CHICAGO, Feb. 3 /PRNewswire/ -- Beginning February 1, 2003, home buyers in
the metropolitan Chicago area will benefit from LaSalle Home Mortgage's new
OneFee(SM) home loan. OneFee is a unique home loan that guarantees an
interest rate and one single fee at closing that covers the loan's entire
settlement charge. LaSalle Home Mortgage, a division of ABN AMRO Mortgage
Group, Inc., is the only lender in the Chicago area offering this type of loan
product.
LaSalle Home Mortgage's OneFee combines all of the typical fees associated
with obtaining a mortgage into a single fee. With OneFee, consumers are given
at the time that their home loan's interest rate is locked, a single
guaranteed fee to obtain that home loan. Typically at application a consumer
obtains only a Good Faith Estimate of the likely costs associated with their
loan, often finding that the costs are different at closing.
"LaSalle's OneFee is revolutionary in its simplicity," said Mark Sofyanos,
senior vice president. "OneFee offers consumers a simple and easy to
understand disclosure of the fees they pay. OneFee not only eliminates cost
surprises at the time the loan is closed, but often offers the customer
significant cost-savings on obtaining the loan."
"OneFee is possible because LaSalle bundles the loan's settlement
services," Sofyanos explained. "Consumers pay only OneFee to obtain their
home loan because LaSalle Home Mortgage takes responsibility for all of the
loan's third party and lender-related fees."
In addition to these benefits, OneFee offers consumers enhanced customer
service. "Instead of spending time explaining the multiple fees associated
with obtaining a loan, OneFee affords LaSalle loan officers the time to focus
on determining how to best serve the consumers' financial needs," Sofyanos
added.
About LaSalle Home Mortgage
LaSalle Home Mortgage (LHM) is a division of ABN AMRO Mortgage Group, Inc.
Since 1922, LHM and its affiliates have helped people become homeowners. LHM
serves the Chicago metropolitan area with more than 100 loan officers in 13
offices and LaSalle Bank retail locations in and around Chicago. For more
information, please call (800) 356-2601.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is the fifth largest loan originator and seventh
largest loan servicer in the United States. ABN AMRO Mortgage Group produces
mortgage loans and provides related services through its various divisions
including InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, ABN
AMRO Mortgage, ABN AMRO National Lending Center, ABN AMRO Apartment Lending
and ABN AMRO Mortgage Capital Markets. ABN AMRO Mortgage Group has more than
2,800 employees located throughout the United States.
About ABN AMRO
ABN AMRO Mortgage Group, Inc. is an indirect subsidiary of Netherlands-
based ABN AMRO Bank N.V., one of the world's largest banks with total assets
of (EUR) 614.6 billion and a presence in more than 3,500 locations in over 70
countries and territories. ABN AMRO is organized into three autonomous
strategic business units responsible for managing wholesale clients, consumer
and commercial clients, and private clients and asset management.
SOURCE LaSalle Home Mortgage
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Related links:
http://www.abnamro.com
CONTACT:
Jenn Cornell of Eiler Communications,
+1-734-761-3399, or Jenn@EilerPR.com , for LaSalle Home Mortgage
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