Santa Fe Las Campanas Mortgage Info

Pricing has become very aggressive for “Lender-Paid Mortgage Insurance”, also known as “LPMI”, and many times beats the traditional mortgage insurance pricing.  For instance, if a buyer were to purchase a home for $400K, and only invest 5%, their loan amount would be $356,250.  With a no-point 3.625% rate, the borrower would pay $1,624.68 for principal and interest, and another $198.91 for mortgage insurance (an an approx. APR of 4.70%), for a total payment of $1,823.59.  HOWEVER, the borrower could opt for LPMI, and have a no-point rate of 4% (APR of 4.115%), but a lower monthly principal, interest and mtg insurance payment of $1,700.79.  There are advantages to both programs, but getting the lower payment with the higher APR may be the best choice.We look forward to discussing rates, programs, and loan scenarios.  Please feel free to call for any clarifications and/or analyses.  ANASAZI MORTGAGE RATESFOR Primary Residence (purchase only)As of 06/18/2012
Mortgages to $417,000 (Conforming)
 w/ 1 PointAPRw/ no PointAPR
Mortgages  $417,001 – $1,500,000
 w/ 1 PointAPRw/ no PointAPR

3/1 ARM – 30-YR
 w/ 1 PointAPRw/ no PointAPR
5/1 ARM – 30-YR
 w/ 1 PointAPRw/ no PointAPR

7/1 ARM – 30-YR
w/ 1 PointAPRw/ no PointAPR
Conforming2.50%4.050%2.875% 4.411%
Mortgages in excess of $1,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes. Ginger Bowe SullivanANASAZI MORTGAGEP. O. Box 5724Santa Fe, NM  87502-5724Phone:      505-995-8888Toll-Free: 800-995-8888 (if calling outside Santa Fe)Fax: