eloans information

Eloan

Mortgage Loans
E-LOAN offers several different types of mortgages, including 40, 30, 20 and 15-year loans.
Other loan choices include those with zero down or no PMI (Private Mortgage Insurance). These remain popular among customers financing a home loan in locations where housing costs remain above the national average.
Refinance Loans
E-LOAN offers refinancing options for customers searching for a better rate, extra cash, or both. Customers can apply for a mortgage refinance with a cash-out refinance or a home equity loan.
E-LOAN provides two types of home equity loans:
A home equity line of credit, also known as a HELOC, which extends a credit line that can be accessed whenever the borrower chooses.
A home equity loan or “second mortgage,” which provides cash in a lump sum while retaining the borrower’s existing first mortgage.
Vehicle Loans
E-LOAN also provides car, truck, and motorcycle loans for both dealers and non-dealers (private party). Loans for lease buyouts are also available, along with auto refinance loans for borrowers searching for better rates than their current car loans.
E-LOAN provides approved vehicle loan applicants with a “PowerCheck®,” which works much like a regular check.
'Online Savings and CDs'
Differing from its other loan products, E-LOAN also offers high yield savings and CDs. Current rates are listed on the company’s Web site at savings.eloan.com/savings