Disclaimer:
1. Mortgage Interest Rates change daily.
2. Some restrictions may apply.
3. Availability of offered products & services vary from state to state.
4. Borrowers credit score and situation determines the actual payments.
5. Ampak Real Estate and Loans is not a lender.
Assumptions:
A) Rates are based for primary residence of the borrower and for purchase and refinance without any cash out.
B) Closing costs are not included, it is assumed that they are paid in advance by the borrower and the property in question is a single family home, credit score is more than 720 and the debt to income ratio is not over 30%.
C) The lock rate period of the loan is 30 days.
D) Loan to value (LTV) is less than 80%, PMI will apply if LTV is more than 80% (Certain exceptions may apply).
Upon receipt of all information from the borrower the interest rate may change if borrower's qualifications are different than the example program requirements. AMPAK may offer different loan packages according to the information provided by the borrower.
30 Year Fixed Interest Mortgage Rate:
The Annual Percentage Rate (APR) is calculated on the basis that the loan amount is $200,000.00 (less than 80% LTV) and closing costs are paid by borrower and not from loan proceeds. Insurance premiums, taxes, and escrow impound accounts are not included, such charges will effect actual credit costs. Higher loan to value loans, larger or smaller loan amounts will affect the interest rate and the APR as will purchase of points to lower interest rates. Some restrictions may apply from state to state.
15 Year Fixed Interest Mortgage Rate:
The Annual Percentage Rate (APR) is calculated on the basis that the loan amount is $200,000.00 (less than 80% LTV) and closing costs are paid by borrower and not from loan proceeds. Insurance premiums, taxes, and escrow impound accounts are not included, such charges will effect actual credit costs. Higher loan to value loans, larger or smaller loan amounts will affect the interest rate and the APR as will purchase of points to lower interest rates. Some restrictions may apply from state to state.
Please call 510-516-9773 and let our professional team give your situation the range of loans available to you and inform you on how each loan program can help you accomplishment your goals in home ownership.