March 25, 2009 > Fremont Bank increases lending
Fremont Bank increases lending
Submitted By Casey Boggs
Fremont Bank has increased lending to qualified customers seeking to refinance their home loans during these extraordinary economic times, the company announced.
"We are increasingly seeing our valued customers come into our bank looking to capitalize on the low mortgage interest rates recently set forth by the federal government," says Vice President of Residential Lending Gary De Luca. "Fremont Bank is well positioned financially and willing to accommodate the increased demand and streamline loans for qualified customers."
As house affordability increases, the bank asserts, so does the customers ability to reinvest saved money into the local economy.
"We wholeheartedly believe the government is doing the right thing by lowering mortgage interest rates," adds De Luca. "It's our job to quickly assist our customers to take advantage of this truly unique opportunity and save them money on their mortgages. To that end, Fremont Bank has hired additional skilled mortgage professionals ... to meet the increased demand."