Stable Interest Rates

November 20, 2006

For Buyers contemplating the purchase of a new home, Financial 2000, a Mortgage brokerage company, posted the following rates:

FHA/VA - 30 year fixed - interest 6.125% - 0 Points/ 1% Origination fee
Conventional Conforming - 30 year fixed - interest 6% - 0 Points/ 1% Origination fee

Financial 2000 as a mortgage broker can assist buyers in finding the most suitable financing to fit their individual needs. Their loan representatives are available during normal business hours at 909-748-7010 and in the evening and weekends at 909 -855-0585.

You can use this little guide for figuring what your principal and interest payment could be:
For every $1000 of loan amount @ 6.125% interest it will cost you $6.08 .
For every $1000 of loan amount @ 6% interest it will cost you$6.00.

Example: 300,000 loan @ 6% = 300 x $6.00 = $1800 for your principal and interest payment.

Rates have remained wonderfully stable in 2006 allowing prospective purchasers to obtain great loans.