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WHAT PEOPLE ARE SAYING

Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:


"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.


 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.


"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.


"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.


"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.


 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.


"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.


"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.


"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.


"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.


"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

  
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Residential financing hits ground running in January

Posted on Wednesday, January 18, 2017 at 1:41:05 PM

The residential real estate market is among the most important one of all in the context of the United States economy. Remember, when the financial crisis and Great Recession occurred roughly one decade ago, it was heavily influenced by the mortgage market and, more specifically, lending practices of banks deemed too big to fail. Luckily, there has been a lot of reason to view the real estate and relevant lending markets with hope in the past couple of years, and those positive trends appear to be surging in the first month of 2017. 

Higher rates not lowering application volume
The Wall Street Journal reported that the average 30-year fixed-interest mortgage rate increased steadily in the final two months of 2016, going from the low 3 percent range to above 4 percent nationally. Notably, this was viewed as a necessary move from entities like the Federal Reserve because the economy was in such better shape than most other times in the past decade. According to the news provider, while the national average went up significantly, the highest increases in interest rates were seen in coastal areas, which are projected to continue on this track for a while.

Some areas, including Nantucket, Massachusetts, and New York, might breach the 5 percent interest rate mark in the next few months. The biggest concern here is that it would negatively impact the home buying component of residential real estate. However, in a true show of a resurgent economy, this does not appear to be the case at all.

Rather, Consumer Affairs reported that the number of mortgage applications increased in each of the first two weeks of January 2017. What's more, the website, citing data from the Mortgage Bankers Association, pointed out that refinancing applications - which contracted significantly when interest rates first began to rise in Q4 2016, also increased by 7 percent between the first and second weeks of the year. This means that in spite of rate increases, current and prospective homeowners are still confident enough to apply for refinanced or entirely new lines of credit for residential real estate. 

Another reason to celebrate
NerdWallet recently reported that foreclosures have sunk to their lowest volume recorded in the United States since 2007, or right before the economic crisis. This is one of the clearest signs that the nation's financial situation is firing on all cylinders, considering low foreclosure rates translate to a far more confident and stable consumer landscape, which in turn fuels strong performances among retailers. What's more, NerdWallet noted that the number of foreclosures fell by 14 percent in 2016 compared to 2015, which is an impressive drop to say the least. 

Individuals interested in refinancing their mortgage or applying for an entirely new one to purchase a home should always consider working with their local, community bank to identify the best possible program in accordance with unique needs and goals.