What's Your Rate?

Mortgage and Lending

When it comes to buying a home, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today's home buyer needs good advice from an experienced, educated mortgage professional who has the consumer's best interest in mind.

For consumers, this means beware of anyone who quotes you an interest rate over the phone or the Internet without asking anything about you, your family, your finances or your lifestyle. Besides market conditions, your mortgage rate is based on a long list of criteria that are unique to your individual financial situation.

Look at the list below of 26 different criteria that affect your mortgage rate. How can anyone quote you an interest rate you can trust without a thorough knowledge of your unique financial situation?

1. Loan Amount 2. LTV 3. CLTV 4. Credit Score 5. Credit History 6. Escrow Preference 7. Closing Date 8. Loan Type 9. Property Type 10. Occupancy Type 11. Residency 12. Available Assets 13. Asset Seasoning 14. Co-borrowers 15. Debt Ratio 16. Housing Ratio 17. Improvements Needed 18. Employment Type 19. Employment History 20. Documentation Type 21. Paying Points 22. Length of Loan 23. Relocation 24. Seller Contributions 25. Gifts 26. Cash-out

Give us a call. We'll analyze your individual needs and offer you a combination of loan programs and interest rates that makes the most sense for you and your family.


Mortgage Interest Rates*
Rates as of Friday, 5th June, 2009:
  Conforming APR Payment per
Jumbo APR Payment per
30-Yr. fixed 5.500% 5.635% $5.68 5.750% 5.842% $5.84
15-Yr. fixed 5.000% 5.227% $7.91 4.875% 5.026% $7.84
7-Yr. fixed ARM 5.000% 5.131% $5.37 5.125% 5.213% $5.44
5-Yr. fixed ARM 4.500% 4.627% $5.07 5.000% 5.088% $5.37
3-Yr. fixed ARM 4.500% 4.627% $5.07 4.115% 4.198% $4.84
5-Yr. Interest Only 4.750% 4.879% $3.96 5.250% 5.339% $4.38
*Rates are subject to change due to market fluctuations and borrower's eligibility.
Superior Home Mortgage Corp. licensed in DE, FL, GA: Georgia Residential Mortgage Licensee #14511, MD, MI, NY: Licensed Mortgage Banker - NY State Banking Department, NC, PA, SC, VA: Virginia State Corporation Commission License # MLB-566, & DC. Superior Mortgage Corp. licensed in CT, MA: Mortgage Lender License # MC3208, NJ: Licensed Mortgage Banker - NJ Department of Banking, RI: Rhode Island Licensed Lender & Broker, & TN. SHM Mortgage Licensed by the New Hampshire Banking Department

Karl Peidl
Superior Mortgage Corp
Augusta Professional Center 854 S White Horse Pike
Hammonton, NJ 08037

800-706-6671 ext 4349



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Karl Peidl

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