At , our mission is to set a high standard in the mortgage industry. We are committed to quality, personal customer service, we always put the people we serve first. We adhere to the highest degree of integrity in all of our business dealings. We are a small, family based company who treats each and every one of our clients like a person, not a number.
At , you can always count on:
Fast Approvals
We use our top of the line technology to cut down on processing time and can often give you a pre-approval within hours.
Free Pre-Qualifications and Consultations
Let us help you find the perfect program for you! We have a variety of programs that are designed to help you, no matter what your situation is! |
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Rates and Points
 The
interest rate determines the monthly interest payments over
the lifetime of the loan. A "point" or "discount
point" is equivalent to 1% of the loan amount and usually
reduces or "discounts" the loan rate by an eighth
of a percentage point.
For example: You want to get a loan for $100,000 to buy a home.
Each "point" would cost you 1% of $100,000 or $1,000
but would reduce your loan's interest rate by .125%. The lender
might offer you an 8.0% loan with zero points, a 7.875% loan
with one point, or a 7.75% loan with 2 points.
Points are an up-front payment, in addition
to the down payment that is required upon closing. In some cases,
lenders will allow borrowers to finance the points over the
term of the loan. Lenders sometimes use points to make their
interest rates appear lower. Be aware that lower interest rate
offered by a lender may translate into higher points requirements.
Apply
today to let MortgageYa Home Loan Center help you
get the great financing you want and deserve!
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