E-LOAN offers a full range of home mortgage loans
including home equity loans,
fixed rate mortgages, adjustable
rate mortgages (ARM), and refinance mortgages. E-Loan also prides
itself on allowing customer so search for the best loan with just
one click. This has given mortgage seekers a powerful tool to help
them understand, select and them manage their home mortgage loans.
Benefits of E-Loan
The company relentlessly advocates eliminating the
unnecessary processes, fees, hassle, haggle and lack of transparency
traditionally associated with the consumer loan experience. Protecting
consumers' financial privacy is a paramount concern, prompting E-LOAN
to implement industry leading privacy practices and advocate strong
consumer financial privacy protection laws.
E-Loan Mortgage Loan Options
While E-Loan does offer conventional purchase financing,
it's best products are it's home equity
loans and home equity credit
lines (HELOC). The E-Loan website features it's pay-option ARM,
a program that allows the client to pay either just the interest,
the fully indexed payment, or anything in between, each month, allowing
for fluctuations in income that happen from time to time.
E-Loan lends throughout the United States, using its
website as its main point of contact. Unlike most mortgage lenders,
there are live people available to answer questions on weekends
and in the evening - when clients are likely to have down-time available.
Their website features links to various forms of contact, as well
as application forms, information about their security and privacy
features, as well as general product information.
In addition to fixed-rate
and adjustable-rate mortgage loans,
including 80/20 combinations, E-Loan also offers small consumer,
or “signature” loans (loans that are not secured by
property), and auto loans.
The average E-Loan client has excellent credit (FICO
score), and is technologically savvy, as well as being reasonably
familiar with the lending industry, and typical policies and procedures.
E-Loan lends throughout the United States, and is
subject to the laws of the state in which specific property is located. Since inception through September 2004, E-LOAN has
originated and sold over $22.8 billion in consumer loans. One of
the largest in the business.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.
If you want to read more about specific state mortgage laws, please select
your state from the list below.
