Snapshot of today's pricing (8:29 am EST - rates subject to change without notice)
- On ForTheBestRate.com this morning, the lowest 30 year APR we found (NC) came from:
Amerisave - 4.072% APR, 3.875% Note Rate, 1.354 pts, $1,995 Fees in APR - On 20yearmortgageloans.com the lowest 20 year mortgage rate listed (NC) came from:
Gateway Bank Mortgage - 3.930% APR - 3.750% Note Rate, 1.125 pts, $875 Fees in APR
2 comments:
When you talk of 95 mortgage, it is the ratio of loan to value in the mortgage. Value is the selling price of the property. The loan amount is 95% of the price. Thus, if the price of a property is $150,000, it will need a $142,500 mortgage. The home buyer will just have to pay for $7,500. With that in mind, banks that cater to housing loans will not be encouraged in lending money. Lenders prefer that a home buyer would invest more in a property. It gives them the impression that the borrower is more stable and would never think of walking away from his payables.
Good post.
It's very useful.
Thanks for sharing.
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