Mortgage Loan Experts connects consumers with home mortgage loans online for purchase, refinancing, cash out and VA-streamline mortgages for interest rate reductions. Our lending specialists provide low cost mortgage loans for people with A through D credit. Borrowers can choose from interest only, fixed rate and fha home loans.

Currently, the average rate on a 30-year mortgage loan with a fixed rate dropped to 5.875% which is nearly half a point lower than last week’s average interest rates reported by the Wall Street Journal. Prime, VA and FHA mortgage rates continue to drive this market as consumers have strayed from subprime and hard money lending.

The second mortgage and jumbo mortgage loan markets have tightened considerably. Home equity programs have vanished as property values continue to struggle in most states. If borrowers need money then they need to get with cash out refinance loans, rather than the traditional route of taking out an equity line. 2nd mortgage loans just aren’t available to borrowers who have do not have over twenty percent equity in their home.

It has been another crazy year for the mortgage loan industry. Foreclosures rates hit epidemic proportions as each month indicates new loan default records.

Indy Mac was shut down by the FDIC and the U.S. government started taking over Fannie Mae and Freddie Mac before their billion dollar portfolios completely sank the economy.

As a result, the market responded positively as consumers and Mortgage For the first time in 2008, mortgage rates declined to their lowest level in almost a year. The government bailout of mortgage giants Fannie Mae and Freddie Mac stimulated Wall Street and federal banks to respond with swift rate cuts.

This financial announcement sent shock wave globally that the U.S. would intervene in the troubled lending companies which strengthened the dollar and sent long-term mortgage rates down.

"When you see rates go down nearly half a point in one day, people notice," said Joey Hansen, a mortgage broker in the Apex, N.C. "I think we’ve entered a new world. The confidence restored in world markets will last for awhile."

"My husband lost his job and we were late on the mortgage payments for a few months. Jimmy found a new job that even paid more, but mortgage lenders and our local banks, kept turning us down because of our credit. I had almost given up when a friend recommended I visit the financing website of the Mortgage Loan Experts. My expectations were low, but I was pleasantly surprised as we were approved for a FHA mortgage refinance that even allowed us to consolidate some old high rate credit cards. We were able to lower our monthly loan payments by almost $700 so my story ended well. Thank you MLE!"
- S. Williams- Raleigh, NC

My credit cards were killing me every month and I just received word that my minimum payments were going to double each month! I felt tapped from my debt and I did not think I would be approved for refinancing because of my credit.. After applying with Mortgage Loan Experts, I was approved in minutes and received my good faith estimate and disclosures in the next 48 hours. My VA mortgage loan closed in a few weeks and I was able to skip a mortgage payment!
- R. Lanigan - Tampa, FL