Saturday, August 6, 2011

Refinance Mortgages Rates in Louisville Kentucky



Today's Mortgage Rates



Loans up to $417,000 Rate         APR


30 Year Fixed           3.750           4.028


15 Year Fixed           3.250           3.366




FHA     Rates            Rate            APR


30 Year Fixed          3.750           4.342


15 Year Fixed          3.500           3.900






Rate Details as of 08/06/2011








Conventional, conforming, 30-yr fixed


Advertised rate assumes: 30-year, fixed-rate, 1st lien, rate and term refinance mortgage on an owner-occupied, single-family residence; loan amount of $220,000; loan-to-value ratio of 75%; credit score of 721; DTI of less than 45%; and monthly escrowing of taxes & insurance. For example, as of 8/5/11, a $220,000 loan amount financed at 4.250% (4.373% APR), with a 1.025 point discount and 25% down payment, would result in 360 monthly principal and interest payments of $ 1,082.27.



Conventional, conforming, 15-yr fixed

Advertised rate assumes: 15-year, fixed-rate, 1st lien, rate and term refinance mortgage on an owner-occupied, single-family residence; loan amount of $165,000; loan-to-value ratio of 65%; credit score of 700; DTI of less than 45%; and monthly escrowing of taxes & insurance. For example, as of 8/5/11, a $165,000 loan amount financed at 3.625% (3.876% APR), with a 1.150 point discount and 35% down payment, would result in 180 monthly principal and interest payments of $ 1,189.72.



FHA, 30-yr fixed

Advertised rate assumes: 30-year, fixed-rate, 1st lien, purchase money mortgage on an owner-occupied, single-family residence; loan amount of $180,000; loan-to-value ratio of 95%; DTI of less than 45%; credit score of 675; and monthly escrowing of taxes & insurance. For example, as of 8/5/11, a $180,000 loan amount financed at 4.125% (5.194% APR), with a 3.825 point discount and 5% down payment, would result in 360 monthly principal and interest payments of $ 881.09. FHA loans require a one-time up-front mortgage insurance premium as well as monthly mortgage insurance premiums.



Jumbo, 30-yr fixed

Advertised rate assumes: 30-year, fixed-rate, 1st lien, purchase money mortgage on an owner-occupied, single-family residence; loan amount of $705,000 loan-to-value ratio of 75% credit score of 720 DTI. For example, as of 8/5/11, a $705,00 loan amount financed at 4.375% (4.506% APR), with a 1.400 point discount and 25% down payment, would result in 360 monthly principal and interest payments of $ 3,519.97. Jumbo rates available on loan amounts from $417,001 up to $1,000,000 on owner-occupied, single-family residential proper
Subject to underwriting approval. Application required; not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Fees & charges apply and may vary by product and State. Terms, conditions & restrictions apply. Taxes & insurance extra. Recent rate shown for closed or committed loans, but rates, loan products & fees subject to change without notice. Your rate and term may vary. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Consolidating or refinancing debts may increase the total finance charges you pay over the life of the loan and/or the time needed to repay the loan. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details


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