Hoboken Condos | Mortgage Rates | Open Houses

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Need Mortgage rates? From My Mortgage guy....

**Keep in mind that every borrower's situation is different, and each must be evaluated individually.

Rates could be higher, or lower, depending on each individual scenario!!**

REVISED May 20^th, 2011---- 2:00 PM ET
Lock Period = 30 Days

CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)

30 YEAR FIXED ---------------------------- 4.625%/ 4.733 APR

30 YEAR FIXED INTEREST ONLY--- 5.125%/ 5.361% APR

15 YEAR FIXED----------------------------- 3.750%/ 3.821% APR

5 / 1 ARM------------------------------------- 3.125%/ 3.009% APR

7/1 ARM ------------------------------------ 3.500%/ 3.314% APR

*All quotes are with 0 points
*Investment Properties --- ** Add 1.75 points (if 25% down)**
*There is a rate increase for cash-out refinance transactions over 60% Loan to Value, or condominiums over 75% LTV* Includes Hoboken condos.

CONVENTIONAL HIGH BALANCE CONFORMING FIXED RATE LOANS (loans greater than $417,000, but less than $729,500)

30 YEAR FIXED ------------------------- 4.750%/ 4.816% APR

15 YEAR FIXED ------------------------- 4.125%/ 4.241% APR

** Loan amount restrictions based on county and property type. Cash-out refinances over 60% LTV not allowed.

***There is a rate increase for condominiums over 75% LTV***

CONVENTIONAL JUMBO LOANS (Fixed rate programs greater than high-balance conforming, ARM programs greater than $417,000 up to $1,000,000 loan amount)

30 YEAR FIXED--------------------------- 5.000%/ 5.112% APR

30 YEAR FIXED INTEREST ONLY-- 5.250%/ 5.324% APR
15 YEAR FIXED--------------------------- 4.125%/ 4.236% APR
5 / 1 ARM------------------------------------- 3.625%/ 3.395%APR

7/1 ARM -------------------------------------- 4.000%/ 3.646% APR

** All non-conforming loans need to be discussed in detail

** ARM rates on jumbo products could be lower with a 25% down payment or more

** There may be a rate add-on for condominiums and multi-family homes

*** Special Program 15/ 30 ARM -----4.500% / 4.698% APR - 1.00% Points --- Loans up to $1,000,000!!!

Michael Mundy

Senior Vice President, NMLS #208872

Pinnacle Mortgage, Inc.

Toll Free (877) 768-8800 x777

mmundy@pinnaclemortgage.biz

www.mundymortgages.com