Paying Off Credit Cards and Other Debt - 30 Year Fixed Jumbo Debt Consolidation - January 29, 2007
|
Mortgage Loan Summary This loan example is for January 29, 2007. The name of the mortgage borrower is Rose. The mortgage is to pay off debt with a consolidation. Property Summary This property is a single family residence. This piece of real estate is located in Foster City, California. This property type is a primary residence. The Loan Type This borrower's loan term in years is 30. The current credit report indicates that the credit score is 760. The documentation level for this loan will be stated documentation. Today's current mortgage rates The mortgage rate on this mortgage is 6.38%. The APR will be 6.47%. Total consumer debts to be paid off Total Credit cards $10,852. Auto loans $5,868. Student loans owed $664. Other debts that will need to be paid off $124. The total of debts to consolidate $17,508. Mortgage Amount This property is currently worth $411,250. This property has a current loan of $263,200. The new total loan size is $280,708. The loan to value ratio on this property is 68%. Calculated Loan Payment The monthly mortgage on this will be $1,751. If the loan were interest only the monthly payment would be $1,491. An interest only loan payment each month saves this borrower $260. Articles:http://www.archerpacific.com/mortgage%20quick%20tips.html
|
Leave a Reply