Mortgages

Mortgages

Now more than ever Homebuyers review and have an emphasis on “What is your Rate?” however, interest rates do not tell the entire loan story. The interest rate is part of your loan cost; various charges that make up closing costs are often a way to buy down the rate. Consumers need to be aware that when you "pay" to buy the rate down there can be additional costs associated to lower the rate. At CF we do not have hidden fees to disclose a low rate. It is hard to compete against rate if you review online comparisons. We ask that you are aware that there are various loan terms. Get in touch with us directly so you can review all details involved before making a decision. At CF we offer zero point rates with no hidden costs.

30 Year Fixed Rate Mortgage

Term	Rate	APR	Points
30 Year	4.875%	4.920%	0
30 Year	4.625%	4.756%	1

Example: A loan amount of $120,000 at 4.875% for 360 months would have a monthly payment of $635.05.

*APR is Annual Percentage Rate. Rates are as of 11/19/2009 are subject to change.

20 Year Fixed Rate Mortgage

Term	Rate	APR	Points
20 Year	4.875%	4.889%	0
20 Year	4.625%	4.759%	1

Example: A loan amount of $120,000 at 4.875% for 240 months would have a monthly payment of $783.68.

*APR is Annual Percentage Rate. Rates are as of 11/19/09 and are subject to change.

15 Year Fixed Rate Mortgage

Term	Rate	APR	Points
15 Year	4.375%	4.449%	0
15 Year	NA%	NA%	1

Example: A loan amount of $120,000 at 4.375% for 180 months would have a monthly payment of $910.34.

*APR is Annual Percentage Rate. Rates are as of 11/19/09 and are subject to change.

10 Year Fixed Rate Mortgage

Term	Rate	APR	Points
10 year	4.375	4.404	0

Example: A loan amount of $120,000 at 4.375% for 120 months would have a monthly payment of $1,236.44.

*APR is Annual Percentage Rate. Rates are as of 11/19/09 and are subject to change.

1/1 Adjustable Rate Mortgage

Type	Term	Rate	APR	Points
1 Year	1/1	6.750%	4.617%	0
1 Year	1/1	6.250%	4.630%	1

Example: A loan amount of $100,000 at 5.500% for 360 months would have a monthly payment of $567.79.

*APR is Annual Percentage Rate. Payments and interest rate can increase or decrease over the life of the loan after 1 year. Rates are as of 11/19/2009 and are subject to change.

3/1 Adjustable Rate Mortgage

Type	Term	Rate	APR	Points
3/1 Year	3/1	6.500%	4.369%	0
3/1 Year	3/1	6.000%	4.568%	1

Example: A loan amount of $100,000 at 6.500% for 360 months would have a monthly payment of $632.07.

*APR is Annual Percentage Rate. Payments and interest rate can increase or decrease over the life of the loan after 3 years. Rates are as of 11/19/09 and are subject to change.

5/1 Adjustable Rate Mortgage

Type	Term	Rate	APR	Points
5/1 Year	5/1	5.875%	4.406%	0
5/1 Year	5/1	5.375%	4.277%	1

Example: A loan amount of $100,000 at 5.875% for 360 months would have a monthly payment of $591.54.

*APR is Annual Percentage Rate. Payments and interest rate can increase or decrease over the life of the loan after 5 years. Rates are as of 11/19/09 and are subject to change.