Interest rates are subject to market volatility and can change without notice.  Borrowers and property must qualify with a submitted mortgage application.  The information provided above is based on the following scenario:  Purchase of a property valued at $200,000, with a loan amount of $150,000.  The property is located in Michigan and is an existing single family residence which will be used as the borrower’s primary residence.  The borrower has a mortgage credit score of at least 740.  An escrow account to pay taxes and insurance is established.  The interest rate quoted is fixed for a 30 year term and locked with an application for a period of 30 days. 

To discuss your personal mortgage scenario for the purpose of a rate quote, please contact us at (616) 954-3941.