Mortgage Refinance Rates and Options

Argent Credit Union, Inc. is an Equal Housing Lender registered with the National Mortgage Licensing System under registration number 421982.

As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Cleveland, OH.

Amy R. Masi – NMLS #685519
Penny S. Crampton – NMLS #685520

30 Year Fixed Rate:

95% LTV – Payment example based on appraised value of $200,000 and a loan amount of $190,000: 30 year term with a 4.875% interest rate, the APR for this loan type is 5.391%. The monthly payment schedule:

115 payments of $1,092.58 at an interest rate of 4.875%
244 payments of $1,005.50 at an interest rate of 4.875%
1 payment of $1,001.98 at an interest rate of 4.875%

30 Year Fixed Rate:

80% LTV:  Payment example based on appraised value of $200,000 and a loan amount of $160,000: 30 year term with a 4.875% interest rate, the APR for this loan type is 5.027%. The monthly payment schedule would be:

359 payments of $846.73 at an interest rate of 4.875%
1 payments of $849.46 at an interest rate of 4.875%

20 Year Fixed Rate:

80% LTV – Payment example based on appraised value of $200,000 and a loan amount of $160,000: 20 year term with a 4.500% interest rate, the APR for this loan type is 4.704%. The monthly payment schedule would be:

239 payments of $1,012.24 at an interest rate of 4.500%
1 payments of $1,011.92 at an interest rate of 4.500%

15 Year Fixed Rate:

80% LTV – Payment example based on appraised value of $200,000 and a loan amount $160,000:  15 year term with a 4.375% interest rate, the APR for this loan type is 4.634%. The monthly payment schedule would be:

179 payments of $1,213.79 at an interest rate of 4.375%
1 payments of $1,214.38 at an interest rate of 4.375%

ARM disclosure:

80% LTV – Payment example based on appraised value of $200,000 and a loan amount $160,000: 30 year term with a 4.250, the APR for this loan type is 4.782%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

60 payments of $787.10 at an interest rate of 4.250%
299 payments of $828.34 at an interest rate of 4.750%
1 payment of $827.01 at an interest rate of 4.750%

95% LTV – Payment example based on appraised value of $200,000 and a loan amount $190,000: 30 year term with a 4.250, the APR for this loan type is 5.059%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

60 payments of $1,021.77 at an interest rate of 4.250%
299 payments of $1,070.73 at an interest rate of 4.750%
1 payment of $982.55 at an interest rate of 4.750%

10 Year Fixed Rate:

60% LTV – Payment example based on appraised value $167,000 and loan amount $100,000: 10 year term with a 3.30% interest rate, the APR for this loan type is 3.30%. The monthly payment schedule would be:

119 payments of $979.52 at an interest rate of 3.300%
1 payment of $979.17 at an interest rate of 3.300%

These rates are provided for illustrative purposes only; actual payments may be higher or lower. Payments do not include amounts for taxes and insurance premiums, if applicable, and payment may be higher.”