Home Mortgage Rates
Current rates, as of Wednesday, April 11, 2007:
|
Financing Available Through:
Renaissance Mortgage Bankers
NMLS #2332
408-238-5959
|
|
| Product |
Interest Rate |
APR |
Total Points |
| 0% Down 1st/2nd Loans 1 |
6.63% |
|
0 |
| 1 year fixed interest only |
5.50% |
|
0 |
| 10% Down Interest Only 2 |
0.00% |
|
0 |
| 30 Fixed Conf 3 |
6.13% |
|
0 |
| 30 Fixed Jumbo 4 |
6.38% |
|
0 |
| ARM 10/1 Jumbo 5 |
6.63% |
|
0 |
| ARM 5/1 Jumbo 6 |
6.38% |
|
0 |
| Option ARM 7 |
1.00% |
7.38% |
0 |
|
Clare Jin, Loan Manager
at
408-238-5959
|
|
|
 |
|
1
The above rate assumes a 0% down payment on a loan amount of $500,000. The interest payment for this example would be $2,760/mon. The results above assume total points of 1% plus an estimated $5,000 in additional prepaid finance charges.
2
The above rate assumes a _____% down payment on a loan amount of $_____ with a _____-year term. The principal and interest payment for this example would be $_____. The results above assume total points of _____% plus an estimated $_____ in additional prepaid finance charges. If the down payment is less than _____%, mortgage insurance may be needed which could increase the payment and APR.
3
THIS IS BASED ON 4/11/2007 RATE SHEET. ASSUMING UP TO $417,000 LOAN AMOUNT, 75%LTV, 700 AND ABOVE CREDIT SCORE, FULLY DOCEMENTED INCOME.
4
THIS IS BASED ON 4/11/2007 RATE SHEET. ASSUMING $650,000 LOAN AMOUNT, 700 AND ABOVE CREDIT SCORE, FULLY DOCEMENTED INCOME.
5
THIS IS BASED ON 4/11/2007 RATE SHEET. ASSUMING $650,000 LOAN AMOUNT, 700 AND ABOVE CREDIT SCORE, FULLY DOCEMENTED INCOME.
6
THIS IS BASED ON 4/11/2007 RATE SHEET. ASSUMING $650,000 LOAN AMOUNT, 700 AND ABOVE CREDIT SCORE, FULLY DOCEMENTED INCOME.
7
Pay option ARM with fixed interest rate and fixed minmum payment. Rate is based on 7/11/2006 rate sheet.
Due to various federal, state and local requirements, certain products may not be available in all areas. Other restrictions may apply.
Closing costs are not included in the Annual Percentage Rate (APR). The total points and additional prepaid finance charges are included in the APR. For adjustable-rate transactions, rates are subject to increase over the life of the loan.
Rates are subject to change without notice, and loan pricing may be locked only through a home mortgage consultant to be effective.
|
