RateAPY

Southern Funding Alliance Offers 30-Year Fixed-Rate Mortgage at 4.825% APR

Posted by: RateAPY Bank Rates News
March 5th, 2010

Low interest rates are encouraging homeowners across the country to apply to refinance their home loans, while home purchasers are finding they can afford a higher mortgage amount because the interest charges are so low.

To get the best mortgage product for your needs, be sure to compare the fees and discount points charged with each loan along with the interest rate. Closing costs should also be compared.

Homeowners in Texas who are interested in refinancing a $150,000 mortgage loan or who want to purchase a home can take advantage of the low rates offered by Southern Funding Alliance.

Southern Funding Alliance Mortgage Rates

Here’s a sampling of mortgages currently offered by Southern Funding Alliance:

• 30-Year Fixed-rate mortgage at 4.750% (4.825% APR)
• 15-Year Fixed-rate mortgage at 4.250% (4.379% APR)
• 5/1 ARM mortgage at 3.875% (3.947% APR)

Each of the above mortgages has a fee of $1295 with zero discount points.

To find the best mortgage rate and term for your home refinance or purchase, compare rates online.