SpeedTrackLoans – Top Rated for Best Mortgage Rates

Contact Information: http://www.speedtrackloans.com Phone:  877-761-8629

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!