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Mortgage Information
APPLICATION
CHECKLIST
o
You can insure the quick processing of your loan by providing the
below information as soon as possible:
o
Copy of the purchase and sales agreement & copies of your more
recent months pay stubs.
o
If self-employed or commissioned, copies of your federal income
tax returns for the past 2 years.
o
Lender names, addresses, account numbers, monthly payments, and
balances for all debt organizations.
o
Copies of last 3 month’s bank and/or brokerage account statements
verifying sufficient cash for down payment, closing costs, and
post-closing liquidity.
o
If condominium, complete copy of condominium documents.
o
Copies of documents relating to your personal financial situation,
such as:
o
__ Sales contract on property being sold
o
__ Income/expense schedules, and leases on investment property.
o
__ Two years tax records for corporations and partnerships, and
current profit and loss statement.
o
__ Landlord letter or 12 month’s cancelled rent checks.
o
__ Gift letter
o
__Divorce decree if obligated for alimony or child support, or if
claiming income from such.
PAYMENT
FACTORS
Principal and Interest Factors per $1000 of
Loan Amount.
TERMS OF MORTGAGE
|
Interest Rate |
30Yr. |
25 Yr. |
20 Yr. |
15 Yr. |
10 Yr. |
|
4.00 |
4.77 |
5.28 |
6.06 |
7.40 |
10.12 |
|
4.25 |
4.92 |
5.42 |
6.19 |
7.52 |
10.24 |
|
4.50 |
5.07 |
5.56 |
6.33 |
7.65 |
10.36 |
|
4.75 |
5.22 |
5.70 |
6.46 |
7.78 |
10.48 |
|
5.00 |
5.37 |
5.85 |
6.60 |
7.91 |
10.61 |
|
5.25 |
5.53 |
6.00 |
6.74 |
8.04 |
10.73 |
|
5.50 |
5.68 |
6.15 |
6.88 |
8.18 |
10.86 |
|
5.75 |
5.84 |
6.30 |
7.03 |
8.31 |
10.98 |
|
6.00 |
6.00 |
6.45 |
7.17 |
8.44 |
11.11 |
|
6.25 |
6.16 |
6.60 |
7.31 |
8.58 |
11.23 |
|
6.50 |
6.33 |
6.76 |
7.46 |
8.72 |
11.36 |
|
6.75 |
6.49 |
6.91 |
7.61 |
8.85 |
11.49 |
|
7.00 |
6.66 |
7.07 |
7.76 |
8.99 |
11.62 |
|
7.25 |
6.83 |
7.23 |
7.91 |
9.13 |
11.75 |
|
7.50 |
7.00 |
7.39 |
8.06 |
9.28 |
11.88 |
|
7.75 |
7.17 |
7.56 |
8.21 |
9.42 |
12.01 |
|
8.00 |
7.34 |
7.72 |
8.37 |
9.56 |
12.14 |
|
8.25 |
7.52 |
7.89 |
8.53 |
9.71 |
12.27 |
|
8.50 |
7.69 |
8.06 |
8.68 |
9.85 |
12.40 |
|
8.75 |
7.87 |
8.23 |
8.84 |
10.00 |
12.54 |
|
9.00 |
8.05 |
8.40 |
9.00 |
10.15 |
12.67 |
|
9.25 |
8.23 |
8.57 |
9.16 |
10.30 |
12.81 |
|
9.50 |
8.41 |
8.74 |
9.33 |
10.45 |
12.94 |
|
9.75 |
8.60 |
8.92 |
9.49 |
10.60 |
13.08 |
|
10.00 |
8.78 |
9.09 |
9.66 |
10.75 |
13.22 |
|
10.125 |
8.87 |
9.18 |
9.73 |
10.82 |
13.28 |
|
10.25 |
8.97 |
9.27 |
9.82 |
10.90 |
13.36 |
|
10.375 |
9.05 |
9.35 |
9.90 |
10.98 |
13.42 |
|
10.50 |
9.15 |
9.45 |
9.99 |
11.06 |
13.50 |
|
10.625 |
9.24 |
9.53 |
10.07 |
11.13 |
13.56 |
|
10.75 |
9.34 |
9.63 |
10.16 |
11.21 |
13.64 |
|
10.875 |
9.43 |
9.71 |
10.24 |
11.29 |
13.70 |
|
11.00 |
9.53 |
9.81 |
10.33 |
11.37 |
13.78 |
|
|
|
|
|
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