Mortgage Terms
The APR on a mortgage from our network of lenders and lending partners varies, with many providers offering rates from 2.49% to 35.99% and durations between 24 months and 30 years. The actual mortgage rate depends on the amount and term requested, as well as your credit score, usage, and history. If you are offered a mortgage, you will have the opportunity to review the final offer made by the lender or lending partner and accept their mortgage agreement.
APR Disclosure
The Annual Percentage Rate is the rate at which your mortgage accrues interest. It is based upon the amount of your mortgage, cost of the mortgage, term of the mortgage, repayment amounts and timing of payments and payoff. By law, the lending partner and partner must show you the APR before you enter into the mortgage. States have laws limiting the APR that the lending partner or partner can charge you. Minimum and maximum mortgage amounts and APR may vary according to state law and lending partner or partners. We recommend you read the lending partner’s and partner’s personal terms and conditions in full.
Refinancing Your Mortgage
The best way to lower your mortgage payment is to refinance. By doing this, you end up with a lower payment, thus allowing you to get back on track. Yes, this typically means that your term will increase, but that’s better than struggling to make your payment every month. You can always refinance again in the future or pay additional money, when available. Tip: if you’re interested in refinancing your mortgage, contact several lenders to discuss your options. Doing so will help you understand the process, while also ensuring that you secure the lowest possible interest rate.
Lowering Your Monthly Payment
Are you finding it difficult to make your monthly mortgage payment? Rather than continue the struggle and risk missing a payment, it may make since to refinance your mortgage. Even if you have to add more years to your term, it’s better than the month to month stress that you’re carrying. Ask your lender to run a variety of scenarios to help you understand how much you can save each month.
A Lower Interest Rate (APR)
With mortgage rates hovering around all-time lows, there’s never been a better time to consider refinancing. Compare your current rate against the quotes you receive from lenders. From there, review the available terms and how they play out in regards to your monthly payment. If you have a high mortgage rate — perhaps because you had poor credit when you purchased your home — refinancing could save you thousands of dollars over the long run.
HELOC - Home Equity Line of Credit
HELOC is a type of line of credit that allows you to take advantage of the equity in your home. As a secured line of credit, you’re in position to obtain a competitive interest rate. The rate is typically lower than with an unsecured loan. Unlike a home equity loan, with which you receive all the funds upfront, a HELOC is a revolving line of credit. You can borrow as much or as little money as you want. Also, as you pay back the money, you can then borrow it again. If you have equity in your home and need to borrow money, consider the benefits of a home equity line of credit. Once you connect with a loan officer, you’ll better understand if a HELOC is the right choice. And if it is, you can complete an application and secure the funds you need.
Important Information
We are not a lender, but instead have partnerships with a variety of lenders. Upon submitting a request on our website, we’ll do our part in connecting you with the best lender (or lenders) in our partner network.
Not a Lender Notice
We do not have any control over loan fees and interest rate. This is determined by your provider, based on a variety of factors. We are not a lender, we never make a loan offer, and we don’t broker online loans. The operator of this website is not a lender, does not broker loans to lenders and does make loans or credit decisions. This website does not constitute an offer or solicitation to lend. This website will submit information you provide to a lender. Providing your information on this website does not guarantee that you will be approved for a loan. The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.
Office Location
Address: Attn: LeadDemand - 3200 E. Guasti Road, Suite 100 - Ontario, CA 91761
Contact Information
Email: support@persaloan.com Phone: Customer Service
