Products and Services

Fixed-Rate Mortgage Products (for 1st Mortgage Only):

Monthly principal and interest payments do not change over the term of the loan, which means your mortgage expenses are easily anticipated. If you believe interest rates are going to increase, this may be the best option for you.

In some cases, loans may be forwarded to one of our lending partners. If this applies to the loan product you select, you will be notified before any personal information is collected.

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Adjustable Rate Mortgage (ARM) Products:

The interest rate on this loan will be fixed for a stated period of time and will then become adjustable for the remainder of the loan. For example, a 5-year fixed (30-year) loan would have a fixed interest rate for the first five years and then convert to an adjustable rate for the remaining 25 years.

This adjustment is based on changes in a pre-selected index, and will take place according to a pre-defined schedule (generally every six months or every year). Your interest rate and monthly payment will fluctuate based on changes in your index. The most common indices are the Treasury Bill, Certificate of Deposit (CD), LIBOR and COFI.

Adjustable rate loans have more risk due to the possibility that the interest rate could increase. However, because you are assuming additional risk the lender will generally reward you with a lower interest rate and monthly payment during the initial fixed interest period. These loans are of particular benefit to borrowers that plan to either sell the property or refinance before reaching the adjustable period.

In some cases, loans may be forwarded to one of our lending partners. If this applies to the loan product you select, you will be notified before any personal information is collected.

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Installment Vehicle Loan:

If you want to purchase a new or used vehicle and own it outright at the end of the loan, installment loans are for you. Monthly payments are applied to the actual purchase of the vehicle.

E-LOAN offers low rates on 36, 48, 60, 66 and 72 month installment loans. These loans have no mileage limits or fees often associated with a lease.

To learn more about the auto loan process, click here.

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