bank rates

Buy A Home With EverBank’s 30-Year Loan

EverBank has one of the best deals in the country on 30-year mortgages.

It's offering a fixed-rate loan for 4.5% with no points.The online bank based in Jacksonville, Fla., is offering a fixed-rate loan for 4.5% with no points and $647 in fees.

That’s a little more than these kinds of loans were going for last fall, when mortgage rates fell to record lows.

But it’s still half a percentage point less than the current national average for 30-year mortgages, and the principal and interest payment would be an affordable $507 a month for every $100,000 borrowed.

These loans are available in all 50 states. You’ll need a credit score of 700 or higher and a down payment of at least 20% (or 20% equity in your home for a refinancing) to qualify.

Take advantage of a mortgage like this and you’ll never have to worry about your home loan again.

It’s cheap and safe, carrying none of the risks associated with interest-only or adjustable-rate mortgages.

You won’t have to fret about interest rates going up, principal payments kicking in or any other nasty surprises that could drive up your housing costs a few years down the road.

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