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30 Year Conventional
7.99 0 8.055
5.99 2.75 6.312
15 Year Conventional
5.375 0 5.47
4.99 2.75 5.514
August 20, 2008
assumptions
$
 $
 $
Principle + Interest = Monthly Mortgage Payment
$
Taxes + Insurance = Monthly Tax & Insurance
$
P&I + T&I = PITI or
Total Monthly Mortgage Payment
$
$
 $
 $
Principle + Interest = Monthly Mortgage Payment
$
Taxes + Insurance = Monthly Tax & Insurance
$
P&I + T&I = PITI or
Total Monthly Mortgage Payment
$
assumptions
   

Financing Your Home
Why are single-family and 2 - 4 family homes such attractive investments?
You pay much less per month to own your own home than you'd pay to rent comparable space. And if you sublet your home, most banks will take 75% of your rental income and add that figure to your monthly earnings...giving you the headroom to look at more expensive properties and qualify for a larger loan amount. Your rental income will cut your monthly mortgage costs and, in some cases, could cover them completely!

If you're a first-time homebuyer, you may qualify to put as little as 3% down-while your closing costs can be furnished by family or friends in the form of a gift. With BankersHomeLoan.com on your side, you'll be able to get a low rate and competitive closing costs, in less time and with less effort.

Purchase Loans
Buying a new home? Is it your first home or your fifth home? Which ever the case, you want the best rates possible when financing your purchase. BankersHomeLoan.com represents many lenders and can help you find the best rate and the proper loan program for your new home. We do our best to make the loan application process simple and direct so there are no hassles. Before searching for a new house, it is good to know what size mortgage you qualify for, so please use our Qualification Calculator. BankersHomeLoan.com offers a variety of loan programs to satisfy borrowers. Please inquire about the No Income Verification (NIV), No DOC, No points, and low down payment programs. Our loan officers will be happy to answer any questions.

 

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