Refinance Mortgage - 40 Year Mortgage (Bad Credit) Refinance - February 7, 2007
|
Getsmart - This firm offers you quotes for a . It is a service of Lending Tree. You should be able to learn more about your loan options.
Mortgage Example This loan example date is for February 7, 2007. The mortgage borrower's name is Ruth. The borrower wants to get a refinance mortgage. Property The real estate is a single family residence. This real estate is in Lubbock, Texas. The property type is a primary residence. Loan Type This loan has a length in years of 40. The borrower's credit middle score is 760. The loan documentation level for this mortgage will be stated documentation. Today's current mortgage rates The mortgage rate on this mortgage is 6.63%. The annual percentage rate will be 6.71%. Loan Size The appraisal value of the property is $417,500. The property has a current mortgage of $267,200. The amount of cash received is around $66,800. The new total loan size is $334,000. The loan to property value ratio on this property is 80%. The Monthly Mortgage Payment Each month the mortgage payment is $1,985. An interest only monthly mortgage payment would be $1,844. In this example this is smaller than a regular monthly payment by $141. Articles: http://www.archerpacific.com/mortgage%20quick%20tips.html
|
Leave a Reply