Home mortgage loan rates reached a 30 year low, so don't wait to refinance mortgage loans. At the Mortgage Loan Outlet, residential mortgage lenders ensure wholesale home refinancing with fixed, ARM and interest only rates for conforming, VA and FHA mortgage loan choices. MLO offers a unique loan shopping experience that includes bad credit loans, jumbo, second mortgage loans and sub-prime refinancing to homeowners through the Prime Lending Network. We think the time for working with a lending company who provides superior home mortgage loan products has arrived. MLO is an online mortgage marketplace, where applicants can find prime rate lenders offering refinancing, 2nd mortgages, hard money, deferred interest refinancing, FHA, home mortgage loan options and home equity loans with competitive interest rate options.

Mortgage Loan Outlet offers Free Quotes for Refinance, FHA, Subprime and Fixed Rate Home Equity Loans with Free Loan Quotes online.

Mortgage Loan Applications Rise - Americans will be rewarded with lower mortgage payments since the Fed slashed rates to a 30 year low. The majority of applicants are seeking a HARP mortgage refinance.

Get a fixed home mortgage loan locked today! Shop lenders for multiple home loans with fixed rate or variable rate credit lines. FHA rates just dropped again. Find out how much you can save!
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.
Restructure Mortgage Loan
Revised terms for home mortgage loans.
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MLO still offers home equity loan credit.
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Mortgage Interest Rate Forecast – Learn what the real estate evaluators predict with rates.
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Choose a home mortgage loan type below that meets your Home Financing criteria.
Mortgage Rates - low rate loans with fixed or variable mortgages available.
Mortgage Refinance Loan
Look at the better interest rate options now while mortgage terms are good.
Mortgage Refinance Rates - Choose from Conventional, Government and Jumbo refinance rates.
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 - In most cases, People looking for self-employed mortgage loans must complete the 4506 Form with so that lenders can verify your income with the Internal Revenue Service. , This form enables lenders to request tax transcripts. Mortgage loan companies are required to wait until the tax returns have been recorded by the IRS.

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
Some people like to conserve their cash with lower start rates for pay option purchase loans that feature deferred interest options with a negative amortization.
Please select a 2nd mortgage that helps you get cash, pay for home improvements while saving money.
Second Mortgage Rates - Guidelines have changed
Refinance Second Mortgage
Get a fixed payment when refinancing your credit line.
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.
Fixed Rate Second Mortgage - Refinancing your ARM or HELOC lowers debt.
Interest Only Second Mortgage - Low monthly payments with credit lines.
125% 2nd Mortgage Programs On Hold - No equity loans have been suspended due to declining property values and increased loan defaults being reported. (125 Second Program on Hold)
Second Mortgage Bad Credit - Most 2nd loan products unavailable for poor credit borrowers. However FHA still offers cash out and low fico scores are accepted in some cases.

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Select from 3 Payments
• 30-Year fixed
• Neg-Am Loan
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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.

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.

Second Chance Mortgage Loans – FHA has expanded their programs in recent months. HUD began aggressively implementing new loan programs and revised guidelines to minimize the loan defaults and foreclosures.

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.

Read the latest Posts from the Mortgage Loan Blog

Hard Money Mortgage Lenders - Bad credit often leads to a lender denying the loan application.

Help 500 homeowners per year avoid foreclosure through loss mitigation efforts, including loan workouts, refinancing, loan modifications, repayment plans and small loans to bring homeowners current on mortgage payments.

Comparing FHA Refinance Loans


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Shop mortgage lenders and brokers that promise fixed rates for FHA, Freddie Mac and home repair loans. MLO also provides Hope for Homeowners, variable rate and loan refinancing mortgages for construction and interest only mortgage loans starting at a reduced interest rate.

Recently, HUD raised the maximum loan limits from $362k to $729k for refinance or purchase mortgages. The non-conforming mortgage loan amounts remain at to $2,500,000, but more equity is required. 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. Take advantage of our expanded loan programs with bad credit mortgage loans for distressed homeowners seeking guidance to avoid foreclosure.

FHA Mortgage Loans and No Hope for Home Owners - In a recent article written by an infamous mortgage executive. He reflects on the subprime mortgage problems starting in 2013 and brings us up to speed with FHA and the foreclosure crisis.

Refinance your mortgage and lower your payments with a low intro teaser rate.

Take cash out for remodeling & home improvements. Fixed rate second mortgages to 90%.

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. Refinance up to 100% of your home's value.


Fixed Refinance - VA Mortgage Loans
Cash Refinancing - FHA Mortgage loan

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, bad credit mortgage loans, home equity remodeling, FHA and VA mortgage loans.

$400,000 Home Mortgage with a Payment You Can Afford.

According to statistics provided by Foreclosures.com, Notice of Default filings have already surpassed the one million mark in the first half of the year, with 1,060,187 filings as of June 30, which is nearly twice as much as the 558,178 recorded at the same time last year. More and more borrowers have looked to FHA mortgage loans for refinancing because the government insured loans offer more flexibility with credit and consumer payments that were reported delinquent by creditors. The FHASecure was created to help homeowners get one more chance to refinance prior to receiving a notice of default from the lender or bank. MLO brings you to lending companies that provide FHA direct loans.

Get Help Finding Companies Approved for Government Mortgage Loans

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 home mortgage refinancing 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." Please be aware that the intro rate is a negative amortization loan that could increase your mortgage balance and that the interest rate becomes adjustable.

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 Mortgage Loan 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 and always can refinance if rates drop
Higher interest rate
Higher mortgage payments
Rate does not drop if interest rates improve

Deferred Interest Mortgage Loans

  • 30 Yr Principal & Interest
  • 40 Yr Principal & Interest
  • Interest Only
  • Neg-Am (deferred interest)
  • High Risk (see financial advisor for help)
Low Monthly payments - Neg AM option offers lower payments with deferred interest
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.
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's principal down.

Adjustable Rate Refinance 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
More risk
Payments may change over time
Potential for high payments if rates go up

Balloon Mortgages

  • 30 year
  • 15 year
  • 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: Reduced Doc Mortgage Loan Programs

Don’t need to verify income
Faster approval
Higher rates
Higher down payment

No point, No fee Mortgage Programs

No closing costs
Less money required to close
Higher rates
Higher payments

Imperfect Credit Loan 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

Mortgage News at The Mortgage Loan Outlet
Read the latest and greatest articles from the industry leaders for home loan refinance and second mortgage news online.

Negative Amortization Loans: Are These Mortgage Refinance Loans with Adjustable Rate Triggers 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 mortgage loan. This type of amortization is not very risky.

A danger is the mortgage 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 Deferred Interest Loans:
Pick Your Payment with one of our flexible mortgages

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 low interest loan. As you know I have been selling exotic mortgage 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 low interest 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 low interest rate for many years. Continue the article


Home Mortgage Rates Decline with Government Products

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 3.375% to 3.50%, the average rate for 5-year Treasury-indexed hybrid adjustable-rate mortgages climbed from 3.125% to 3.25%, and the average rate for 1-year Treasury-indexed ARMs increased from 2.875% to 3%, Freddie Mac reported.

Loan fees and points averaged 0.5 of a point on 30-year fixed mortgage rates 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 That Pay Seniors Monthly

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. Brokers and lenders charge loan fees that range from 1 to 2 percent with most on FHA and senior equity loans. Reverse home loans are also innately more complicated for heirs and estate organization. That is one of the reasons why reverse mortgage counseling is required for seniors considering this type of loan.

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, 2012, the Federal Housing Administration will permit borrowers in Texas to choose from 5.

Rates Start to Creep Up from Record Lows
After several months of record setting interest rate declines, the MBA and Freddie Mac surveys indicated the lenders were charging higher rates and fees. Frank Nothaft, Freddie Mac VP and chief economist, said in a statement, "The latest economic indicators suggest low inflation but gradually economic recovery which placed further upward pressure on long-term Treasury yields and, in turn, fixed mortgage rates." He continued, "For example, inflation remains in check with 1-year growth in the consumer price index falling for a 2nd month to 2.1% in July.

As home mortgage rates have risen, home loan requests have fallen. The Mortgage Bankers Association confirmed yesterday that applications for loans dipped again from the previous week as both the Purchase Index and Refinance Index declined. Read the Washington Post article.

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.

Mortgage loan credit varies significantly from lender to lender, so get disclosures when shopping for mortgage loans online.

Refinance all your mortgages together or simply focus on refinancing the first mortgage rate that is adjusting.

Home mortgage loans are available for all ranges of credit scores.

Mortgage Refinance Lenders - Mortgage Loan Outlet offers info about low interest loan programs for your cash out refinancing jumbo mortgages and debt consolidation with conforming and government home loan offers insured by FHA.

Refinance Quote
Get more info on better rate, fixed interest loan options.

Compare Refinancing Mortgages for the lowest Payments! Apply today and protect your mortgage against inflation!

Home Mortgage Loan Updates: Becoming More Difficult
- Lenders have turned off the Neg-AM Loans that boast of low intro rates. Take a look at something else besides the Payment Option ARM. As expected, lenders have tighter guidelines with more & more income documentation being required from the banks.

Some analysts believe rates on 30-year mortgages could climb to around 4.5 percent by the end of this year, which would still be considered low by historical standards. A few think rates could hit 5 percent.
Low mortgage rates have powered home sales. Analysts believe home sales will reach a 5-year high in 2013. The housing market is forecasted to rebound significantly over the next few years.

Last week the survey of mortgage rates released by Freddie Mac indicated that rates on 30-year, fixed rate mortgages rose to 6 percent for the week.

In 2013, VA home mortgage rates on thirty year mortgages have averaged below 4% with FHA and VA mortgage rates maintaining the lowest 30-year rates overall.

New Home Purchase Mortgage

No Income Check Loans

First Time Home Buyers

100% Financing

First Mortgages

Testimonials

"Thank you for being patient listening to my specific financing needs... I am very blessed that my home loan 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 loan and get cash for planning and completing home improvements with construction. Build those cosmetic changes that you've been talking about. In most cases, making home improvements increases the value of your property. Home Improvement Loans!
"Fixed Mortgage Loans" Debt Refinance Options Is your credit debt rising beyond affordability?

Do you have to borrow more money to make the minimum credit card payments? We have debt consolidation mortgage loans that can reduce your liabilities, interest and monthly payments immediately!

Do you have Less-than-perfect credit? - MLO specializes in debt consolidation loans for homeowners with FHA loans.
Did you recently have Bankruptcy or Foreclosure? - Even if you were discharged from a Chapter 7 BK a few years ago, we have refinance loans that may help lower your monthly budgets. If had foreclosure in the past, we will still may have mortgages that could help consolidate outstanding debts and collections.
Bad Credit Mortgage Second - With low credit scores you need hard money or first mortgage loans.
Interest Only Home Loans
Learn more about 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 from FHA or VA.
Home Loan Lending - Get financing to buy a new home or get cash to buy a vacation or investment property.

Variable Mortgage Loan
Home Equity Credit Line
• Interest Only Payments
• Low Interest 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 Refinancing
• Lower Payments
Apply Now

Mortgage Market News

Mortgage Refinancing Quotes - Even though home refinancing rate dipped below 4%, the volume for loan applications decreased again as tight credit guidelines continue to prevent another refi boom.

Subprime lending Giant, IndyMac was taken over by the Feds recently and all wholesale mortgage divisions were closed as well.

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.

Mortgage Marketing Tips - The Lead Planet announced a new mortgage marketing program for lenders looking for SEO search engine optimization services in an effort to enhance their website promotions online.

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 mortgage lender or broker's name is allowed if such use is limited to a comparison of products or services.

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.

HUD Proposes to Add the
1-Year LIBOR as an Acceptable Index
HUD added the 1-year London Interbank Offered Rate (LIBOR) as an acceptable index for the rate of FHA Adjustable Rate Mortgage (ARM) program. FHA will continue to offer the 3 and 5 year ARM with no penalties for streamline refinancing.