09/10/03
Amerisave to Offer Instant Online Home Equity Loans

Online mortgage company uses technology to streamline application process and provide low rates.
ATLANTA, GA, September 10, 2003 – Online mortgage company Amerisave announced today that it is offering home equity lines of credit via the same innovative, software-driven process that earned it a top 20 spot among mortgage originators.

The fully automated procedure will provide consumers the ease of online application and approval. Customers will follow a streamlined application process, which will be followed by a credit decision in as soon as two minutes. Upon receiving loan approval, Amerisave works with applicants to schedule a closing in the comfort of their home, any time day or night.

Due to its technology-driven efficiency, Amerisave does not charge fees or closing costs for its home equity product and offers rates that are always 0.05% below the prime rate. Applicants can qualify up to $200,000 and 90% of the equity in their home.

"Our home equity program allows us to take our mortgage products to a whole new market," Amerisave CEO Patrick Markert said. "Consumers looking for a second mortgage can now benefit from the speed and quality of our online operation. It's simple, fast, and one of the most competitive home equity products on the market today."



About Amerisave Mortgage

Amerisave Mortgage is one of the nation's leading and fastest-growing on-line mortgage companies, serving customers in all 50 states and DC. Amerisave was established in 2002 with a mission to offer homeowners and prospective buyers the best rates from top banks. Amerisave's low rates and fees are backed by a $300 guarantee that consumers won't find a better offer. Amerisave's website, www.amerisave.com, uses proprietary technology that offers unique advantages for consumers. Amerisave's technology enables it to instantly search rates and loan program from multiple lenders providing consumers with the best mortgage available. Amerisave also provides instant rate and closing cost quotes; the ability to request lock rates 24 hours a day, seven days a week; and a streamlined online application process. Amerisave is headquartered in Atlanta, Georgia.