These conditions include but are not limited to daily bond market yields, economic forecasts, federal reserve policy and general market activity. Rates for mortgages vary according to many different factors. The chief factor among them are loan amounts and type of loan. All investors have varying underwriting criteria, asset and credit requirements, etc. In order to find the best rate use our on-line prequalification form or simply call us and speak to one of our friendly and knowledgeable representatives.
Conventional rates are lower than jumbo rates.
Discount points are paid at the time of closing and are fully tax deductible in the year you pay them on a purchase money loan. If you are refinancing, click for more details regarding discount points. We will also provide you with an estimate of the customary fees paid to third party providers i.e. your attorney, title company, county recording fees, etc. Paone Mortgage provides this estimate as a service to our borrowers so you have a reasonable expectation of charges you will incur at your closing. For exact charges you should contact your closing agent or the providers themselves.