Pac Banc Mortgage Reaches Out To Homeowners Who Are In The Dark About Their Looming Rate Adjustment
September 28, 2007
McKinney, Texas - Pac Banc Mortgage is pleased to announce its new program. We continue our dedicated effort to educate and serve the Texas mortgage market at large.

Sep 28, 2007 -- /prbuzz/ --New Century, once an Industry Giant in the Sub-prime Mortgage world, has express concern for their current customers whose loans are Adjustable Rate Mortgages. These mortgages have a short introductory period, generally 24 to 36 months, with a fixed interest rate and payment. After the introductory period however, the rate adjust every 6 months for the life of the loan. Often times, the rate adjustment is as much as 3%! Many customers are seeing their payments increase hundreds of dollars per month, making it difficult for many, impossible for others to keep up. Many customers, under tremendous pressure from unscrupulous lenders, we not made fully aware of what type of loans they were signing.

Pac Banc Mortgage has once again committed itself to reaching out to educate New Century customers. We work closely with new Industry initiatives designed to provide relief to these customers including, but not limited to, new FHA guidelines. We are offering a free loan consultation to all New Century customers. Our goal is to empower these customers to make an educated choice.

If you have any questions or comments please feel free to contact us via E-Mail or telephone.

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Address:
Pac Banc Mortgage
North American Real Estate Services
2600 Eldorado Parkway, Suite 115
McKinney, TX 75070

Main Office Line (214) 544-9578
24 Hour Application Line (866) 393-5980
Fax (800) 647-9204
About the Press Release
New Century, once an Industry Giant in the Sub-prime Mortgage world, has express concern for their current customers whose loans are Adjustable Rate Mortgages.


 
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