top_part_of_logo
middle_part_of_logo
bottom_part_of_logo
Market Snapshot
DJIA 10,447.93 up_arrow 127.83
    
    
NASDAQ 2,233.75 up_arrow 33.74
T-BOND 2.71 0.00

Loan View

September 06, 2010 ... Your Detailed Information is in Progress


Please enter a loan amount to continue processing your detailed sample estimate and program notes for the 30 Year Fixed to 417,000 mortgage program.

This sample estimate is not intended to be, nor should it be construed to be, or confused with, a Good Faith Estimate. However, in many cases the loan costs displayed are very similar to those found on a Good Faith Estimate. The purpose of this sample is to give you a rough idea of the costs which may be involved in a transaction. A Good Faith Estimate is provided within three (3) days of submitting a loan application and the required attachments.

Mortgage rates are subject to change without notice. Mortgage rates posted on this web site apply to applicants with a minimum FICO score of 720 and a loan-to-value ratio less than 60%.

Your viewing of a sample estimate of mortgage loan closing costs does not imply this is a closing cost disclosure, nor does it imply the rate and/or costs you see are locked-in or guaranteed.

Please enter a loan amount to view a sample estimate.

Amount:

After you have entered an amount, click the button at the bottom of this electronic form toview the cost estimate.

Your cost estimate will include an escrow cash credit.



The purpose of this credit is to offset, and in some cases, eliminate your non-recurring closing costs. The amount of this credit is dependent upon the mortgage rate you have selected.

In short, higher mortgage rates allow for a larger escrow credit.

The decision to pursue a higher rate and forego costs is a "pay now versus pay later" analysis.

If your escrow credit is sufficient to cover your non-recurring costs, then your loan transaction will have no out-of-pocket (or financed) expenses.

This type of loan program is popular with homeowners who are looking to borrow money with little or no transaction fees, thereby avoiding having to recoup the typical paperwork costs.

The following field is optional. To determine if mortgage insurance may be required, please enter the market value of the home.

Value:     




Rates |  Calculator |  Application |  Amortization |  Contact  
equal_opp_lender Equal Housing Lender. Copyright 2010 Mark Leaver. All rights reserved. Terms and Conditions of Use. Read our privacy statement. CA Department of Real Estate, real estate broker, license 01006840. NMLS ID 278620. Rates appearing on the Loanlane web site are subject to change and are intended for California owner occupied single family residences only. First position liens only. Mortgage rates are subject to change without notice. Mortgage rates posted on this web site apply to applicants with a minimum FICO score of 720 and/or a loan-to-value ratio less than 60%, and require documented income to comply with underwriting requirements. Rate locks are granted only after the receipt of a fully documented loan application. Loans exceeding $729,000 require mortgage payments to be made automatically from a specific checking account. Inquire for details. Stock quotes, if displayed, are delayed 20 minutes. Stock quote data and market index information is provided for information purposes only, and is not intended for trading purposes. Loanlane is not liable for any errors or delays in the content related to stocks, bonds, or market indeces, or for any actions taken in reliance thereon. The information contained herein is believed to be reliable. However, we do not make any representations as to its accuracy or completeness. Any statements nonfactual in nature constitute only current opinions, which are subject to change.