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We will from time to time publish our
interest rates. The rates will be quoted assuming certain facts. For
the purposes of disclosure, we will assume a $100,000 First
Mortgage, amortized over a period of 360 months with no less than an
80% Loan To Value. We will quote the INTEREST RATE which will be the
Note rate charged. This is the interest rate that will determine the
amount of your monthly payment. We will also state the EFFECTIVE
ANNUAL PERCENTAGE RATE in the form of an interest rate. This
compilation is required by Federal Laws. The interest rates that are
quoted can be locked with the particular lender. This means that the
interest rate locked will be honored by the lender as long as
several events should occur, including closing the transaction by a
particular date in time. Rate locks are terribly important as you
are generally NOT able to change it later without some type of
additional cost.
Check out
our Price Calculator. Click on "Price Calculator" link on the
left of this page.
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