AmeriFund’s Lucky-7 – 7 year fixed-ARM

It’s your lucky day! AmeriFund’s Lucky-7 loan program is fixed at a rate lower than current 30-year loans, then adjusts to one-year or six-month ARM, with a variable rate after that initial fixed period of seven years. Why would a borrower opt for the Lucky-7 in...

Payment and Cost Calculator

Closing Costs, Payment and Cash-to-Close Buyer’s closing costs and cash required at closing for any buyer or borrower is computed based on the buyer’s or borrower’s transaction characteristics. The buyer’s closing costs, including mortgage...

Mortgage Rate Comparison

Mortgage Rate Comparison Date: June 29, 2016 – Source: Company Website Costs is all lender fees, including points and all administrative and underwriting fees (prepaid finance charges). Points represents the percentage equivalent of all lender fees (prepaid...

Current Texas Mortgage Rates Updated Daily

Conforming 30 yr fixed-rate RateAPRPointsLender Credit 4.000%3.270%1.6250.000 4.250%3.350%0.2500.000 4.500%3.420%0.0001.000` 4.625%3.480%0.0001.625 Conforming 20 yr fixed-rate RatePointsLender Credit 3.875%3.270%1.3750.000 4.125%3.350%0.0000.125 4.375%3.420%0.0001.375...

Miscalculation of APR and Amount Financed

Mortgage industry miscalculation of APR and Amount Financed Synopsis: Annual Percentage Rate and APR are miscalculated in key disclosures by the majority mortgage lenders. The mortgage industry has undergone a great deal of change over the past decade. The industry...

How much can you save by refinancing?

A refinance can save you thousands of dollars. You might be surprised as to just how much you can save by refinancing with a minor reduction in your interest rate. You might have heard that you have to improve your rate by at least 2 percentage points to make a...