. RapidRefinance is not a banker or lender (Service Provider).
Leading mortgage loan providers participate in our matching engine
that may have loan products available matching the criteria you submit
in this interest profile. Information is submitted to these lenders in
real time and they may contact you via the contact information you
provide Your submitted information is delivered to interested lenders
only. Personal information is not resold to any other third party.
information collected is not an application for credit or a mortgage
loan, nor is it used to pre-qualify you with any Service Provider.
There is no cost to submit a loan request, get matched with lenders and
receive loan offers. You may review the loan offers and talk to the
lenders at no cost. *About Our Advertised Rates. Use this link to find useful data about
My Payment Savvy.
Fixed Interest Rates
- Our advertised fixed interest rates are based on a 15-year
fixed-rate loan with a loan-to-value ratio of less than 80% and are
current as of Nov 14th, 2011. The Annual Percentage Rates (APRs) of the
loans will be slightly higher.
-Loans may carry closing costs and/or origination points. Rate and
terms offered may vary depending on your credit history and other
qualifications, amount of equity in the property, property location,
type of property, and other factors. We arrange but do not make loans.
Adjustable Interest Rates and Advertised Payment Terms
-Our advertised adjustable interest rates are based on a 3/1 ARM
(Adjustable Rate Mortgage) with a 30-year fully amortizing term and are
current as of Nov 17th, 2011.
-For a $200,000 loan, the initial interest rate is 2.60% for 5
years with 1.750 discount points due at closing. $4439 in fees. There
is a 3.14% APR with an initial monthly principal and interest payment
of $816 for the first 5 years. After a period of 5 years, the potential
interest rate is estimated at 3.000% with an estimated monthly payment
-An Adjustable Rate Mortgage (ARM) is a mortgage with an adjustable rate that is amortized over 30 years.
-Your interest rate is fixed for the first 3, 5, or 7 years of the
loan repayment period, depending on the type of ARM you have.
-After the initial fixed-rate period, the interest rate could
adjust every 12 months, depending on the product and the financial
-Interest rate adjustments are capped at 5% above your initial rate
and 2% per adjustment period. In other words, if your initial interest
rate is 4.5%, your rate will never be higher than 9.5%, and never rise
more than 2% per year.
-Actual mortgage payment will vary based on your situation and the current interest rate when you apply.
-Not all consumers will be matched to a lender that is able to supply the advertised rates.
- Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
-The actual interest rate, APR and payment may vary based on the
specific terms of the loan selected, verification of information, your
credit history, the location and type of property, and other factors.
-May not be available in all states.
-Available rates and payment terms are subject to change daily without notice.
-Payment amounts shown do not include taxes or insurance.
-The Annual Percentage Rate (APR) is variable and is subject to
increase or decrease, so your payments may increase or decrease