Home And Garden Articles

New Mortgage 'Rate Relief' Program Offers Discounted Rates as Low as 4% on Fixed Rate, Zero-Down Home Loans

Atlanta, GA (PRWeb) March 27, 2007 -- Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, is pleased to announce they now offer a new discounted mortgage program called "Rate Relief," which offers borrowers a discounted interest rate for the first two years of their home loan. This program can be used with a variety of loan products including 15 and 30-year fixed, Interest-Only and Zero-Down loans.

The way the program works is simple. The mortgage payment in years one and two are discounted and calculated at rates 2 percent and 1 percent, respectively, below the borrower's permanent interest rate. For example: If a borrower locks in a market rate for a 30-year fixed mortgage at 6 percent, the borrower would initially pay an interest rate of only 4 percent the first year, 5 percent the second, and 6 percent in years three through 30. The cost of this buydown can be paid for by the seller/builder, or financed. The "Rate Relief" program is the most effective way to reduce expense ratios because the payment reduction is concentrated in the early years of the home loan. The expense ratios used to qualify the borrower are based on the reduced payment made by the borrower in the first month.

"This program is perfect for first time homebuyers and borrowers who need to financially grow into their home, but don't like the uncertainty of adjustable rate mortgages," states Stephen Katz of Katz Mortgage Team. "The average first time home buyer would save $200-$400 each month -- or more -- during the first year of their mortgage, and half as much in the second, depending upon the size of their mortgage." The savings can also be magnified if matched up with an interest-only fixed rate mortgage.

The advantage of the "Rate Relief" mortgage program is obvious for home loan borrowers. Anytime a borrower can lower their initial monthly mortgage payments, they qualify for a higher sales price home. Or, if refinancing an existing mortgage, the borrower would further lower their payments, using this savings to pay off other bills, or to invest in high yield financial instruments. This loan provides home loan borrowers the benefit of a lower start rate, such as an ARM, but with the long-term stability of a fixed rate loan.

Katz further states, "Our new Rate Relief program is just what the doctor ordered for first time homebuyers or any borrower who wants a lower initial mortgage payment. We feel the program meets the needs of many of our customers who want a fixed predictable mortgage payment without the market risk that adjustable carry. It's definitely the best of both worlds."

About Katz Mortgage Team
Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers in 24 states across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages and a wide variety of Interest-Only loans attractive to real estate investors seeking investment properties.

About Amtrust Mortgage Corporation
A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Constantly expanding coverage, Amtrust currently operates in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington.

For more information, contact:
Stephen Katz - Senior Loan Officer
866 742-8400 (toll free)
www.KatzMortgageTeam.net

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Town & Country Conservatories Designs Custom English Skylight for Rockefeller Center's Flower & Garden Show
EnglishSkylights.com, a division of Town & Country Conservatories designs and builds a custom conservatory-inspired skylight for Rockefeller Center's annual Flower & Garden Show.

Fall Garden Chores for Spring Flowering Bulbs
As the school busses begin to rumble down the road again we are reminded that the gardening season is drawing to a close. For the gardener with an eye toward next spring, however, the season still promises plenty to be done in preparation of a showy spring to come.

How to Choose the Right Bulbs for Your Spring Flower Garden
Choosing the right bulbs involves more than just selecting colors and cultivars. Timing, bulb size, and most importantly, bulb health are equally significant factors in designing your spring garden.

Chocolate for the Home and Garden ~ Chocolate Flower Farm Launches New Candle Division
Chocolate Flower Farm, a specialty nursery featuring dark foliaged and flowering plants, launches a new candle division with the acquisition of the exclusive rights to a distinctively different "Essence of Chocolate" candle. The candles along with their popular series of Chocolate Garden Seed Kits will be offered to retailers worldwide.

Add Rich Color To Your Garden With Blue Perennial Flowers
Blue flowers are some of the most striking plants around and can add a rich splash of color to any garden. Plant them in a cluster of all blue or mix them in with other flowers for a rainbow of color.

In Bloom: Manbury Home and Garden Accessories Unearths Garden Delights for Gorgeous Homes
Manbury Home and Garden Accessories now features a variety of attractive, practical garden solutions at www.manbury.nl, where consumers can peruse and purchase a variety of garden tools and accessories.

Wild Flower Garden - Yours to Design and Plan
To design a wild flower garden, you do not need to be a specialist or an artist, you just need to be observant and let your creative juices flow. Look around you, what is unique about your surroundings? Do you wish to enhance or compliment these things.

Flower Gardening
Flower gardening is becoming more and more popular every day. Flowers can brighten everyone?s day, they smell nice, and are a great hobby. Flower gardening is simple, inexpensive, and loads of fun. Flower gardening can be done for yard decoration, simply as a hobby, or even professionally.

Exotic Flowers: Luxurious and Impressive for Your Home and Garden Decor
There are several types of exotic flowers to best suit any occasion. And of course, depending on your personal taste, you will want to choose the best exotic flowers you can obtain to be the perfect flowers, the most adequate for the purpose they will be serving. For example: at someone?s funeral, you may want to choose bouquet of flowers that the deceased would have loved. Here are some other examples (after all, these flowers are for happy occasions as well as the more tragic ones.

Edible Flowers in Your Garden
Flowers can be an integral part of cooking. While most of us are aware that violets can be candied and nasturtiums can be eaten in salads, there's a bounty of flower varieties that are both edible and delicious.

Brighten Up The Garden With PVC Box Deck Flower Railings
Box deck flower railings can really brighten up any garden. The flowers create a homely, warm feel as well as adding a touch of elegance. Many people wonder how to improve the look of their deck and a flower box is by far one of the best ways to do it.

5 Most Popular Flowers for Your Garden
When planting a garden there are many questions which you must ask yourself before you begin. Where are you going to plant it, do you have the garden equipment to do so and how big do you want your garden to be? When do flowers bloom and what are their heights? These are all very important questions, however they mean very little if you have not yet decided which types of flowers you want to plant.

Wild Flower Garden - Make Amends...Your Plants Will Love It
A wild flower garden, just like any garden you wish to plant, requires good quality soil that will meet the needs of the plants you put in it. That means that your garden soil may need some amendment.

Converting a Weed Garden to a Manageable Flower Garden
Recently I must have had sucker tattooed on my forehead because just when I thought my summer gardening season was winding down into a nice relaxed not hard labor kind of fall a friend baited me into a conversation about their landscaping and the outcome was I ended up helping them redesign a garden