Real Loans For Real People September 29th, 2008
If you're comparing rates with last week, you see that there has been a slight decline. If you are considering a refinance, I would get the rate locked in because I do not expect this short term decline to last.
The Best Loans Right NOW
5.75% 30 Year fixed rate loan, with nine tenths of a point point to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2334, APR 5.875! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 5.25 percent!
Truthfully, I am not seeing enough difference between 5/1 Rates and the thirty year fixed to justify the choosing the ARM. That same 5.75 you can get on a thirty year fixed for nine tenths of a point costs seven tenths of a point to the consumer on a 5/1 (Payment $2334 APR 5.857 on a $400,000 loan)
10 year interest only payments available on 30 year fixed rate loans!
Great Rates on temporary conforming, jumbo and super-jumbo loans also available!
Zero closing costs and zero points loans also available!
Yes, I still have low to zero down payment and stated income loans available!
These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!
All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.
Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.
Designing transactions for low to zero down payment a specialty
Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!
Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com
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