Has anyone ever used Hartland Mortgage Center? How can this company offer such low rates with minimal points?

I am looking for a cheaper loan and what would the catch be in using this company???
http://www.hartlandmortgage.com/index.aspx
Say the worst scenario I pay $ 5200 in lender fees and $ 2800 in 3rd party fees, so $ 7000 total for this loan, but it would save me $ 200 a month on a 6.25% from Countrywide. I would make my money back in 3 years. They say it is a 30 year fixed, so how could rates change???

Sarah Rosen Wartell

Homeownership Done Right
Programs that Work for Low-Mod Borrowers

To watch the video, click here: www.americanprogress.org/events/2010/03/home.html

April 1, 2010, 9:30am – 11:00am

We must learn the right lessons, not the wrong lessons, from the subprime mortgage crisis.

In the years before the capital markets fueled a subprime deluge and bad money chased out good, a range of policies and programs effectively created sustainable, affordable homeownership. Participants in these programs were much more likely to sustain homeownership than comparable borrowers in subprime loans, even as economic conditions worsened. Proven on the ground, these programs point to a way forward that provides access to affordable homeownership for those who are ready for it. Their record also helps put to rest the myth that lending to underserved communities–as opposed to poor lending practices–drove the crisis.

At this CAP forum, experts will examine evidence derived from close analysis by researchers at the Center for Community Capital at the University of North Carolina, the Urban Institute, CFED, the Federal Reserve Bank of San Francisco, and elsewhere. This research demonstrates that we do know how to do affordable lending that works. Panelists will discuss how this research should inform the discussions of the system of housing finance for the future.

Introduction:
Sarah Rosen Wartell, Executive Vice President, Center for American Progress

Keynote Speaker:
Raphael Bostic, HUD Assistant Secretary for Policy Development and Research

Featured Panelists:
Roberto Quercia, director, Center for Community Capital, University of North Carolina at Chapel Hill
Ida Rademacher, Research Director, Corporation for Enterprise Development (CFED)
Caroline Ratcliffe, Senior Research Associate in the Urban Institute

Moderated by:
David Abromowitz, Senior Fellow, Center for American Progress

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