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...
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Mortgage Loan Assumptions - |
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Mortgage Position: |
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First mortgage loan |
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Loan Amount: |
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$150,000 to $417,000. 1/8% higher for amounts up to $100,000. 0.25% higher for amounts below $100,000 |
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Lock Period: |
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Up to 60 days |
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Loan-to-Value Ratio: |
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80% or less (loan amount divided by property value or purchase price) |
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State: |
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Florida. Even though rates may be the same for other states, APR could be different due to higher or lower closing costs |
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Property Type: |
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1 unit properties. Primary residences or vacation homes |
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Loan Use: |
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Purchase a home or refinance your mortgage using the current balance. |
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Income Documentation: |
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You are willing to document your sources of income |
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Prepayment Penalty: |
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None |
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Escrows: |
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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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