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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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New-home sales surge despite drop in consumer confidence

Posted on Thursday, December 27, 2012 at 4:36:07 PM

Property values appreciated significantly so far this year and have led many consumers to make the transition to homeownership in November.

During the month, new single-family home sales spiked 4.4 percent from October to an annual sales pace of 377,000 units, according to data from the Department of Housing and Urban Development. Meanwhile, on a year-over-year basis, the sales rate was 15.7 percent above where it was in November 2011.

"The new-home market is a positive for the economic outlook, especially given that scarcity of supply points to new construction ahead," analysts from Econoday said, regarding the findings. "But fundamental economic issues right now are being clouded by the approach of the fiscal cliff and the risk that higher taxes will hurt consumers and home buyers."

The increase in new home sales occurred despite a sharp drop in consumer confidence this month. The latest Consumer Confidence Index from the Conference Board indicates the confidence level plummeted to 65.1 in December, from a mark of 71.5 in November.

Mortgage rates provide affordable options
Although some consumers are uncertain about the future of the housing market and economy, fixed mortgage rates hovering near all-time lows could give many of them the incentive to make the transition to homeownership in the near future.

Most recently, during the week ending December 27, the average rate for a 30-year FRM fell to 3.35 percent, from 3.37 percent, according to a report from Freddie Mac. Meanwhile, 15-year fixed-rate mortgage hit 2.65 percent, which was unchanged from the previous week.

"Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over the life of a $200,000 loan," said Freddie Mac vice president and chief economist Frank Nothaft.

Additionally, five- and one-year Treasury indexed hybrid adjustable-rate mortgages averaged 2.7 and 2.56 percent, respectively, the report said. 

Mortgage rates are expected to remain near current levels for the time being. However, prospective borrowers should remember the exact rate they receive will depend on their personal financial standing. Utilizing a mortgage comparison chart from Home Loan Investment Bank could provide an outline of attainable financing.ADNFCR-16001052-ID-800934676-ADNFCR