Rates are AMAZING in every category, currently, except for the 15-yr no-point option, which seems not to even make sense, so we’re not quoting it at this time. There are increments between the 1-point and no-point options, though, in every category. Typically, when we get ready to lock a rate, we will compare the no-point option with a 1-point or partial point option, to see if it makes sense for the borrower to buy points or pay NONE. If the borrower can make up the rate difference (by buying a rate down) within a 5-yr period, it makes sense to consider a buydown. If you have questions as to how to calculate this yourself, just give me a call and I’ll walk you through the process.
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ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 04/29/2013 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| Mortgages to $417,000 (Conforming) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.125% |
3.239% |
3.375% |
3.401% |
| 15-YR |
2.25% |
2.453% |
2.625% |
2.686% |
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| Mortgages $417,001 – $1,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
3.75% |
3.852% |
4.125% |
4.145% |
| 15-YR |
3.00% |
3.180% |
NOT QUOTED |
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Mortgages up to $2,000,000, ARM Products & Interest Only programs are also available – Please call for Quotes. |
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Ginger Bowe Sullivan
ANASAZI MORTGAGE
1000 Cordova Pl, #56
Santa Fe, NM 87505
Phone: 505-995-8888
Toll-Free: 800-995-8888 (if calling outside Santa Fe)
Fax: 505-995-8885