Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance Wholesale Mortgage Rates

Mortgage Loan Background

The loan example takes place on January 25, 2007.

The mortgage applicant's name is Phillip.

The borrower wants to get lower Wholesale Mortgage Rates with lower mortgage payment on the property.

Property Example

The property would be considered a single family residence.

The property is located in Boston, Massachusetts.

This property is a primary residence.

The Loan Type

The loan has a length in years of 30.

The current credit report indicates that the credit score is 750.

The level of documentation for this loan will be stated documentation.

Today's current mortgage loan rates

The example interest rate on the new loan will be 6.38%.

The current annual percentage rate will be 6.47%.

The Loan Size

The current property is worth $391,250.

The current loan on this property is a $250,400.

The total amount of cash received is approximately $62,600.

The total new loan size is $313,000.

The loan to value ratio is 80%.

Calculated Mortgage Payment

The monthly mortgage payment on this is $1,953.

An interest only monthly payment would be $1,663.

In this example the interest only loan payment each month saves the borrower $290. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

The loan example is for January 25, 2007.

The loan borrower's name is Douglas.

This borrower wants to consolidate and pay off outstanding debt.

Example Property

The property would be considered a single family residence.

The mortgage will take place in Scotts Valley, California.

This property would be described as a primary residence.

The Mortgage Type

The length of the loan in years is 30.

The credit report indicates that the credit middle score is 755.

This loan will have stated documentation.

Today's loan rates

The example mortgage rate on the new loan will be 6.38%.

The mortgage's annual percentage rate will be 6.47%.

Total current consumer debts

Total Credit cards $7,904.

Current car loan $3,524.

Student loans $813.

Additional debt to be paid off $123.

Total debts that need to be paid off $12,364.

The Loan Size

The current property is appraised at $423,750.

The current mortgage loan on the property is a $271,200.

The new total loan will be for $283,564.

The loan to value ratio on this property is 67%.

Monthly Loan Payment

The new mortgage payment each month is $1,769.

An interest only monthly loan payment would be $1,506.

This is less than a regular monthly payment by $263.

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

The loan example takes place on January 24, 2007.

The name of the borrower is Albert.

This borrower wants to consolidate consumer debt.

Example Property Background

This real estate would be considered a single family residence.

This mortgage will take place in Rolling Hills, California.

This property type is a rental property.

Loan Background

The length of the loan in years is 40.

The most current credit middle score is 745.

The documentation level for this loan will be stated documentation.

Today's mortgage rates

The mortgage rate for this mortgage is 6.38%.

The mortgage's annual percentage rate will be 6.46%.

Total consumer debts to be paid off

Total credit card debt $1,005.

Car loans $6,663.

Current total student loan $446.

Additional debt to be paid off $115.

The total of debts to consolidate $8,229.

Loan Amount

The property would be considered worth around $418,750.

The property has a current mortgage of $268,000.

The new total loan size will be $276,229.

The loan to property value ratio is 66%.

Calculated Mortgage Payment

The monthly mortgage payment on this is $1,593.

An interest only monthly mortgage payment would be $1,467.

An interest only mortgage payment each month saves the borrower $125.

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Low-Rate Mortgage & Home Mortgage Basic Profile

The loan example is for January 24, 2007.

The loan borrower's name is Fred.

This mortgage is to do a refinance.

Property

This property would be considered a single family residence.

The property is in Dickinson, North Dakota.

This property would be labeled a primary residence.

Mortgage Background

The length of the loan in years will be 30.

The current credit middle score is 730.

This loan will have stated documentation.

Today's current rates

The interest rate on this mortgage is 6.00%.

The annual percentage rate (APR) will be 6.09%.

Mortgage Amount

The property would be considered worth approximately $413,750.

The property has a current mortgage of $264,800.

The cash out from this refinance is approximately $66,200.

The new mortgage will be for $331,000.

The loan to property value ratio on the property is 80%.

The Monthly Mortgage Payment

The monthly payment is $1,985.

If the loan were interest only the monthly payment would be $1,655.

An interest only mortgage payment each month saves this borrower $330. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Basics

The loan example date is January 23, 2007.

The name of the borrower is Philip.

This borrower's goal is to do a refinance.

Property Summary

This property would be labeled a single family residence.

This real estate is located in Santa Anna, California.

This property would be labeled a primary residence.

Mortgage Background

This loan has a length in years of 30.

The borrower has a current credit score of 735.

This loan will have full documentation.

Today's mortgage rates

The interest rate on this mortgage is 6.00%.

The APR is calculated to be 6.09%.

The Mortgage Size

This real estate is currently appraised at around $383,750.

The property has a current mortgage of $245,600.

The borrower will cash out around $61,400.

The new loan will be for $307,000.

The loan to value ratio on this property is 80%.

Calculated Mortgage Payment

Every month the mortgage payment is $1,841.

An interest only monthly mortgage payment would be $1,535.

In this example the interest only payment is lower than the regular payment by $306. 

Articles:

http://www.archerpacific.com/mortgage%20quick%20tips.html

Low-Rate Mortgage & Home Equity Loans
LendingTree Mortgage Refinance Loan

Mortgage Purchase or Refinance

Mortgage Profile

This mortgage example takes place on January 23, 2007.

The mortgage applicant's name is Brandon.

The borrower wants to get a consolidate outstanding consumer debts.

Property Profile

This real estate would be considered a condominium.

This piece of real estate is in Oceanside, California.

This property type is a primary residence.

Mortgage Background

The loan has a length in years of 30.

The middle credit score on the credit report is 750.

The level of documentation for this loan will be stated documentation.

Current loan rates

The mortgage rate for this mortgage is 7.25%.

The APR is 7.35%.

Current total current consumer debts

Outstanding current credit card debt $15,025.

Auto loans $1,181.

Total current student loans $887.

Other debts to pay off $126.

Total consumer debt to pay off $17,219.

The Loan Amount

The appraisal value of the property is $416,250.

The current loan on the property is a $266,400.

The new mortgage loan will be for $283,619.

The loan to value ratio on the property is 68%.

Calculated Monthly Payment

The payment each month is $1,935.

An interest only monthly payment would be $1,714.

This is lower than a regular monthly payment by $221.