential mortgage lenders ensure wholesale interest rates for conforming refinance, FHA home loans, jumbo loans and sub prime refinancing to homeowners through the Prime Lending Network.

We think it’s about time you started working with lending companies who offered superior home mortgage loan products. You have found an online mortgage marketplace, where applicants can find mortgage refinance loans, second mortgages, 1% negative amortization loans, deferred interest refinancing, home purchase and home equity loans with competitive rates.

Mortgage Loan Outlet presents Free Quotes for Mortgage Refinance, FHA Refinancing, Negative Amortization and Fixed Rate Second Mortgage, Loan Quotes online.

Get a fixed mortgage loan locked today! We offer multiple home loans with fixed rate or variable rate credit lines.
Please select the suitable quote below, and we will match you with four top brokers and lenders to get you an unrivaled loan on the Internet regardless of your credit history.
Mortgage Quote
Get no cost quotes from quality lenders.
Home Equity Loan Quotes
Quick Cash Loans
Home Equity Loan Lenders
Lenders offer helocs and home equity loans.
Home Equity Loans
Fixed rate 2nd mortgage
Mortgage Information
Mortgage Lenders
Get the best rates from the best lenders online.
Mortgage Interest Rate Forecast
Mortgage Rate Index Options
Choose a mortgage loan type below that meets your Home Financing criteria.
Negative Amortization Loans - 1% start rate defers interest.
Neg Am Mortgage Loans
Payment Option ARM Loans - Borrowers choose from 4 options monthly.
Mortgage Rates - low rate loans with fixed or variable mortgages available.
Mortgage Refinance - Save money with better home interest rates.
Mortgage Refinance Loans
Mortgage Refinance Rates - Choose from Conventional, Government and Jumbo refinance rates.
Refinance Quotes - Get free quotes for home refinancing from trusted lenders.
FHA Home Refinance Loans - quality mortgage loans insured by the government to 97%
Cash Out Mortgage Loans - Finance with cash out while rates are low!
Consolidation Mortgage Loans - Roll your 1st and 2nd mortgage loans together for lower monthly payments and reduced interest rates.
Adjustable Rate Mortgage Loans - Low intro rate ARM's provide teaser rates with small mortgage payments for a short period.
30 Year Fixed Rate Mortgage Loans - Get a low fixed rate mortgage for thirty years.
Interest Only Mortgage Loans - Make only the minimum payment
Self Employed Mortgage Loans - Stated income home mortgages for independent contractors, sales people and small business owners.
Hard Money Loans California - Get cash or refinance your mortgages even with low credit scores.
Jumbo Home Mortgage Loans - Super large jumbo loans with reasonable interest rates
Negative Amortization Home Purchase Loans
Conserve your cash with a 1% start rate for pay option purchase loans that feature deferred interest options with a negative amortization.

Please select a 2nd mortgage that helps you get cash, finance home improvements & save money.
Second Mortgage Rates - Guidelines have changed
Refinance Second Mortgage
Get a fixed payment when refinancing your credit line.
Second Mortgage Quotes
Second Mortgage Lenders
Mortgage Loan Outlet offers guaranteed low rate mortgage programs for cash out and home improvements.
Second Mortgages
Consolidate bills or take cash out.
Cash Out Second Mortgage
Get money for refinancing debt & making home repairs.
Adjustable Rate Second Mortgage
Fixed Rate Second Mortgage
Interest Only Second Mortgage - Low monthly payments with credit lines.
Second Mortgages to 125 - No equity loans need good credit and steady job.
Second Mortgage Bad Credit - 2nd loans for poor credit borrowers who are looking for a cash out loan and a chance to rebuild their credit.

Mortgage Rates as low as 5.5%

Up to Four Free mortgage quotes. You simply pick the best offer!

Mortgage Calculator
FAQ
Glossary
Company Profile
Contact Us
Loan Process
Mortgage Resources
Mortgage Directory
Mortgage Partnering
Home Loan Checklist
Real Estate Financing

HOME EQUITY LOANS
Fixed-Rate Terms
• 10 - 30-year fixed
• No Annual Fees
• Purchase 2nd
• Cash Back Refinance

Payment Option Arm
Select from 3 Payments
• 30-Year fixed
• Neg-Am Loan at 1.50%
• Interest Only
Apply Now

Fannie Mae Suspends ADC
The Office of Federal Housing Enterprise Oversight has directed Fannie Mae to suspend purchasing home construction loans until it fixes certain operational & control problems.

"We will be working closely with OFHEO to work through our current pipeline, and issues related to risk management reporting, policies and procedures, & oversight of the program," Fannie spokesman Chuck Greener said.

Fannie Mae's acquisition, development & home construction program is now on hold & efforts to introduce new mortgage loan products to regain market share will likely be impaired by these restrictions.

As reported by National Mortgage News, Fannie president and chief executive Daniel Mudd said OFHEO raised concerns about the adequacy of the ADC program's controls and procedures, and he agreed that improvements are needed.

Federal Reserve Board Chairman Ben Bernanke, in his recent speech to Congress, hinted that another hike in interest rates could be on the way. This will increase short-term interest rates, as well as home equity rates for credit lines and variable rate second mortgages.

HUD Announces Home Equity Conversion Mortgage Program – (Home Equity Line of Credit Payment Option for Texas) All Home Equity Conversion Mortgages closed on or after March 1, 2007, the Federal Housing Administration will permit borrowers in Texas to choose from 5.

Preferred Loan Type
Property Type
Property Value
Credit Rating
Email
 

Our mortgage lenders and brokers guarantee rates for Alt-A, neg-am, option ARM and interest only loans starting at 1.25% for refinance or purchase loan amounts from $100,000 to $1,800,000. With refinance loan programs for all types of credit you can't afford not visiting the Mortgage Loan Outlet.

Select from mortgage loan products such as conventional, FHA, Freddie Mac, VA, sub-prime and non conforming jumbo mortgage loans.

Refinance your mortgage and lower your payments with interest rates starting at 1.25%

Get cash for remodeling & home improvements. Get a fixed rate second mortgage to 125%

We offer home loans to fit your needs. Simply fill out our short form

Get cash quickly with a fixed rate home equity loan or line of credit.

Re-build your credit & Lower your mortgage payment. Get approved & consolidate debt.

Get cash fast with a low rate second mortgage. Consolidate your debt today & start saving!

Get Approved for a debt consolidation loan & start saving! No equity is required.

Get cash quickly with an equity line of credit Borrow up to 100% of your home's value.


Fixed Refinance - Neg-Am Loans
Cash Refinancing - FHA Home Mortgage loans

Mortgage Loan Outlet has assembled a team of lenders to offer guaranteed low rate home mortgage loan programs for financing, refinancing, cash out refinance, debt consolidation, home equity remodeling, FHA and VA mortgage loans.

Everyone is talking about the 1% start rates for the negative amortization loans. There are unique loans the offer you several payment options each month. Some lenders call this a neg-am loan, and some call it an option ARM mortgage. Each month you get to choose whether you want a fixed rate principal and interest payment, the interest only payment, or the negative amortization loan payment. The option ARM features a start rate 1.25%, and the payment can only go up 7% a year for the first five years. (ie. $1,000 payment could only go up to $1,070 in one year). These home mortgage loans are very popular because they raise the purchase power for homebuyers looking for low payments for large mortgage loans. The negative am loans are offered to qualified borrowers from $100,000 to $1,800,000.

Get a $400,000 Mortgage for a Payment starting at $1,335 a month.

Get Approved today! We offer the Neg AM Loan that boasts of mortgage interest rates that start at 1.25%. Take a look at the Payment Option ARM that is helping so many people qualify for lower payments.

If there is a loan we can’t do for you, Mortgage Loan Outlet can refer you to other Home Equity Lenders who offer a variety of second mortgage loans that may meet your needs. With features like: no income verification, stated income, no asset verification, no employment verification, less than perfect credit, 2nd mortgage financing, and with no PMI. Mortgage Loan Outlet.com is a mortgage lender service who also works with other banks, brokers and mortgage lenders when we meet a homeowner who needs a loan "outside of our box."

Refinance Your ARM Mortgage into a Fixed Rate FHA Home Loan!

Use the MLO mortgage refinance calculator to determine the loan that's right for you!

With Mortgage Loan Outlet, you'll save time and money. Our participating mortgage lenders offer the best rates in the nation, and their experience can help you find the right loan. Our application system is easy to use, and it costs nothing to apply. Within just 24 hours, you'll receive an offer from several mortgage lenders who are excited to earn your business.

With our loans, you stand to save thousands of dollars a year with no up-front costs and no obligation.

How Much Can You Afford?
Determine your budget before you look for a home. Save time and frustration by focusing on homes in your price range. Take the first steps toward finding the best loan for you and financing your home purchase, or Refinancing your existing 1st or 2nd mortgage loan.

Get Pre-approved!
If you haven't already found a home, find out exactly how much you can borrow, get pre-approved, and receive a letter stating that you have been pre-approved by a qualified mortgage lender.

Less Than Perfect Credit?
We can help you get the cash you need to purchase or mortgage refinance a home even if you have less-than-perfect credit. Knowing some of the factors that may impact your credit rating can help you determine the best way to approach financing options.


Our Most Popular Programs
Programs Advantages Disadvantages

Fixed Rate Mortgages

  • 40 year fixed
  • 30 year fixed
  • 15 year fixed
• Monthly payments are fixed over the life of the loan
• Interest rate does not change
• Protected if rates go up
• Can refinance if rates go do
• Higher interest rate
• Higher mortgage payments
• Rate does not drop if interest rates improve

Negative Amortization Loans

  • 30 Yr Principal & Interest
  • 40 Yr Principal & Interest
  • Interest Only
  • Neg-Am (deferred interest)
• Low Monthly payments
• Payment is Capped for first 5 years.
• Fixed Interest Option allows you to make a principal and interest payment that can lead to your loan being paid off quicker.
• 1% Neg AM option offers lower payments with deferred interest
• Higher Fixed rate option
• Deferred interest can take away from home equity with increasing mortgage balance.
• Paying interest only payments doesn’t pay any of the loan principal down.

Adjustable Rate Mortgages

  • 10/1 ARM
  • 7/1 ARM
  • 3/1 ARM
  • 1 year ARM
  • 6 month ARM
  • 1 month ARM
• Lower initial monthly payment
• Lower payment over a shorter period of time
• Rates and payments may go down if rates improve
• May qualify for higher loan amounts
• More risk
• Payments may change over time
• Potential for high payments if rates go up

Balloon Mortgages

  • 7 year
  • 5 year
• Lower initial monthly payment
• Lower payment over a shorter period of time
• Many balloon mortgages offer the option to convert to a new loan after the initial term.
• Risk of rates being higher at the end of the initial fixed period
• Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option

Stated Income Programs
• Don’t need to verify income
• Faster approval
• Higher rates
• Higher down payment

No point, No fee Programs
• No closing costs
• Less money required to close
• Higher rates
• Higher payments

Imperfect Credit Programs
• Potential for reestablishing credit if you pay your mortgage on time.
• When used for debt consolidation, you may be able to reduce your monthly debt payment
• Higher rates
• Terms may not be as favorable
• Harder to get long term fixed loans
• Loans may have prepayment penalties

Home Equity Fixed Loan
• Fixed payments
• Interest may be tax deductible
• Higher interest rates than on 1st mortgages
• Harder to refinance your first mortgage
Second Mortgage / Home Equity Loan
• Fixed payments
• Interest may be tax deductible
• No equity needed for 125% loan
• Save money by refinancing credit cards and high interest debts
• Higher interest rates than on 1st mortgages
• The closing costs could be more than refinancing your first mortgage

Mortgage Articles at Mortgage Loan Outlet.com
 Read the latest & greatest articles from the industry leaders for home loan, refinance & second mortgage news online.

Negative Amortization Loans: Are these Mortgage Refinance Arm’s Dangerous?

A conventional mortgage with a thirty-year period would be amortized over the thirty years. The monthly payment to the lender has two parts, one portion is a repayment of the principal of the loan, this is considered the amortization part of the payment, and the second portion of the payment is the interest on the loan. This type of amortization is not very risky.

Negative amortization mortgages could be considered very risky. In a negative amortization mortgage, the payments only have one part. The payment made to the lender covers only a portion of the interest earned. The balance of the interest earned is added to the mortgage balance, hence the term negative mortgage. The negative amortization is also called a "neg am" loan is a loan with an deferred interest loan that offers a low payment initially.

A danger is the loan balance exceeding the market value of the property. A secured loan may become unsecured and the ability to put a second mortgage behind negative ARM option loans may be questionable. If you aren't prepared for the deferred interest that could affect your home equity, then this loan is not for you. If you understand the risks, but need a low monthly payment to help you get in the right home, then this loan is for you. Continue the article

Fixed Rate, Interest Only or 1% Neg Am Loans: Pick Your Payment

Walking into Starbucks the other day, I overheard a conversation between two ladies talking about these amazing loans that a realtor had suggested. I started to laugh, because I knew they were talking about my favorite 1% loan. As you know I have been selling neg am loans before Billy Corgan left the Smashing Pumpkins. After easy dropping for another 2 minutes, I had to jump into the conversation, and throw my 2 cents about the negative amortization loans these ladies seem to believe was a fixed interest rate for 30 years. I let them know that sure there is a fixed rate option, but it certainly wasn't the 1% negative amortization option. I explained to them about how the interest is deferred, but they were confident that I was crazy and they had a fixed 1% rate for 30 years. Continue the article

Mortgage Loan Rates Decline

The average 30-year fixed mortgage rate rose from 5.74% to 5.80% over the 7-day period, according to Freddie Mac's Primary Mortgage Market Survey.

The average 15-year fixed mortgage rate rose from 5.675% to 5.70%, the average rate for 5-year Treasury-indexed hybrid adjustable-rate mortgages climbed from 6.125% to 6.25%, and the average rate for 1-year Treasury-indexed ARMs increased from 5.75% to 5.80%, Freddie Mac reported.

Fees and points averaged 0.5 of a point for 30-year fixed-rate mortgages and hybrid ARMs, 0.4 of a point for 15-year fixed-rate mortgages, and 0.6 of a point for one-year ARMs.

"Financial markets were a bit jittery after core Consumer Price Index figures for June were released that indicated inflation might be a potential threat," said Frank Nothaft, Freddie Mac's chief economist. "If this were the case, the Fed would be more inclined to continue to raise rates this year.

Freddie Mac can be found online at www.freddiemac.com

Reverse Mortgages

The explosive growth in the Reverse Mortgage Market has created an avalanche of Reverse Mortgage Statutes. The number of seniors in the U.S. who are eligible today exceeds 20 million, a number that will more than double in the next ten years. Twenty-six states now have provisions for Reverse Mortgages.

You may simply want to refinance your existing mortgage to get the rate and payment lowered, but if you need cash for paying off debt then consider our mortgages with guaranteed low interest and no cost to apply.

You can leave your 1st mortgage alone and get cash with a 2nd mortgage online.

Mortgage Refinance Lenders - Mortgage Loan Outlet offers guaranteed low rate loan programs for your cash out refinancing, jumbo mortgages and debt consolidation with conforming, government and FHA home loan offers.

Get a $500,000 Mortgage for a Payment starting at $1,700 a month. Get Approved today! We offer the Neg-AM Loan that boasts of mortgage interest rates that start at 1.25%. Take a look at the Payment Option ARM that is helping so many people qualify for lower payments.

Get a $65,000 Second Mortgage for a Payment starting at $475 a month.

Some analysts believe rates on 30-year mortgages could climb to around 6.5 percent by the end of this year, which would still be considered low by historical standards. A few think rates could hit 7 percent.

Low mortgage rates have powered home sales. Analysts believe home sales hit a record high for all of 2005. The housing market is forecasted to rebound in late 2008 or 2009.

Freddie Mac's weekly survey of mortgage rates released Thursday showed that rates on 30-year, fixed rate mortgages averaged 5.77 percent for the week ending Jan. 6. That was down from last week's 5.81 percent.

For all of 2004, rates on benchmark 30-year mortgages averaged 5.84 percent, second only to last year's 5.83 percent, the lowest annual rate in Freddie Mac's record keeping.

Testimonials

"Thank you for being patient listening to my specific condition... I am very blessed that my home funded so quickly and efficiently." - Kent D, Portland OR

"We were very nervous at first, but the friendly staff at Mortgage Loan Outlet eased our fears and helped us close on a great loan with no equity in our home!" - Dawn P, Virginia Beach VA
Take out a home equity loan and get cash for improvement and make those cosmetic changes that you've been talking about. In most cases, making home improvements increases the value of your property. Home Improvement Loans!
Interest Only Home Loans
Low payment options allow homeowners to increase their cash flow with smaller minimum payments.
Bad Credit Lender Mortgage - Find a bad credit mortgage lender in your neighborhood who offers mortgage refinancing for all types of credit.
Bad Credit Consolidation Loan - Consolidate credit cards and collections into a low rate mortgage loan that reduces your interest and monthly payments.
Bad Credit Refinancing - Refinance your loans with a fixed rate FHA loan, even if your credit scores are less than perfect.
Bad Credit Mortgage Second - With low credit scores you need hard money or first mortgage loans.
Home Loan Lending - Get financing to buy a new home or get cash to buy a vacation or investment property.

"No Income Verified" Debt Relief Programs - Is your income difficult to prove? We have debt consolidation mortgage loans that do not require the standard income documentation. (like W2's)

Do you have Less-than-perfect credit? - We specialize in debt consolidation loans even if your credit is in "the rebuilding phase".

Bankruptcy or Foreclosure - Even if you've had a bankruptcy, or foreclosure in the past, we will do our best to get you qualified for a debt consolidation loan.

Variable 2nd Mortgage
Home Equity Credit Line
• Interest Only Payments
• Low Rates
• Fixed Rate Conversion
Apply Now

Low Rate ARM’s
Fixed Intro Rate
• 3/1- 5/1- 7/1 - 10/1
• Interest Only Option
• Low Rate Loans
• Lower Payments
Apply Now
Mortgage Market News
Freddie Mac has announced that it is now in compliance with the Federal Reserve Board's revised Payments System Risk policy, ahead of the July 20 implementation deadline. In September 2004, the Fed revised its daylight credit policies for payments into the Fedwire system, effective July 20, 2006.

The revised policy requires Freddie Mac to fully fund its accounts in the system to the extent necessary to cover payments on its debt-and mortgage-related securities each day. Freddie said it began testing its new business practices in April 2006, and has implemented a strategy that aims to fully fund the company's daily payment obligations by 11 a.m. ET .

Arizona Enacts Advertising Restrictions for Lenders and Brokers
Arizona passed a bill restricting the use of another lender or broker's name in advertisements without consent unless certain disclosures appear. However, use of another lender or broker's name is allowed if such use is limited to a comparison of products or services. Additionally, the bill prohibits certain solicitations referencing nonpublic loan information and creates several restrictions regarding solicitations referencing public loan information.

Colorado Sets Minimum Fines for Mortgage Fraud
Colorado passed a bill requiring minimum fines for any person who is convicted of, or pleads guilty to theft by deception involving the mortgage lending process. The bill also prohibits a court from allowing a person to plead guilty to additional offenses of theft by deception involving the mortgage lending process unless the plea agreement includes the payment of restitution. The bill takes effect July 1, 2006 .

HUD Proposes to Add the
1-Year LIBOR as an Acceptable Index
Hud is considering adding the 1-year London Interbank Offered Rate (LIBOR) as an acceptable index for the rate of HUD-insured Adjustable Rate Mortgage (ARM) program..

Mortgage Loan Outlet has assembled a team of lenders to offer every type of home loan.
Home Refinancing Quotes 2nd Mortgage

Equity Home Loans

Mortgage Loans Refinance Quote Second Mortgage Refinance Home Equity Loan Rates
Mortgage Refinance Information Mortgage Quote Second Mortgage Home Equity Loan
Mortgages Second Mortgage Quote Second Mortgage Information Home Equity Loan Information
Refinance Mobile Home Financing Loans Second Mortgage Lending Self Employed Home Loans

Manufactured Home Refinance

Manufactured Home Loan Quote

Homeowner Consolidation Loans

100% No Equity Home Loans
50 Year Mortgage Refinance

Bad Credit Home Financing

 Second Mortgage Loans

Home Equity Loan Refinancing
Copyright 2005, Mortgage Loan Outlet.com. All Rights Reserved. 866-740-7344
9597 Jones RD. Houston, TX 77065