EverBank Mortgage Rates & Refinance Basics
EverBank is one of the top banks in providing mortgage services, private banking services, and investment services. EverBank originally found its start in Jacksonville, Florida in 1961. That year, Robert Clemens created EverBank and obtained ownership of multiple bank branches in Florida. Since then, EverBank have become a leader in banking and mortgage servicing in Florida.
Today, EverBank enjoys a four-star rating from BauerFinancial. They have 2,400 employees and serve 575,000 customers. EverBank Mortgage services more than 415,000 loans totalling nearly $57 billion.
In addition to providing top commercial banking and lending services, believes in giving back to the community. The company plays an active role in the Habitat for Humanity program. EverBank Mortgage has assisted in building over 25 homes for homeless people through the Habitat for Humanity program.
EverBank Mortgage Rates
The two major types of loans that EverBank provides are the Fixed Rate Mortgage and Adjustable Rate Mortgage. For the Fixed Rate Mortgage, homeowners can choose from loans terms as short as 15 years and as long as a 40 year mortgage. Qualified borrowers can enjoy pre-qualification in applying for a Fixed Rate Mortgage. There is also a flexible time period in which borrowers can lock in rates for a Fixed Rate Mortgage. A borrower can lock in a mortgage rate for 30 days prior to the closing on a home.
EverBank also offers some of the most flexible terms for Adjustable Rate Mortgages. Many borrowers find the terms of Adjustable Rate Mortgages offered through EverBank to be very favorable. With an Adjustable Rate Mortgage through EverBank, there is an initial period in which a homeowner will enjoy a fixed rate. One can choose from initial fixed interest rates that range from 1 to 10 years in length and can also benefit from the same 30-day “pre-lock” as on a fixed-rate loan.
EverBank offers very competitive interest rates on either type of loan. EverBank can also assist low income individuals in obtaining a loan for a home.
EverBank Refinance Rates
EverBank is one of few banks that offers homeowners the option to change an Adjustable Rate Mortgage into a Fixed Rate Mortgage. Transitioning into a Fixed Rate Mortgage can save homeowners from a lot of stress. One can also refinance a mortgage through EverBank. The mortgage professionals can assist homeowners in extending the life of a mortgage so that the monthly payments are lowered.
One of the other options that homeowners have in refinancing a home is debt consolidation. Debt consolidation can be a complex and overwhelming process. The mortgage professionals at EverBank will clarify the process and make it easy for homeowners.
Another benefit of working with EverBank is that they offer access to loans through government programs. Loans under the Home Affordable Refinance Program (HARP) allow people with underwater mortgages to take advantage of today’s low refinance rates regardless of their loan-to-value ratio. Everhome Mortgage also participates in the Home Affordable Modification Program (HAMP) which lets distressed homeowners change the terms of their mortgage to bring it to a level that they can afford. Active duty military personal who have trouble paying their Everhome Mortgage can also take advantage of the protections included in the Servicemembers Civil Relief Act (SCRA).
Jumbo Mortgage and Refinance Rates
EverBank also serves clients who need to take out a Jumbo mortgage or refinance. Jumbo loans are mortgages with values over $417,000, and EverBank will make them at values as high as $3,000,000. Furthermore, since Everhome is both the mortgage lender and the servicer, the borrower benefits from always dealing with the same company throughout the life of their loan.
Their jumbo program has very competitive mortgage rates and borrower-friendly terms. They offer three types of adjustable mortgages with five, seven and ten year initial fixed rates as well as a 15-year fixed rate jumbo loan for people who want to pay off their home as quickly as possible.
To learn more about EverBank, interested homeowners should go to www.everhomemortgage.com. The website contains information on the different types of mortgages and loan modification programs available through Everhome. In addition, the contact information for mortgage professionals is available at this website.