|
|
 |
|
 |
|
|
| |
| 30 year fixed |
| 15 year fixed |
| A.R.M's (adjustable rate mortgages) |
|
30 year fixed
this is a mortgage where the interest rate does not change over the entire 30 year term.
Term: 30 years
Maximum Amount: $417,000
|
 |
15 year fixed
this is a mortgage where the interest rate does not change the entire 15 year term.
Term: 15 years
Maximum Amount: $417,000
|
|
A.R.M's (adjustable rate mortgages)
These are loans in which the rate is fixed for a specific time period and then adjust on a pre-set schedule according to a particular index.
Maximum Amount: $417,000
|
|
|
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
|
|
|
|
|