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Expert Advice: Federal Reserve Raised Rates This Week. Is your Home Equity at risk? Thumbnail

Expert Advice: Federal Reserve Raised Rates This Week. Is your Home Equity at risk?

December 15, 2017

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*Rates as of 4/19/2024 and can change without notice. Maximum loan amount (one-unit properties) $1,149,825. Requires 25% down payment. $300,000 15 yr fixed-rate loan at 5.875%, the monthly principal and interest payment would be $2,511.36. $300,000 30 yr ﬁxed-rate loan at 6.625% the monthly principal and interest payment would be $1,920.93. $300,000 VA 30 yr ﬁxed-rate loan at 6.000%, the monthly principal and interest payment would be $1,798.65. APR assumes veteran is exempt from VA funding fee. Your actual payment obligation will be greater. Does not include additional costs such as taxes and insurance premiums. *Consumer’s total finance charges may be higher over the life of the loan. All mortgage products, rates, terms and conditions are subject to credit and property approval. This is not a commitment to lend or extend credit. Requirements and restrictions apply. Not for Virginia, Washington or Idaho consumers. NMLS 1662480.

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