Amerisave - Best Rates. Lowest Fees. Guaranteed

Amerisave - Best Rates. Lowest Fees. Guaranteed.
http://www.amerisave.com/rateResults.cfm?WebSearchID=6133139
Questions?
866.814.9258
Hours of Operation
40 Year Fixed
Rate 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375% 6.500% 6.625% 6.750% 6.875% 7.000% 7.125%
Payment $1,676 $1,705 $1,733 $1,762 $1,791 $1,820 $1,849 $1,878 $1,908 $1,937 $1,967 $1,997 $2,027 $2,058 $2,088 $2,119
APR 5.622% 5.688% 5.755% 5.834% 5.924% 6.002% 6.088% 6.180% 6.283% 6.386% 6.500% 6.625% 6.750% 6.875% 7.000% 7.125%
All Lender Fees & Points $16,179 $13,572 $11,022 $8,965 $7,403 $5,370 $3,717 $2,306 $1,355 $438 $-920 $-1,978 $-2,664 $-3,201 $-3,322 $-4,256
Closing Costs
View View View View View View View View View View View View View View View View
Loan Details
View View View View View View View View
Loan Amount: Property Value:
$ 336000 $ 642000
California
6 6 6 6 6 6 6 6 6
Purchase, found a home
-- Want to be contacted? --
-- Select rate notification --
I will document my income
Primary Residence View View View View View View View View House / Townhouse Excellent credit Do not waive escrows
You qualify for
$4,815 cash back!
Email/Print Rates
Contact a Loan Advisor
Want lower rates?
You qualify for $4,815 cash back! Use an Amerisave referred realtor and get 25% of the realtors commission back in cash. Click Here to learn more.
30 Year Fixed
Rate 5.000% 5.125% 5.250% 5.375%
Payment $1,804 $1,829 $1,855 $1,882
APR 5.389% 5.463% 5.516% 5.586%
All Lender Fees & Points $14,396 $12,458 $9,813 $7,746
Closing Costs
View View View View
Loan Details
View View View View
Loan advisors are available to answer your questions nights and weekends.
866.814.9258
1 of 8
11/29/2006 5:34 PM
5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375%
$1,908 $1,934 $1,961 $1,988 $2,014 $2,042 $2,069 $2,096
5.656% 5.729% 5.807% 5.890% 6.000% 6.125% 6.250% 6.375%
$5,700 $3,809 $2,088 $526 $-865 $-1,655 $-3,019 $-4,262
Some suggestions from the Mortgage Professor on the five decisions you have to make:
1. Fixed-Rate Mortgage (FRM) or Adjustable Rate Mortgage (ARM)? ARMs have lower payments in the early years than FRMs but expose you to the risk of higher payments in future years. Select an FRM if you can afford the payment, and a) expect to have the mortgage 7 years or longer; or b) have a strong preference for payment stability. Select an ARM if you cannot afford the payment on an FRM, or if you confidently expect to be out of the house within 7 years. If you might be out of your house within 7 years but aren't sure, the decision process is more difficult, 2. Which ARM? If you are selecting an ARM in order to make the payment affordable, try to avoid the riskiest ones with initial rate periods of less than 5 years. If you are selecting an ARM because you expect to pay off the mortgage before the initial rate period is over, leave yourself a margin for error. If you expect to be out in 6 years, for example, take a 7-year rather than a 5-year ARM. The option ARM is for borrowers who want to purchase as much house as possible. It provides the lowest initial payment of any ARM, and also the greatest risk of future payment increases. 3. Which FRM?
Email/Print Rates
Want lower rates?
30 Year Fixed, with Interest Only Payment Option
Rate 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375% 6.500%
Payment $1,470 $1,505 $1,540 $1,575 $1,610 $1,645 $1,680 $1,715 $1,750 $1,785 $1,820
APR 5.550% 5.623% 5.699% 5.797% 5.867% 5.943% 6.048% 6.131% 6.250% 6.375% 6.500%
All Lender Fees & Points $12,439 $10,225 $8,162 $6,236 $4,244 $2,460 $1,914 $234 $-1,026 $-2,286 $-3,546
Closing Costs
View View View View View View View View View View View
Loan Details
Email/Print Rates
Want lower rates?
20 Year Fixed
FRMs vary by term, which is the period used to calculate the mortgage payment. It ranges from 10 years to 40 years. The longer the term, the lower the mortgage payment but the slower you pay down the balance. The professor does not recommend 40-year loans because they carry a penalty rate. If you need a lower payment, take the 30-year with an interest-only option. The 30-year and 15-year FRMs are the most popular by far, and the price of the 15 is always well below that on the 30. The price of the 20 is between that of the 15 and the 30, but it is closer to the 30. The 10 is usually priced a little lower than the 15. The selection process should start with the 15 because it is the best deal around for borrowers who can afford the payment. Most of those who can't afford it opt for the 30 because the payment is substantially lower. The 20-year term is for borrowers who want to pay off as soon as possible but can't quite make the payment on the 15. An interest-only option is not available on 15s, so that is not an option. Some borrowers who can make the payment on a 15 are persuaded to take a 30, or even a 40, in order to invest the difference in cash flow. I don't recommend this because making it pay requires a very high investment return. 4. Take an Interest-Only Option? ARMs and 30-year FRMs offer an interest-only option, where the required payment during an initial period, in most cases 10 years, covers only the interest. At the end of that period, the payment becomes fully amortizing to pay off at term. But you pay for the option in a higher rate or
Rate 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875%
Payment $2,241 $2,264 $2,288 $2,311 $2,335 $2,359 $2,383
APR 5.583% 5.539% 5.603% 5.647% 5.726% 5.789% 5.875%
All Lender Fees & Points $12,481 $7,897 $6,237 $4,014 $2,754 $1,074 $-186
Closing Costs
View View View View View View View
Loan Details
View View View View View View View
2 of 8
11/29/2006 5:34 PM
6.000% 6.125% 6.250% 6.375%
$2,407 $2,432 $2,456 $2,480
6.000% 6.125% 6.250% 6.375%
$-1,866 $-2,706 $-3,966 $-4,806
View View View View
View View View View
points, and making smaller payments in the early years means making larger payments in the later years. Some sensible reasons you might opt to pay for an IO option are listed below. Pay Principal When Convenient: Disciplined borrowers with fluctuating incomes may value the flexibility the IO mortgage gives them. When their finances are tight, they can make the IO payment, and when they are flush they can make a substantial payment to principal. Buy More House: If you are confident your income will rise, you can buy a more expensive house now and avoid transaction and moving costs later. Invest the Cash Flow: Some homeowners may build their wealth more rapidly by investing excess cash flow rather than paying down their mortgage. For this to succeed, their return on investment must exceed the mortgage interest rate, since that rate is what they earn when they repay their mortgage. Allocate Cash Flow to Second Mortgage: If you have a high-rate second mortgage, it pays to use the cash flow saved by taking an IO on the first mortgage to pay down the second more rapidly. Payment Responsive to Principal Reduction: On all IO loans offered by Amerisave, whether fixed or adjustable rate, the monthly mortgage payment will decline in the month following an extra payment. Some borrowers find this feature extremely convenient. For example, a home purchaser who must close before his existing house is sold may want to use the proceeds of the sale, when it occurs, to reduce the payment on the new mortgage. Note: An expectation that you won't have the mortgage very long is not a good reason to select an IO. In that situation, you want a high-rate /rebate mortgage, as indicated below. 5. Which Rate/Point Combination? Points are fees the borrower pays the lender at the time the loan is closed, expressed as a percent of the loan. On a $100,000 loan, 2 points means a payment of $2,000. If points are negative, it is called a "rebate", which the lender pays. Points are traded off against the interest rate. Pay more points and you receive a lower rate. This makes it an investment on which the return is the lower interest payment and faster balance reduction that results from the lower rate. The longer you have the mortgage, the higher the return. If you expect to have the mortgage 4 years or longer, and have the money to pay points, it is a good investment. A rebate paid by a lender on high-rate loans can be used to defray settlement costs. If you expect to pay off the mortgage within 3 years, it is a good option. If you take a rebate because you are cash-short, it becomes extremely expensive if you pay the higher rate for more than 3 years. Note: You may notice that sometimes an adjustable rate mortgage shows only a few rate/point offers on the screen. When that is the case, it is because a better deal is available with a loan that has a longer initial rate adjustment period. For example, a 6% 10-year ARM would not be shown if the price was the same or higher than that on a 6% 30-year fixed-rate mortgage. Similarly, a 5.5% 7-year ARM would not be shown if the price was the same or higher than that on a 5.5% 10-year ARM.
Email/Print Rates
Want lower rates?
15 Year Fixed
Rate 4.625% 4.750% 4.875% 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250%
Payment $2,592 $2,614 $2,635 $2,657 $2,679 $2,701 $2,723 $2,745 $2,768 $2,790 $2,813 $2,835 $2,858 $2,881
APR 5.256% 5.291% 5.323% 5.368% 5.431% 5.500% 5.544% 5.595% 5.664% 5.750% 5.875% 6.000% 6.125% 6.250%
All Lender Fees & Points $13,697 $11,762 $9,736 $8,009 $6,662 $5,420 $3,675 $2,055 $835 $-284 $-1,392 $-2,891 $-3,936 $-4,927
Closing Costs
View View View View View View View View View View View View View View
Loan Details
Email/Print Rates
Want lower rates?
10 Year Fixed
Rate 4.500% 4.625% 4.750% 4.875% 5.000% 5.125% 5.250% 5.375%
Payment $3,482 $3,503 $3,523 $3,543 $3,564 $3,584 $3,605 $3,626
APR 5.309% 5.341% 5.376% 5.415% 5.461% 5.475% 5.495% 5.551%
All Lender Fees & Points $12,323 $10,908 $9,544 $8,240 $7,040 $5,350 $3,740 $2,695
Closing Costs
Loan Details
3 of 8
11/29/2006 5:34 PM
5.500% 5.625% 5.750% 5.875% 6.000% 6.375% 6.500% 6.625% 6.750%
$3,646 $3,667 $3,688 $3,709 $3,730 $3,794 $3,815 $3,837 $3,858
5.590% 5.625% 5.750% 5.875% 6.000% 6.375% 6.500% 6.625% 6.750%
$1,382 $-87 $-1,421 $-2,167 $-3,104 $-4,182 $-5,385 $-6,071 $-6,266
View View View View View View View View View
Email/Print Rates
Want lower rates?
10 Year Fixed, ARM
Rate 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375% 6.500%
Payment $1,804 $1,829 $1,855 $1,882 $1,908 $1,934 $1,961 $1,988 $2,014 $2,042 $2,069 $2,096 $2,124
APR 6.232% 6.271% 6.310% 6.348% 6.390% 6.432% 6.477% 6.521% 6.562% 6.609% 6.657% 6.705% 6.752%
All Lender Fees & Points $11,688 $10,196 $8,711 $7,195 $5,798 $4,417 $3,160 $1,866 $432 $-757 $-1,927 $-3,099 $-4,305
Closing Costs
View View View View View View View View View View View View View
Loan Details
View View View View View View View View View View View View View
Email/Print Rates
Want lower rates?
10 Year Fixed, Interest Only ARM
Rate 5.000% 5.125% 5.250% 5.375%
Payment $1,400 $1,435 $1,470 $1,505
APR 6.310% 6.349% 6.386% 6.427%
All Lender Fees & Points $13,381 $11,852 $10,280 $8,822
Closing Costs
View View View View
Loan Details
View View View View
4 of 8
11/29/2006 5:34 PM
5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375% 6.500%
$1,540 $1,575 $1,610 $1,645 $1,680 $1,715 $1,750 $1,785 $1,820
6.467% 6.511% 6.553% 6.594% 6.631% 6.669% 6.714% 6.760% 6.806%
$7,377 $6,046 $4,672 $3,228 $1,672 $100 $-1,154 $-2,387 $-3,620
Email/Print Rates
Want lower rates?
7 Year Fixed, ARM
Rate 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250%
Payment $1,804 $1,829 $1,855 $1,882 $1,908 $1,934 $1,961 $1,988 $2,014 $2,042 $2,069
APR 6.530% 6.556% 6.584% 6.614% 6.638% 6.668% 6.698% 6.728% 6.759% 6.801% 6.841%
All Lender Fees & Points $9,054 $7,710 $6,483 $5,327 $3,916 $2,761 $1,591 $422 $-727 $-1,486 $-2,279
Closing Costs
Loan Details
Email/Print Rates
Want lower rates?
Rate 5.000% 5.125% 5.250% 5.375% 5.500% 5.625%
Payment $1,400 $1,435 $1,470 $1,505 $1,540 $1,575
APR 6.590% 6.617% 6.639% 6.653% 6.666% 6.680%
All Lender Fees & Points $10,371 $9,101 $7,606 $5,798 $3,987 $2,166
Closing Costs
View View View View View View
Loan Details
5 of 8
11/29/2006 5:34 PM
5.750% 5.875% 6.000% 6.125% 6.250% 6.375%
$1,610 $1,645 $1,680 $1,715 $1,750 $1,785
6.712% 6.745% 6.778% 6.811% 6.852% 6.893%
$1,108 $36 $-1,036 $-2,091 $-2,827 $-3,610
Email/Print Rates
Want lower rates?
5 Year Fixed, Cash Flow ARM
Rate 2.200%
Payment $1,276
APR 8.332%
All Lender Fees & Points $359
Closing Costs
View
Loan Details
View
Email/Print Rates
Want lower rates?
5 Year Fixed, ARM
Rate 4.750% 4.875% 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375%
Payment $1,753 $1,778 $1,804 $1,829 $1,855 $1,882 $1,908 $1,934 $1,961 $1,988 $2,014 $2,042 $2,069 $2,096
APR 6.752% 6.762% 6.778% 6.764% 6.783% 6.803% 6.822% 6.844% 6.867% 6.889% 6.912% 6.942% 6.972% 7.002%
All Lender Fees & Points $9,581 $8,203 $7,044 $4,810 $3,785 $2,751 $1,716 $778 $-156 $-1,083 $-2,007 $-2,676 $-3,341 $-4,000
Closing Costs
Loan Details
Email/Print Rates
Want lower rates?
Rate
Payment
APR
All Lender Fees & Points
Closing Costs
Loan Details
6 of 8
11/29/2006 5:34 PM
4.750% 4.875% 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875% 6.000% 6.125% 6.250% 6.375%
$1,330 $1,365 $1,400 $1,435 $1,470 $1,505 $1,540 $1,575 $1,610 $1,645 $1,680 $1,715 $1,750 $1,785
6.794% 6.804% 6.821% 6.793% 6.817% 6.841% 6.864% 6.887% 6.905% 6.923% 6.941% 6.959% 6.990% 7.022%
$10,596 $9,211 $8,046 $5,237 $4,360 $3,483 $2,593 $1,706 $593 $-515 $-1,611 $-2,706 $-3,287 $-3,872
Email/Print Rates
Want lower rates?
3 Year Fixed, ARM
Rate 4.000% 4.125% 4.250% 4.375% 4.500% 4.625% 4.750% 4.875% 5.000% 5.125% 5.250% 5.375% 5.500% 5.625%
Payment $1,604 $1,628 $1,653 $1,678 $1,702 $1,728 $1,753 $1,778 $1,804 $1,829 $1,855 $1,882 $1,908 $1,934
APR 6.946% 6.957% 6.969% 6.983% 6.998% 7.013% 7.030% 7.017% 7.034% 7.051% 7.068% 7.085% 7.103% 7.113%
All Lender Fees & Points $13,243 $12,202 $11,214 $10,287 $9,363 $8,492 $7,629 $5,754 $4,928 $4,098 $3,268 $2,438 $1,605 $550
Closing Costs
Loan Details
Email/Print Rates
Want lower rates?
7 of 8
11/29/2006 5:34 PM
Rate 4.125% 4.250% 4.375% 4.500% 4.625% 4.750% 4.875% 5.000% 5.125% 5.250% 5.375% 5.500% 5.625% 5.750% 5.875%
Payment $1,155 $1,190 $1,225 $1,260 $1,295 $1,330 $1,365 $1,400 $1,435 $1,470 $1,505 $1,540 $1,575 $1,610 $1,645
APR 6.980% 6.993% 7.007% 7.022% 7.038% 7.055% 7.071% 7.037% 7.055% 7.074% 7.093% 7.111% 7.130% 7.141% 7.154%
All Lender Fees & Points $12,944 $11,957 $11,022 $10,095 $9,222 $8,355 $7,491 $4,800 $3,974 $3,197 $2,421 $1,642 $859 $126 $-559
Closing Costs
View View View View View View View View View View View View View View View
Loan Details
View View View View View View View View View View View View View View View
Email/Print Rates
Want lower rates?
You qualify for $4,815 cash back! Use an Amerisave referred realtor and get 25% of the realtors commission back in cash. Click Here to learn more. Looking for a product not listed here?
* Rates and fees are based on a 30 day lock period. If you need a 45 or 60 day lock period, please contact a loan advisor for more information. * The payments above do not include your monthly escrow payments for home insurance or property taxes. * The closing costs above do not include home insurance, property tax or prepaid interest. * Please see the closing costs detail to see how to calculate your payment and closing costs accurately. * Massachusetts borrowers: Amerisave originates loans but is not a funding lender. Rate locks are guaranteed by the lender, not by Amerisave. * If you have seen a special advertised rate that is not on our website, please call 866.814.9258. Amerisave does offer other loan programs, lock periods and rates. These programs require a custom rate quote from our pricing department. To receive a custom rate quote: (1) start an application under any loan program and rate chosen on this page, (2) call our office to indicate the loan program you desire. The pricing department will review your credit and application to provide you with an accurate price quote. Disclaimer: Until you lock your rate, A.P.R. and terms subject to change. Rates and APRs may vary depending on loan details, such as points, loan amount, loan-to-value, your credit, property type, and occupancy. ARM rates subject to increase during loan term. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z.
Other Services from Amerisave: Marine & RV Loans | Daily Market News | Realtor Referral Program | Learning Center About Us | Employment Opportunities | Customer Login
2003 - 2006 Amerisave Mortgage. All Rights Reserved.
Your visitor ID: 7459623
| Privacy Policy | Security | Licensing | Site Map
8 of 8
11/29/2006 5:34 PM

Amerisave - Best Rates. Lowest Fees. Guaranteed

Caricato da

Informazioni sul documento

Descrizione originale:

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Amerisave - Best Rates. Lowest Fees. Guaranteed

Caricato da

Copyright:

Formati disponibili

Amerisave - Best Rates. Lowest Fees. Guaranteed.

Loan Amount: Property Value:

Purchase, found a home

-- Select rate notification --

I will document my income

You qualify for

$4,815 cash back!

Contact a Loan Advisor

Want lower rates?

Rate 5.000% 5.125% 5.250% 5.375%

Payment $1,804 $1,829 $1,855 $1,882

APR 5.389% 5.463% 5.516% 5.586%

All Lender Fees & Points $14,396 $12,458 $9,813 $7,746