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Dear Customers, Family and Friends:

The global economic situation continues to impact home financing in many ways. Reduced home values are making moving up and/or refinancing difficult for many existing homeowners. On the flip side, several positive developments have occurred since our last newsletter. 

Europe Debt Crisis Causes Mortgage Rates to Drop
The debt crisis which started in Greece and is spreading throughout greater Europe has caused investors to once again seek the safety of U.S. government securities. Supply and demand forces have pushed treasury yields lower and mortgage rates have followed suit. A sampling of current rates is included in this newsletter. To view all programs and rate and point combinations (without providing any personal info), perform a rate search on our website at: www.aimloan.com/searchrates.

PMI Guidelines Return to Pre-Crisis Levels
The debt crisis which started in Greece and is spreading throughout greater Europe has caused investors to once again seek the safety of U.S. government securities. Supply and demand forces have pushed treasury yields lower and mortgage rates have followed suit. A sampling of current rates is included in this newsletter. To view all programs and rate and point combinations (without providing any personal info), perform a rate search on our website at www.aimloan.com/pmi.

125% Refinancing for Underwater Homeowners
The best refinance option for homeowners who are underwater on their mortgage is still the Home Affordable Refinance Program (HARP). The program allows for the refinancing of mortgages with balances up to 125% of a home’s value. Primary residences, second homes and rental properties are all eligible. If the existing mortgage does not have PMI, the new loan will not require PMI either. If the existing mortgage has PMI, the new loan will require PMI, with the new premium depending on which PMI company carries the policy. To learn more about HARP and view a chart of PMI company renewal premiums, visit: www.aimloan.com/homeaffordable.

New Life for Haiti
Our 1st Quarter Community Service Campaign resulted in a contribution of $32,600 to New Life for Haiti. We received a nice letter from the CEO of the organization advising that they will be building two schools with our contribution. Learn more and view this letter at .www.aimloan.com/community.

5th Largest Online Direct Lender in U.S.
The latest survey released by National Mortgage News ranked AimLoan the 5th largest online direct lender in the U.S.

None of this would have been possible without the unwavering support of our customers and associates.

I thank you for your support over the last 12 years in helping us accomplish our mission of “providing the lowest cost, most convenient mortgage in America.”

Enjoy the rest of your spring season and make it a safe and fun summer!

Sincerely,

Vince Kasperick
Founder and President
AimLoan.com

P.S. If you found this quarterly newsletter to be informative, please forward it on to others you know.  Friends can sign up at www.aimloan.com/newsletter.