Bank of England Jacksonville | Bank of England Mortgage Jacksonville

Commentary: Up until now, most home buyers and owners did not realize that there is a simple service that allows them to easily compare multiple lenders real rates and fees within minutes with very little effort. The savings difference between an acceptable interest rate and the best rates on average is $ 32,040.00 you can see the math right here. 

If considering a mortgage with Bank of England, it is important to know that they only offer their own banking rates.

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Does Bank of England Jacksonville Florida have lowest rate and fee mortgage?

Given that Bank of England, is a single source mortgage lender, meaning they do not have multiple mortgage lenders competing to earn your business, than there is a very very good chance that this answer is no. 

There is a very good chance your interest rate could be .50% lower, and if your loan amount is $ 300,000 on 30 years, that is $ 32,040 in lost savings. Why walk away from this savings?

As consumers, we take the time to shop for cars in hopes of saving $2,000-$5,000, however, because mortgage loans use to be so hard and confusing to shop for, most consumers have resolved to just accept the "I can live with this," offer and I really like the Loan Officer I am working with.

While Bank of England in Jacksonville is a credible mortgage lender, they do not afford you the ability to shop multiple lenders rates. Bank of England mortgage services have a high vote of confidence from real estate agents; however, real estate agents are focused on loans closing on time not who has the lowest rates.

What is the cost difference I loose by getting a higher interest rate and fee Bank of England mortgage?

When you work with a single source mortgage lender, like Bank of England, you do not get competitive interest rates. We see this as an old business model, that is changing fast thanks to internet and digital mortgage market place. In short, the losses from not getting the lowest rate fee loan is $ 32,000 on average.

Here is a perfect math example of lost savings:

Example 1:

Loan Amount: $ 300,000

Term: 30 Years

Rate: 4.75%

Payment: $1,565.00

Total Payments: $ 1,565 x 360 = $ 563,400.00

Example 2:

Loan Amount: $ 300,000

Term: 30 Years

Rate: 4.25%

Payment: $1,476.00

Total Payments: $ 1,476 x 360 = $ 531,360.00

LOAN SAVINGS DIFFERENCE:

$ 563,400.00 - $ 531,360.00 = $32,040.00

How can I know for sure that I will get the lowest interest rate and fee mortgage?

In order to know you are getting the best mortgage with the lowest interest rate and fees, we must compare real mortgage loan offers without spending days and submitting several loan applications. The best solution is to have an online market place where the competing bank with the lowest rate and fees wins your business. You can compare Bank of England mortgage rates with other lenders all online in minutes.

This is a true win, win business model. 

How does a higher interest rate affect my future home equity?

The higher the interest rate, the smaller the amount of each payments monies go towards the principal balance of your loan. In other words, the higher the interest rate, the larger the amount of your monthly payment goes towards interest charges. Higher interest rates affect your ability to build home equity faster.

Where can I go online and compare real interest rates and fees from Multiple Lenders at once?

Most all sites online attempt to convince consumers that they offer multiple mortgage offers; however, they are simply lead traps. They collect and sell your information to 5-10 lenders. 

EquiFund Mortgage, is a full service multi lender mortgage market place. In this site, within 3 minutes you can see real interest rate loan offers and closing cost right away. Like the loan you find, as lender agents, EquiFund will originate, process and close your loan in record speed. 

Do these mortgage market shopping sites offer real interest rates?

All most all the sites you will come across on the web, offer teaser rates and then sell your information to mortgage lenders. EquiFund Mortgage, is a full service online mortgage market place, where you can compare real interest rates and closing cost and close your loan. 

There are no additional fees to use our service. In fact, in most cases there are no origination fees, no lender fees, and no underwriting fees. Just a very low interest rate and fee mortgage loan. 

What is the lowest interest rate and fee guarantee?

Because our full service digital mortgage market place provides multiple lenders offers, our system will return the lowest interest rates, and fees guarantee. 

EquiFund Mortgage is truly changing the way consumers get the best mortgage loans. 

Will this mortgage market place sell my information or spam call me?

Because your rates and fees are so low, we do not need to call our initial inquiry consumers. They call us. 100% Private to use, we do not sell or share your information to any other party. 

When you elect to proceed, your information will only be sent to the underwriting teams. 

Are there any Fees or added cost to use this service?

No, as lender agents, we are paid directly by the winning lender. Therefore, there are no origination fees, no lender fees, no underwriting or processing fees. 

Does EquiFund Digital Mortgage Market close our loan request on time?

Yes, EquiFund Mortgage has over 22 years of mortgage lending experience. We have helped over 50,000 homeowners and maintain an A+ Better Business Bureau, and 5 star Google Review. 

Reading our review will probably tell you everything you need to  know.