Refinance Rates at 2.62%

Important Notice: MortgageRateCutter.com is not a mortgage assistance relief service or mortgage lender, and does not do refinances. MortgageRateCutter.com matches consumers with companies that may offer mortgage loans and foreclosure prevention services. The information provided by you to MortgageRateCutter.com is not an application for a mortgage loan nor it is used to pre-qualify you with any lender. By submitting this contact request, you are consenting to be contacted by mortgage lenders either by telephone or email, even if you have previously listed yourself on any state or federal Do-Not-Call List. Please note that you may be matched with additional service providers or business offering ancillary services in addition to mortgage loans.

*The example loan rate of 2.625 % for a 30-year $200,000 3-year Adjustable-Rate Mortgage (ARM) for purchase and refinance loans is generally based on the following criteria: a borrower with good to excellent credit and average income seeking a loan for a single family, owner occupied one unit dwelling with 30% down payment (or 70% loan to value ratio). The monthly payment on this example loan is $803 plus monthly taxes and insurance of $150 with $4515.00 (3.123% APR) due in fees at closing. After 3 years, the interest rate and payment will adjust every year. The potential interest on the example loan after 3 years could be about 3.50% based on an ARM index of 1.184% (LIBOR index) and an ARM margin of 2.25%. The corresponding monthly payment at 3.50% would be $1050, not including real estate taxes or homeowners insurance. The Annual Percentage Rate (APR) is 3.151%. Rate and APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. The rates and terms you are offered are the responsibility of the lender and will vary based upon your loan request as determined by the lenders to whom you are matched. There is a possibility that you may not be matched with the lender making this example offer. Not available in all states. Advertised rates are subject to change. This example rate was last updated on April, 6th, 2011 and includes $4151.00 in fees. Important Facts about Adjustable Rate Mortgage Loans. Whether you are buying a house or refinancing your mortgage, this information can help you decide if an ARM is right for you. ARMs can be complicated. If you do not understand how they work, you should not sign any loan contracts, and you might want to consider other loans. With an ARM, the interest rate on your loan is not fixed. Instead, it changes over time according to a formula - typically, a base interest rate (index) plus a certain percent (margin) (for example, Libor plus 3 percent). So, if the base interest rate increases, your interest rate and monthly payment will also increase. Please see the lenders' websites for the specific disclosures related to loans offered by our lenders.

If you are contacted by Service Provider(s), advertising within our or our partner network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. MortgageRateCutter.com does not guarantee that the rates or terms offered and made available by participating Service Providers are the lowest rates available in the market or the best terms available; not all Service Providers in our network offer the products that we advertise. Completing our forms does not obligate you to purchase a service or product from the providers, nor does it obligate a provider to offer to you any particular service about which you may have inquired.