Rating: 5 star rating - Top
Rated
Best
Online Mortgage Lender
Types of loans available: 15 year fixed,
30 year fixed, ARM, FHA loans,
Jumbo Loans
home purchase loans, refinance loans,
reverse mortgages
Review of SpeedTrackLoans
SpeedTrackLoans makes starting the process
the
easiest of all of the mortgage lenders on
this site. Just enter some brief information
from the online form they provide and select
what kind of loan you want. If you
want to do a refinance, 1st time home
purchase, FHA or home equity loan just click
on the link and you will be taken to a fast
online form (or you could call their toll
free
number). Then, you will be contacted by their
mortgage lender department that actually
cares about your situation. SpeedTrackLoans does not just quote you a rate
like most lenders. They will give you their
phone number, e-mail, and pager, so you
could literally get a hold of them anytime
needed 7 days a week (try getting that at
your local bank or credit union!). They will
collect some additional information from
you, and and then go over your entire
financial situation, current needs,
and future goals. They will walk you
through several different options and point out all of the pros and cons so
you can make the best decision for your
situation.
If you are a first time home buyer you can
finance up to 100% of your purchase price.
Some people have money to put down, but want
to hold onto it right now for other things.
SpeedTrackLoans will help you find the
best option to do that without having to pay
costly PMI. In this case you would have a
1st and 2nd mortgage . They
offer
loan options that offer maximum payment
flexibility. A good way is to opt for a
program that allows interest only payments
on the 1st mortgage along with a traditional
2nd mortgage. Instead of having to pay
towards the principal of the 1st mortgage
every month (like with most traditional
mortgages), you can take that money and
apply it towards the principal of the 2nd
mortgage which has a higher rate. Having the
flexibility to pay less towards the lower
interest loan in order to pay more towards
the higher interest loan makes perfect
financial sense, and will save anyone quite
a bit of money.
After talking with SpeedTrackLoans, they
will direct you to their online application
and you can do nearly every part of your
loan application online. Or if you do
not want to do it online they can send you a full application package with all
of the details.
After
all of your loan details are worked out,
they will send you the full completed
application.
Everything should match exactly what your
mortgage lender and you had discussed.
You will be able to sign all of your
application documents online or you they can
send them by mail and either fax them or
email them.
Once they receive them they will expedite
your loan as fast as any bank we have ever
worked with. They will stay in touch
with you throughout the entire process.
After choosing the best loan and completing
the loan application you can start
communicating with your loan processor. They
are very kind and professional. They
stayed on top of everything and made sure
everything was in order. They even called me
several times to remind of when I would need
to obtain homeowners insurance by. I'm glad
he was on top of that, so I was able to
provide that to him in time to avoid any
delays in my closing. They keep
track of all of those little details, so you
don't have to.
When they were getting close to the closing
date, they will call you to go over all of
the details of the loan one more time to
make sure everything is accurate, and that
any of your questions were answered. They send
you everything to review in advance of
closing. They will also got everything over to the
title company that was handling the closing,
so they would have everything ready.
Closing is a breeze, and there is no
surprises. That is it. Can't be any
easier!
We do Business in
Accordance with Federal Fair Lending Laws
UNDER THE FEDERAL FAIR
HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF
RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX,
HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN
UNDER THE AGE OF 18), TO:
Deny a loan for the purpose of purchasing,
constructing, improving, repairing, or
maintaining a dwelling, or to deny any loan
secured by a dwelling; or
Discriminate in fixing the amount, interest
rate, duration, application procedures, or
other terms or conditions of such a loan, or
in appraising property.
IF YOU BELIEVE YOU
HAVE BEEN DISCRIMINATED AGAINST, YOU SHOULD
SEND A COMPLAINT TO:
Assistant Secretary for Fair Housing and Equal
Opportunity
Department of Housing and Urban Development
Washington, DC 20410
For processing under the Federal Fair Housing
Act
AND TO
Office of the Comptroller of the Currency
Customer Assistance Unit
1301 McKinney Street, Suite 3450
Houston, TX 77010-9050
