ANAHEIM, Calif., May 22, 2013 /PRNewswire/ -- CashCall, Inc., a premier consumer finance lender, has recently added a new jumbo mortgage loan product to its rate sheet. CashCall, Inc. specializes in no-closing-cost loans and is able to offer these new jumbo mortgage products below 4 percent with no costs. Adjustable rate loans will not be offered at this time.
"We are happy to add this product to our already large portfolio of products designed to give consumers the lowest possible mortgage rate," said CashCall, Inc. president J. Paul Reddam.
Previously, these products have only been provided by larger banks and institutions and were geared towards their higher-profile customers.
"Having an independent banker as a conduit helps bring lower rates and faster processing times to the consumer. This product should open a window of opportunity to take advantage of the current downtick in rates that we've experienced over the last several years," Reddam added.
The program offers mortgage loan amounts of up to $2 million at a 70% Loan-to-Value (ltv) ratio with a minimum fico score of 720; while loan amounts to $1.5 million are offered at an 80% ltv with a minimum fico score of 700.
The new product adds to CashCall's already large list of products including conforming fixed rate loans (10-, 15- and 30-year), 15-year and 30-year Refi-Plus programs, and open-access 15- and 30-year fixed mortgages.For more information on CashCall, Inc., or to check rates, go to www.cashcall.com call 866-708-5626.
About CashCall, Inc.:
Founded in 2003, CashCall, Inc. is one of the nation's premier lenders. Headquartered in Anaheim, California, the company employs over 2,000 lending professionals, each dedicated to providing exceptional customer service. CashCall simplifies the loan process with innovative technologies to make the process faster, smarter and hassle-free.
CashCall Personal Loans and CashCall Mortgage Loans are divisions of CashCall, Inc., each offering a variety of services depending on the applicant's credit score and needs.
CashCall Mortgage specializes in low interest mortgage loans and home refinancing for borrowers with good to excellent credit. CashCall Mortgage streamlines the application and lending process, reducing their own costs and passing these savings on to customers by undercutting larger banks and lenders with lower interest rates, no application fees, deposits or points.
CashCall Personal Loans offers unsecured term loans to qualified borrowers who typically use the loans for one-time purchases and debt consolidation. These loans of up to $25,000 are processed entirely over the internet, phone and fax. Funds are wired into the borrower's checking account typically within 24 hours. Cash Call Personal Loans have the potential to help customers rebuild their credit score as well, by making payments on time.
SOURCE CashCall, Inc.