|
|
This popular loan program is a great way to reduce your monthly payments by allowing you to consolidate those high rate credit cards and installment loans. Cashing-out equity for home improvement or for an investment opportunity may be another reason for selecting this type of loan program.
Example of how you may benefit from our 125% LTV loan program
...Before Refinance:
Home Value: 200,000
Credit Card Debt: 75,000
Rate: 6.85%
Term: 30 Years
Mortgage Payoff: 150,000
Monthly Mortgage Payment: 982.00
Monthly Debt Payment: 1,250
...After Refinance:
New Loan: 237,000
New Rate: 7.25%
New Payment: 1,616.76
Old Payment: 982.00 + 1,250 = 2,232.00
Monthly Payment Savings = $615.24
Yearly Savings: 7,382.88
3-Year Savings: 22,148.64
5-Year Savings: 36,914.40
* Payments based on 30 Year Amortization, 100% ltv, 1st lien position, 7.25% rate, 7.35% APR.
APR may vary depending on term and amount.
Rates are subject to change.
Loan application subject to credit and underwriting guide lines
Copyright 2004 Lehi Mortgage Services, Inc. All rights reserved.
1073 Hancock
Street Suite 401
Quincy, MA 02169
Tel: 1-617-657-6795
Fax:
1-617-657-6798
info@lehimortgage.com
MA MB3202
|
