We are a locally owned and run mortgage company, and work primarily in Frisco and Flower Mound TX. Although, we handle business all inside the Texas borders and we close our loans on time for purchasers, and as fast as refinance prospects need it done, typically.
You want to know, “what are mortgage rates like today”? They are low! Ok? Enough “foolery”. Here are some real details and facts.
NOTE: Before I post these rate…by law, for me to post a rate on public media, I have to accompany rate with additional information…this is because there has been so many slick, high pressure sales type people out there that have caused a ruckus in our industry. That being said, I’m just going to list two options, 30yr fixed and 15yr fixed conventional rates. Although, we handle a huge volume of FHA, VA, and USDA loans.
These mortgage rates were derived using good credit scores, 90% or lower loan to value, and a 30 day lock term. Today is Wednesday November 2, 2011!
30yr fixed rate:
- 3.75% INTEREST RATE costing .625% in “points” (APR=3.916)…the APR is not your interest rate, but the annual percentage rate.
- 3.875% INTEREST RATE with a lender “credit” of .25% (APR=4.042)(lender credit means multiply .25% by your loan amount and we give you this much money toward your closing costs at closing)
15yr fixed rate:
- 3.25% INTEREST RATE costing .25% in “points” (APR=3.5)…the APR is not your interest rate, but the annual percentage rate.
- 3.375% INTEREST RATE with a lender credit of .125% in “points” (APR=3.578)…(lender credit means multiply .125% by your loan amount and we give you this much money toward your closing costs at closing)
Our total of lender fees are $1,585. I have nothing to hide, because I do not mass market and my rates and fees are always some of the most competitive around in my experience. Well over 95% of my business in the last 9 years has come by referral. You can search this blog that I write myself, and find that this is the ONLY rate related post I’ve ever made.
Call me if you would like me to prequalify you or present you a refinance offer. Please be aware, I am a personal mortgage banker/broker type loan officer and I do not work leads or cold prospects on a daily basis. That being said, you’ll get my best offer on my first presentation, and if that isn’t good enough, then I won’t be the guy you use. Please keep that in mind, because this makes your life easier, and mine. If you are wondering about my credintials, I have one of the best mortgage testimonial pages around.
Call me at 469-450-2723 or email me at Brad@yourmortgageguyforlife.com
If you would like to fill out an online application that I personally own and comes directly to my personally owned email inbox, you can click on mortgage online application. (you’ll have to give permission to get into that site because it is a secure site that encrypts your personal information)