U.S. MORTGAGE HOME LOAN CENTER Home | About Us | Contact Us
need help?
Homebuying Center Refinancing Center Home Equity Center Debt Solutions Learning Center
Interest Only Loans Home Equity Center Reverse Mortgages Commercial Loans
Check Loan Payments
loan amount
Rate Points APR Payment
Conforming 30 Year Fixed
5.875% 0.125 5.923% $0
Conforming 20 Year Fixed
5.875% 0.0 5.924% $0
Conforming 15 Year Fixed
5.375% 0.0 5.436% $0
Conforming VA 30 Year Fixed
5.750% 0.125 5.798% $0
Non-Conforming 15 Year Fixed
7.125% 0.0 7.189% $0
Custom Loan Quote
First Name
Last Name
Email
Phone
Loan Amount
Testimonials
The convenience of having the loan officer come to my home for appointments was so convenient.
—Jane Labrado - Elk Grove, CA.
more testimonials >
MMG Report
In The News...
Manufacturing in the Philadelphia region continued to deteriorate in November as reported by the Philadelphia Federal Reserve Bank. The Philly Fed diffusion index fell to negative 39.3 in November from negative 37.5 in October....
Points
What are Points?
Points are up front mortgage interest fees paid on a loan to reduce the initial interest rate. For example, a one-point loan will always have a lower interest rate than a zero-point loan. Therefore, paying points is a tradeoff between paying money now versus paying money later.

No Point Loans
There are many reasons for choosing a "No Points — No Closing Cost" Mortgage. The following outlines some of the most common reasons borrowers choose this option.
  1. Lack of cash to close escrow. If you are purchasing a new home and are short on cash for the down payment, a "No Points — No Closing Cost" mortgage can save you up to thousands of dollars.
  2. If the estimated time you will be staying in the home is less than 4 years, while paying points and closing costs will give you a lower interest rate and a lower monthly payment, it typically takes about 4-5 years of living in the property to realize the benefit of the lower payment when weighed against the total cost of the points.
  3. Lack of equity in the property when refinancing. A similar situation as portrayed in item "1". If it makes financial sense to refinance your mortgage, but you do not have enough equity in the property to add your closing costs into the new mortgage - a "No Points — No Closing Cost" mortgage could make great sense.

Tax Issues
In a refinance transaction, points must be amortized over the life of the loan. For example, on a 30 year loan, you can deduct 1/30th of the points paid each year. If you refinance for a second time, however, you may be able to deduct the remaining unamortized points in the year you refinance the loan. Consult your tax advisor for more information.
  U.S. MORTGAGE HOME LOAN CENTER
1241 E. Shaw Avenue 559-222-3100
Fresno, CA 93710

State Licensing Information|Privacy|Legal|Patriot Act 		Equal Housing Lender

All content ©1999-2008 MorSystems™ All rights reserved.
Account login
 
U.S. MORTGAGE HOME LOAN CENTER - Site Map

Homebuying Center
Mortgage and lending information for purchase and home buying loans.
Refinance Center
Mortgage and lending information for refinance loans.
Home Equity Center
Mortgage and lending information for home equity loans.
Learning Center
Mortgage, lending, and credit information.
Less Than Perfect Credit
Learn how credit scoring works and how you can improve your credit score.
Financial Calculators
Financial, mortgage and lending calculators.
Today's Rates
Check for up to date rates and loan programs.
Commercial Loans
Commercial loans programs and information.
Construction Loans
Commercial loans programs and information.
Interest Only Loans
Interest only loan programs and information.
Relocation Loans
Relocation loan programs and information.
REVERSE MORTGAGES
-
REVERSE MORTGAGE CALCULATOR
-
CAREER OPPORTUNITIES
-
Loan Agents
The best loan agents.
Cities we serve
home equity loan mortgage bad credit equity calculator online improvement equity loan cheap consolidation debt consolidation fast direct cash lowest rates real estate quick cash refinance bad credit home california mortgage no credit check fha refinancing refinance interest only va quick credit debt secured bad credit mortgage consolidate bank california signature fixed va money officer mobile real estate refinance mortgage house equity equity rate bad credit home equity california home equity equity online mortgage company second broker quote reverse lender best lead adjustable payment current 2nd national city insurance marketing financing internet Bakersfield Berkeley Chula Vista Concord Corona Costa Mesa Daly City Downey East Los Angeles El Monte Escondido Fontana Fremont Fresno Fullerton Garden Grove Glendale Hayward Huntington Beach Inglewood Irvine Lancaster Long Beach Los Angeles Modesto Moreno Valley Norwalk Oakland Oceanside Ontario Orange Oxnard Palmdale Pasadena Pomona Rancho Cucamonga Riverside Sacramento Salinas San Bernardino Ventura San Diego San Francisco San Jose Santa Ana Santa Clara Santa Clarita Santa Rosa Simi Valley Stockton Sunnyvale Thousand Oaks Torrance Vallejo West Covina Clovis Madera Visalia Tulare Rocklin Roseville Davis Dublin Livermore Pittsburgh Modesto Merced Turlock South Lake Tahoe Redding Eureka Santa Barbara
271 | 1

Mortgage web site design powered by MorSystems. Get your own mortgage website at MorSystems.com. Free trials for all mortgage websites.