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| Current Interest Rates |
Date: Dec 01, 2008 |
| Loan |
Rate |
APR |
30 Year fixed
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6.00%
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6.20% |
15 Year fixed
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5.75%
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6.95% |
5 Year ARM
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6.00%
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6.20% |
3 Year ARM
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5.88%
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6.15% |
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Have a low fixed
rate first mortgage, but you need to consolidate some
debt or take cash out? Than a second
mortgage loan is one of the best ways
to protect your current low rate monthly payments while still meeting your new financial goals. |
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With a second mortgage you can cash out up to 100% of your homes value and
with the large equity boom we have experienced in the
Tri Valley area you will have the cash reserves to pay
for college, make repairs, or even consolidate debt. |
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| Is a Second
Mortgage For You? |
A second mortgage is
primarily for those with a low fixed rate first mortgage,
or those who are looking to buy a home and want a combo
loan typically in the form of an 80% first mortgage
and a 20% second mortgage. |
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However if you need
the loan for home repairs or improvements an equity line of credit might be the best choice since
it is expands to fit your cash needs. |
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