Lock & Go Offers Consumers a Lock on Today's Interest Rate
with 90 Days to Find Their Dream Home
ANN ARBOR, Mich., April 26 /PRNewswire/ -- The Financial Institutions
Group of InterFirst Wholesale Mortgage Lending, a division of ABN AMRO
Mortgage Group, Inc. (AAMG), recently began offering Lock & Go(SM) to its
customers. With Lock & Go, community banks can lock the mortgage loan's
interest rate on InterFirstlink.com prior to obtaining an executed purchase
agreement from the borrower.
This innovative loan program offers community banks a competitive
advantage in their local markets by enabling them to secure a mortgage pre-
approval before the borrower even shops for a home. Lock & Go locks the
loan's interest rate and guaranteed OneFee(SM) mortgage closing costs for up
to 90 days.
"By offering the option to lock an interest rate and guaranteed OneFee
mortgage before actually signing a purchase agreement on a home, Lock & Go is
an attractive loan program for consumers and community banks alike," said
Michael Griffith, ABN AMRO Mortgage Group senior vice president and
InterFirstlink group manager. "Lock & Go is unique in that it provides, at
the same time, flexibility and stability. Lock & Go is the ideal product for
community banks seeking to gain new customers and differentiate themselves
from competitors."
Borrowers benefit from the security of shopping for a home loan while they
are pre-approved with a locked interest rate and AAMG's guaranteed OneFee
mortgage. Additionally, with pre-approval of a mortgage loan secured,
borrowers enjoy increased negotiating power when making an offer on the home
they wish to purchase.
For more information, please visit http://www.InterFirstlink.com or call
800-770-1673.
About the Financial Institutions Group of InterFirst Wholesale Mortgage
Lending
The Financial Institutions Group of InterFirst Wholesale Mortgage Lending
provides mortgage capabilities to community banks through its InterFirstlink
program. InterFirstlink is a comprehensive mortgage lending program that
provides a simple, Web-based loan origination system, processing, regulatory
compliance, and marketing support. InterFirstlink enables financial
institutions to establish a mortgage operation without increasing staff or
other resources, while retaining brand identity with customers. Information
on InterFirst's Financial Institutions Group is available at
http://www.InterFirstlink.com or by calling 800-770-1673.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO N.V.
Netherlands-based ABN AMRO is a leading international bank with total
assets of EUR 608.6 bln (as of December 31, 2004). It has over 3,000 branches
in more than 60 countries and territories, and has a staff of about 100,000
full-time equivalents worldwide. ABN AMRO is listed on the Euronext and New
York stock exchanges.
SOURCE ABN AMRO Mortgage Group, Inc.
 back to top
Related links:
http://www.abnamro.com
http://www.InterFirstlink.com
CONTACT:
Jenn Cornell, +1-734-761-3399, for ABN AMRO
Mortgage Group, Inc.
|
