Your Town Mortgage- Products

YOUR TOWN MORTGAGE

Your partner in Real Estate

Home

Loan Center

Products

About Us

FAQ

Resources

Friday, July 30, 2010

30 Year Fixed:

4.375% - No Points

Annual Percentage Rate 4.547%

15 Year Fixed:

3.875% - No Points

Annual Percentage Rate 4.173%

See our products page above for today's rates!

Note: Posted rate assumptions;

Single family owner occupied purchase of $225,000 dollars.

20% down payment of $45,000.00 dollars.

30 day rate lock

740 credit score

$180,000.00 dollar minimum loan

Taxes & insurance are escrowed

Extended rate locks available up to 180 days.

Rates subject to change by 4 PM daily.

Thinking of Purchasing or Refinancing?

Here's how to get ready;

Submit your application online.

We will email our Authorization form to pull credit.

Fax or email your most recent W2, pay stub or 2 years federal tax returns if self-employed.

We will verify your income, assets and credit scores then submit your application to Fannie Mae's Automated Underwriting System for results.

In seconds we'll have an answer for you!

It's that easy!

New changes are in effect for credit scores, cash out and loan to value's on new Purchases and Refinance for 1-4 unit properties.

Call to find out how these new changes affect you.

Rates	Points	APR
Your Town Mortgage offers a variety of Residential and Commercial loan programs to meet your needs. We work with the leading lenders in the industry through their wholesale divisions to provide lower cost mortgages. Paying points will reduce your interest rate when you lock a rate. The monthly savings must be DIVIDED into the cost of the points versus the time you plan on staying in your home. When your looking for lower rates or lower costs always, "Read the fine print disclosures" and check for today's date! We don't charge Application, Document Preparation or Credit Report fees. All of our Conforming/Jumbo mortgage rates quoted are 0 Points and with Points. Lower rates are available each day if you wish to pay higher points. Compare the competition at the bottom of this page!

30 Year Fixed
20 Year Fixed
15 Year Fixed
10 Year Fixed
New temporary 30 Year Fixed Conforming Jumbo
New temporary 15 Year Fixed Conforming Jumbo
No points-No Closing Costs
Adjustable rate mortgage programs
Rates last updated on Friday, July 30, 2010
30 Year Fixed For Purchase loans Posted rates assume a 20% down payment of $45,000 dollars on an owner occupied single family purchase of $225,000 dollars. Minimum loan amount of $180,000.00 dollars. Middle credit score of 740. Mortgage insurance is required over 80% Loan to Value. For Refinance loans Posted rates assume a rate and term refinance, no cash out over 60% Loan to Value, 740 middle credit score and 30 day rate lock for owner occupied single family. New cash out fees apply over 60% LTV. Call for more details! A "Limited Cash Out", refinance allows for changes to rate and term which can include closing costs and pre-paid items. Limited cash back amounts apply. New cash out fees apply based on credit scores. Call for more details! Call or email for details about our Lower Rates for cash out on Owner and Non-Owner occupied properties! Term: 30 years Maximum Amount: $417,000
4.125%	1.25%	4.403%
4.375%	0%	4.547%

20 Year Fixed Owner occupied single family purchase or refinance. Term: 20 years Maximum Amount: $417,000
Rates	Points	APR
4.25%	0%	4.486%

15 Year Fixed Owner occupied single family purchase or refinance. Term: 15 years Maximum Amount: $417,000
Rates	Points	APR
3.625%	2%	4.226%
3.875%	0%	4.173%

10 Year Fixed Owner occupied single family purchase or refinance. Term: 10 years Maximum Amount: $417,000
Rates	Points	APR
3.75%	0%	4.18%

New temporary 30 Year Fixed Conforming Jumbo New temporary loan amounts greater than $417,000 dollars. Owner/non-owner/condo and 2-4 unit purchase or refinance. Minimum credit score 720 over 80% LTV / Full Document only. No second mortgages over 80 LTV. 2-4 unit financing available. Term: 30 years Maximum Amount: $729,750
Rates	Points	APR
4.375%	1%	4.547%
4.625%	0%	4.712%

Primary Residence Transactions: 2 months PITI reserves. Reserves are exclusive of closing costs and cash-out received. The maximum cash out permitted is $100,000. Second Home/Non-Owner; 6 months PITI cash reserves each property.

New temporary 15 Year Fixed Conforming Jumbo Temporary loan amounts greater than $417,000 dollars. Owner occupied Single family or Condo purchase and refinance. Minimum credit score of 720 over 80% LTV / Full Document only. No subordinate financing 2-4 unit financing available. Term: 15 years Maximum Amount: $729,750
Rates	Points	APR
3.875%	2%	4.326%
4.25%	0%	4.4%

No points-No Closing Costs The closing costs involved in your Purchase or Refinance are paid for by increasing the interest rate or paying points.The closing costs are credited back to you at your closing. The time you expect to live in the home will determine if this program is right for you. Your Town Mortgage will help you decide what choices are best for your personal circumstances! Term: 30 years Maximum Amount: $417,000

Adjustable rate mortgage programs Call for daily pricing!

*Compare the competition below~Read the fine print for (total points);** * https://www.wellsfargo.com/mortgage/rates http://stonesav.mortgagewebcenter.com/CheckRates/GreatRates.asp?PID=23 http://firsteastern.mortgagewebcenter.com http://www.merrimack-valley-fcu.org/rates/mortgage_rates.asp

Call Dennis 7 days a week at;

P. 978-258-3791

Get Pre-Qualified on your new purchase!

Or Apply online!

We work with lenders through their wholesale divisions. Their Processing and Underwriting staff are eager to close your loan on time. I work closely with my clients and the lenders staff to provide you with personal service. You are not just a loan number to me. I will do my best to get your purchase or refinance closed on time! Call or email me so we can discuss what works for you!

Dennis C.

How much is your home worth today?

Click this link below for an estimate!

http://www.eppraisal.com/home-values/massachusetts.mvc