Our mortgage lenders and brokers guarantee 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 3 percent.

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 mortgage executive Bryan Dornan, he reflects on the subprime mortgage problems starting in 2006 and brings us up to speed with FHA and the foreclosure crisis.

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 loan. This type of amortization is not very risky.

Negative amortization mortgages could be considered very risky. With an alternative 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 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 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

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 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.

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

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, 2007, the Federal Housing Administration will permit borrowers in Texas to choose from 5.