Whether you are a first time homebuyer, buying a new home or want to refinance, RAH can help with its low mortgage rates.
Interests rates are still very low. If you borrow $300,000.00 for a home purchase at today’s interest rate of 3.75% for 30 years, your principal and interest payment would be $1,389.00 per month. This scenario assumes a loan to value of 80 percent and a good credit score. It’s hard to find rentals for less.
You may want to consider refinancing in order to:
- switch from an adjustable rate loan to a fixed rate;
- reduce your interest rate and monthly payments; or
- build equity faster by shortening the term of your loan to 15 or 20 years.
Go to our website,
and click on "Mortgage Click®" for easy online application 24 hours/day, 7 days/week. This site includes:
- a loan decision in under 10 minutes;
- learning tools to help you make informed decisions; and
- the ability to view loan status and track the entire process online.
As always, you can call us at 781-961-2417 for personal assistance.