Assumptions
The rates listed on the home page represent some of the rates currently
available on our site, based on the typical scenarios described below.
The actual rates available to you will vary based on a number of factors.
Please note that these rates are only available to qualified applicants. Other
programs are available at higher rates such as no income, no asset
verification, 0% money down programs, loan amounts from $20,000 to $50,000,000,
investment properties, debt consolidation loans, slow credit, construction
loans, etc...
| Mortgage loan assumptions |
| |
|
|
|
| Mortgage position: |
|
First mortgage loan |
| Loan amount: |
|
$150,000 to $417,000 |
| Lock period: |
|
up to 60 days |
| Points: 30 year fixed: |
|
3.000 points |
| Points: 15 year fixed: |
|
2.500 points |
| Points: 5 year ARM: |
|
2.000 points |
| Loan-to-value ratio: |
|
80% or less (loan amount divided by property value or purchase
price) |
| State: |
|
Massachusetts and New Hampshire. Even though rates may be the
same for other states, APR could be different due to higher or lower closing
costs |
| Property type: |
|
1-4 units. Primary residences or vacation homes |
| Loan use: |
|
Purchase a home or refinance your mortgage using the current
balance. |
| Income documentation: |
|
You are willing to document your sources of income |
| Prepayment penalty: |
|
None |
| Escrows: |
|
You are willing to escrow for taxes and/or insurance. 0.25 point extra applies to waive this
requirement. Request granted solely at BMC's discretion. |
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