Current Rates
Posted on March 29, 2012
| Terms |
Their Rate |
My Rate |
|
Variable
|
2.85%
|
2.48%
|
|
Fully Open
|
4.00%
|
3.25%
|
|
1 Year
|
3.60%
|
2.64%
|
|
3 Year
|
4.25%
|
3.19%
|
|
5 Year
|
5.39%
|
3.39%
|
|
7 Year
|
6.29%
|
4.39%
|
|
10 Year
|
6.65%
|
4.69%
|
Rates are subject to change without notice.
Mortgage Insurance
June 28, 2011 | Posted by Elizabeth Blair
As a first time homebuyer, you may have heard that you may have to pay a mortgage insurance premium.
This mortgage insurance will be required if your down payment is LESS than 20%. Remember that lenders do reserve the right to insure your mortgage even if your down payment is greater than 20% and this decision is often based on the risk associated with the financing. Read more »
What is a Mortgage Bridge Loan?
May 19, 2011 | Posted by Elizabeth Blair
Sometimes when you buy a home, the closing date for the home you are selling does not match the closing date of the house you are buying. Some of the typical reasons for a difference in closing dates might be: you want to get some renovations completed on the home being purchased before moving into it or perhaps you could not get the seller to give you the closing date that you really wanted. So if the closing date of the home you are buying is before the closing date of the home you have sold, you will need a bridge loan. Read more »
