Monday, April 30, 2007

E-Loans

E-Loan is a financial services that offers home mortgage, home equity, and auto loans, along with online high yield savings and certificates of deposit.

Mortgage Loans
E-LOAN offers several different types of mortgages, including 40, 30, 20 and 15-year loans.

Other loan choices include those with zero down or no PMI (Private Mortgage Insurance). These remain popular among customers financing a home loan in locations where housing costs remain above the national average.

Refinance Loans
E-LOAN offers refinancing options for customers searching for a better rate, extra cash, or both. Customers can apply for a mortgage refinance with a cash-out refinance or a home equity loan.

E-LOAN provides two types of home equity loans:
A home equity line of credit, also known as a HELOC, which extends a credit line that can be accessed whenever the borrower chooses.

A home equity loan or “second mortgage” which provides cash in a lump sum while retaining the borrower’s existing first mortgage.

Vehicle Loans
E-LOAN also provides car, truck, and motorcycle loans for both dealers and non-dealers (private party). Loans for lease buyouts are also available, along with auto refinance loans for borrowers searching for better rates than their current car loans.