RateAPY

Century Point Mortgage Offering 5.048% APR 30-Year Fixed-Rate Loan

Posted by: RateAPY Bank Rates News
October 29th, 2009

Whether they are looking to purchase a home or refinance their current mortgage, consumers should carefully compare mortgage quotes from a variety of lenders. Comparing the interest rate, discount points, and the terms of the loan can make a big long-term difference in the cost of the loan.

Loan Fees

One more comparison consumers should make concerns lender fees. Some lenders will charge a variety of fees to their borrowers and list each one separately. Century Point Mortgage’s 5.048% APR 30-Year Fixed-Rate Loan and all other mortgages offered by this lender come with a “Clear Fee” quote. All the lender fees such as loan processing fees, application fees, underwriting charges, and credit reports fees are included. Century Point Mortgage also quotes estimated closing costs so borrowers can easily estimate their financial needs.

Current Rates Offered By Century Point

The following is a sampling of mortgage loan products and rates, all carrying a $350 fee:

• 30-year fixed: 5.000%, 0.4035 points (5.048% APR)
• 15-year fixed: 4.500%, 0 points (4.521% APR)
• 3/1 ARM: 3.750%, 0.937 points (3.839% APR)
• 5/1 ARM: 4.000%, 0.143 points (4.024% APR)