Mortgage Rate Monitor For Mar 4 2013 Renovation Loans Slightly Higher

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Mortgage and Lending with Clear 2 Close Home Loans Home Loans - Mortgage Broker Florida Mortgage Broker Florida

The rates have come down a bit to start off the week! Purchase renovation loans and refinance renovation loans slightly higher.

 

Wells Fargo Home Mortgage Mortgage Rate Monitor Alerts
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Today's Rates: March 04, 2013

  Conforming1 Loan Rate FHA
  30 Year
Fixed
15 Year
Fixed
30 Year
Fixed
Interest Rate 3.625% 2.75% 3.25%
Annual Percentage Rate (APR) 3.799% 3.056% 4.274%
Monthly Payment $820.90 $1,221.52 $982.87
Payment Term 30 YEARS 15 YEARS 30 YEARS
Loan Amount $180,000 $180,000 $180,000
Est. Prepaid Finance Charges $3,800 $3,800 $3,800
Down Payment 25% 25% 3.5%

Be aware that mortgage rates can change without notice and apply only in certain conditions. The APR for the loan products shown reflects the interest rates and estimated prepaid finance charges which include 1% of your loan amount to be paid toward the loan origination charge, but does not include all closing costs or discount points. The displayed rates assume that you're refinancing a single-family primary residence with a 60-day-lock.

These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.

The monthly payment amount displayed includes principal, interest and any required mortgage insurance. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment.

Conventional loans with a down payment less than 20% require mortgage insurance which could increase the monthly payment and APR.

FHA loans require both an upfront and in most cases, an annual mortgage insurance premium. The premium varies based on the individual loan characteristics. For illustrative purposes on FHA loans, our loan detail results include an estimated mortgage insurance payment added to the monthly principal and interest payment.

1 Conforming loan amounts for certain loan products have increased in federally designated metropolitan areas. Larger limits available in the state of Hawaii. To find out if these new loan limits can help meet your needs, contact us.

 Predictable Monthly Payments

Finance your most important investment — your home — with security designed to meet your needs. You can have the security of knowing that your monthly mortgage payments won't change no matter how interest rates change in the financial markets.

If you're planning on staying in your home for the long term, you can lock in today's favorable fixed mortgage rates for the life of your loan.

Start the application process online or call us at 954/648-4949and our home mortgage consultants can address your individual needs.


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Dennis J Hearing
Renovation Specialist
Office: 954/648-4949
Fax: 866-889-4903
Mobile 954-648-4949
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2000 Glades Rd
Suite 400
Boca Raton, FL 33431 

NMLSR ID 892525
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Homes For Heroes Lending Specialist Dennis Hearing Florida   Clear 2 Close Home Loans Dennis Hearing

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