LoanAction.com is a national mortgage banker and broker with the experience and reputation to find you the loan that best fits your needs.  With our streamlined loan process, we make getting your loan fast and easy.  Our professional and courteous loan consultants are here to help you and advise you on what is one of the most important decisions of your life. We look forward to the challenge of earning your business and we welcome the opportunity to serve you in obtaining your next home loan.

Most lenders out in the marketplace are either strictly a mortgage banker or strictly a mortgage broker. LoanAction.com, on the other hand, works as both. Since LoanAction.com is strictly focused on you, the customer, it is our goal to find you the finest available loan program for your particular situation, period. Because that is our goal, being both a mortgage banker and broker gives us the freedom we need to find you the best loan program around.

Equity is the difference between the amount a home would sell for and the balance still owed on the mortgage. This important difference represents the homeowner's financial interest or equity in the home. A homeowner can therefore borrow against the equity in their home and use it for virtually any purpose, such as debt consolidation or home improvements. Because this is a mortgage based loan, the interest paid on this loan can be tax deductible (consult your tax specialist).

An adjustable (or variable) rate mortgage has an interest rate that adjusts periodically on the basis of changes to a specified index. Typically adjustable rate mortgages (ARM) start out at somewhat lower rates than do fixed rate mortgages. They, however, fluctuate up - raising the monthly payment, or down - lowering the monthly payment, depending on the movement of the index to which it is tied to. A fixed rate loan, on the other hand, has an interest rate that remains the same throughout the entire loan term. Your experienced LoanAction.com loan consultant can discuss the advantages of both types of mortgages to help you decide.

These three letters stand for Annual Percentage Rate...which is the total cost, on a yearly basis, in interest as a percentage of the loan amount. This figure includes such items as the base interest rate and any loan origination fees. A LoanAction.com loan consultant would be glad to answer any questions about Annual Percentage Rates and how they are calculated.

With LoanAction's tremendous variety of loan programs, the documents you will need to provide vary form program to program. Some common documents that you might need to provide are:

Your LoanAction Loan Consultant will let you know what documents you need to provide in order to close your loan quickly and efficiently.

In order to simplify this answer, closing costs can be divided into three categories:

Your LoanAction Loan Consultant can give you a detailed breakdown of all closing costs that would apply to your loan.

It couldn't be easier. Just click here to apply or call us at (800) 734-3772 and speak with one of our friendly loan consultants and let them answer any questions you might have.

Program	Rate	APR
30 Yr Fixed	5.625%	5.807%
15 Yr Fixed	5.25%	5.554%
7 Yr Fixed	5.625%	6.639%
5 Yr Fixed/ARM	5.50%	6.840%
3 Yr Fixed/ARM	5.50%	7.101%