We Beat the Banks! Dare to Compare Mortgage Rates for 2/8/2012

by TheMortgageReel Team on September 1, 2010

in Current Home Owners, Future Home Owners, Today's Mortgage News

Compare Our Mortgage Rates vs. Big Banks – Follow the daily news update, for current rate trends!  The recent drop in mortgage rates has sparked refinance interest. Do you know what SAVING options you have? Do you need to secure your rate and are unsure what to do? Ask NOW!

Continue to follow the mortgage rate watch and “LIKE” us on the Facebook fan page!!

If you are looking to secure a mortgage rate, we have the option to secure your rate now and offer a rate float down if mortgage rates drop.  Contact us for more details!  Fannie Mae, Freddie Mac options are available on investment homes too.

Conventional Home Loan Scenarios:  30 Year Fixed

<p>
Lender Rate % Points APR %
Seattle Pacific Mortgage 3.750 0.750 3.869
Bank of America 4.250 0.875 4.355
Chase Bank 3.750 1.375 3.904
Boeing Employees C.U. 3.875 1.250 4.013

Jumbo Home Loan Scenarios:

<p>
Loan Amount $1M Rate % Points APR %
30 yr Fixed 4.250 1.250 4.446
7yr Arm 3.750 1.000 3.515
5yr Arm 3.375 1.000 3.308

We offer:   GUARANTEED CLOSING COSTS & NO APPLICATION FEE & MOST IMPORTANTLY, CLOSE ON TIME!!

Retail banks are currently quoting 60-90 days to close a refinance or purchase transaction.  You do not need to wait that long to start saving money today!

Any further questions please contact us!

*Conventional scenario is based on purchase price of $400,000 with 20% down (lender credit maybe an option based on scenario)

**Further conventional qualifying details click here.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home LoanLike us when you visit and post any comments or suggestions.  We want your feedback.


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Brad Yzermans December 28, 2010 at 11:07 pm

I love the level of transparency you offer to your readers and clients. Awesome site! I’ll be referring anyone I know run into moving to Washington….which seems to happen often with SO Cal people. Well done.

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