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What kind of 5/1 rates are out there? Our loan is jumbo about 630K. Tell me if there are any points also.

I am in Orange, CA. by from , . Aug 30th 2009 Reply


Jackie A Graves (changemyrate)
#166 ranked lender in California - 6 contributions

Hi here is a list of available rates and points for a 5/1 arm. The rate combinations change daily. Let me know what will work for you and I will do my best to accomadate your request.A512 5/1 ARM Other loan level price adjustments:Caps 5/2/5 No impounds: add .25 to the price2.25 Margin 2 Units: add .25 to the priceRate 15 Day5.750 -0.640 Notes:5.625 -0.515 Loan must be approved in order to lock.5.500 0.250 Maximum lock term is 15 days.5.375 0.3755.250 0.6255.125 0.7505.000 1.0004.875 1.5004.750 2.000Let me know when we can get started.

Aug 30th 2009
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Jackie A Graves (changemyrate)
#166 ranked lender in California - 6 contributions

A512 5/1 ARM Other loan level price adjustments:Caps 5/2/5 No impounds: add .25 to the price2.25 Margin 2 Units: add .25 to the priceRate 15 Day----5.750 rate -0.640 pts----5.625 rate -0.515 pts----5.500 rate 0.125 pts----5.375 rate 0.375 pts----5.250 rate 0.625 pts----5.125 rate 0.750 pts----5.000 rate 1.000 pts----4.875 rate 1.500 pts----4.750 rate 2.000 pts

Aug 30th 2009
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RANDA MISHLAWI (mishlawir)
#195 ranked lender in California - 10 contributions

A 5/1 for this loan amount , based on a loan to value of 75% and a credit score of 720 or more ins currently at 4.5% at 0 points. Of course you can get a lower rate and pay points.You can contact me at mishlawir@aol.com for more details.

Aug 30th 2009
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Bryan Wilson (Bryan Wilson)
#147 ranked lender in California - 30 contributions

If you have to capability to bring in some cash to keep loan amount under 625,500 - you can get 4.5% assuming you have great credit, the equity required with .50 points and approx. $3100 third party closing costs for a non cash out refinance. 45 day rate lock included.Bryan WilsonPresidentMagellan Capital Group & Assoc.949-533-9333If you need to go over $625,500 - you can still lock it in the the high 4% range with a few different options on points depending on rate you want.

Aug 31st 2009
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Timothy Gray (insistontim)
#190 ranked lender in California - 15 contributions

Hi there,Our 5/1 ARM for your loan amount start at 4.375% today. There is NO prepayment penalties and your payment is always principle and interest.Call me to review your refinance scenario and receive a no obligation Good Faith Estimate to review.

Aug 31st 2009
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