Category Archives: Mortgage Rate Info

Mortgage Rate Information for residential mortgage shoppers

Here’s the info on 26 days to close a loan with no hidden fees

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Close in as Little as 26 Days!

No Application Fee, No Lock in Fee, No Commitment Fee, No Hidden Fees

30 Year Fixed Rate

3.625%  *APR 3.641%

15 Year Fixed Rate

3.125% ** APR 3.159%

With our custom designed home loans you can expect close communication and responsiveness.  We design loans to you specific needs allowing you to maximize your financial future.

Contact us at 877-794 5363 (Lend) or, at 914-764 3261 Evenings and Weekends. We want you to be our next 5 star review.

 

Need Mortgage Rate Quote FAST?

Complete this form and we will send you rates along with details on how to secure your mortgage.

✔ Yes, I want some rate information

Describe as much information as you can, such as: the amount of mortgage needed, home value, location, etc…

No Fees are a good thing….

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As a homeowner it’s always a good idea to assess options that may provide you with greater savings.

                                       

FOR A LIMITED TIME!

No Application Fee

No Bank Fees

Fixed rates as low as

3.625% APR 3.650%

 

Please accept my invitation for a free consultation.

In 10 minutes, we can determine if you may benefit from making changes to your mortgage. I’m here to help with information, resources, support and more than 25 years of experience to meet your unique home loan needs.

Sincerely,

 

John Sauro, President

North Atlantic Mortgage Corp

Phone: 877-794 5363 (LEND)

Direct Line: 914-764-3261

johnsauro@gmail.com

www.northatlanticmortgage.com

 

 

 

 

 

 

 

Note: There is no application fee. ”No Bank Fees” means no Bank Underwriting fee, Tax service fee or flood insurance certificate. Appraisal, bank attorney and title fees are not included in this offer and are the borrower’s responsibility. The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $75,000 down on a $375,000 purchase price), a $300,000 15 year conforming loan amount, $395.00 in finance charges, 30 days prepaid interest, no points, 30 day rate lock, priced on 6/11/19. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing.

North Atlantic Mortgage Corp. 178 Trinity Pass Rd. Pound Ridge NY 10576 NMLS #1375, NYS Department of Financial Services A004210 Registered Mortgage Broker Loans Arranged Through Third Party Providers.

Switch to a 15 Year Fixed Rate 2.990% / APR 3.172%

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15 Year Fixed Rates Can Mean Big Savings for you!

Pay less in interest over the life of the loan.

Pay off your mortgage sooner

Consolidate debt or take cash

Save 85,005 Per Month

$333,440

30 Year Fixed

3.75% (3.794 APR)

=$926 Per Month

$248,435

15 Year Fixed

2.990% (3.072 APR)

=$1,375 Per Month

Now is the time to switch to a a 15 year fixed rate. The savings are huge!

Compared to a 30 year fixed rate of a $200,000 loan,
a 15 year fixed rate loan could save you as much as $85,005.

Don’t put it off any longer and start saving with a lower mortgage payment.
There’s no salesman to speak with only qualified mortgage experts.

For a Free Consultation
Call or Email:
John Sauro
Ph: 877-794-5363
Email: JohnSauro@Gmail.com

 

 

Note: The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,480 in finance charges, 30 days prepaid interest, 1.50 points, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. NMLS #1375, NYS Department of Financial Services A004210 Registerd Mortgage Broker Loans Arranged Through Third Party Providers.

Lower Mortgage Payments by 23% with Exceptional Loan Requiring No Traditional Income Verification

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A little known home loan is now available through mortgage specialists to homeowners and buyers with payments about 23% lower than conventional mortgages.  Coupling this dramatic cut with paying off high interest rate credit card debt or equity loans is called “Equity Repositioning” and is saving homeowners thousands of dollars.

There are numerous stories of self-employed individuals consolidating 18%-21% credit card debt they have had to use for business reasons and need to re-stabilize their financial picture.  Many wonder why they haven’t been informed about this unique loan.  One reason is this loan isn’t as profitable to lenders as other loans, so they’re not easy to find.

Here’s what one person had to say: “I was looking for a creative type of financing package not available at most other banks or mortgage companies.  North Atlantic financed my home by using a very unique type of loan that caters to Entrepreneurs like myself.  Now, I’m not an easy person to please and I’ve dealt with other banks and mortgage companies in the past and none of them can compare to North Atlantics expert consultation, competence and professional service.

My compliments and appreciation to the staff of North Atlantic Mortgage.”

William M.

You could actually benefit right now by refinancing, credit cards, high end equity lines and most importantly get a great loan with no traditional income verification.  If you are a self-employed business owner, doctor, real estate investor or a high income individual, there are many other savvy “secrets” and various loan options that you probably aren’t aware exist.

Simply call 1-877-794-5363 to speak with a consultant.  You’ll be pleasantly surprised with the information you receive.

Is The Recent Dip In Interest Rates Here To Stay?

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Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief EconomistSam Khater notes, this is great news for homebuyers. He states,

“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”

In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!

Will This Trend Continue?

According to the latest forecasts from Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors, mortgage rates will increase over the course of 2019, but not at the same pace they did in 2018. You can see the forecasts broken down by quarter below.

refinance, new york home loan. mortgage,15 year mortgage, preapproval

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, meet with a local real estate professional who can help prepare you to take action.

 

 

 

 

 

 

 

 

 

source: keeping current matters

 

Refinance Again? Why?

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Because the 2018 Fannie/Freddie loan limits are in and that may mean big savings for many.

The new loan limits are $484,350 for Conforming loans and $726,525 for Hi Balance loans.

Let’s say the last time you took out a loan, the balance was above the old $453,100 (2017 conforming limit) or just above $636,150 (the old 2017 hi baance limit).  You would have paid a substantially higher rate then if you were below those limits.  Therfore, due to the new higher loan limits, you may be able to lower your interest rate and monthly payments.

Find out what this means for you.

Call us at 877-794 5363

 We’ll do a quick analysis to see how much you can save on your mortgage.

WASHINGTON, D.C. (November 28, 2018) – Mortgage applications increased 5.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 23, 2018. This week’s results include an adjustment for the Thanksgiving holiday.

“After several weeks of market volatility, 30-year fixed mortgage rates decreased four basis points to 5.12 percent last week. Homebuyers responded, with purchase applications 1.7 percent higher than a year ago, and after adjusting for the Thanksgiving holiday, they increased almost 9 percent from the previous week,” said Mike Fratantoni, MBA’s Chief Economist. “The rise in purchase activity was led by conventional purchase applications, which surged almost 12 percent, while government purchases were essentially unchanged over the week. This also pushed the average loan size for purchase applications higher, which likely meant there were fewer first-time homebuyers in the market last week.”

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 5.12 percent from 5.16 percent, with points decreasing to 0.46 from 0.48 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) remained unchanged at 4.88 percent, with points increasing to 0.31 from 0.29 (including the origination fee) for 80 percent LTV loans. The effective rate remained unchanged from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.11 percent from 5.08 percent, with points remaining unchanged at 0.63 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 4.53 percent, with points remaining unchanged at 0.51 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 5/1 ARMs increased to 4.29 percent from 4.24 percent, with points decreasing to 0.42 from 0.51 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

Refinancing or Buying-

Home Financing doesn’t have to be Stressful.
We monitor real time interest rates, so our clients are able to access some of the lowest rates available.
With rates still historically low, poised to move higher, many would be home buyers are moving quickly to finance their piece of the American Dream.

Existing home owners have refinanced at least once, even twice. But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.
At North Atlantic you receive attentive personalized service
(see what our clients say).
Believe me it’s a great deal easier with our help and expertise. The average time to close a loan is about 30 days. We understand the guidelines and know what different lenders can do, which increases your opportunities for a fast easy loan with a great rate.

Don’t put it off any longer and start saving with a lower mortgage payment.
There’s no salesman to speak with only qualified mortgage experts.

For a Free Consultation:
Call or Email:
John Sauro
Ph: 877-794-5363
Email: JohnSauro@Gmail.com

Sources: MBA, Fannie Mae

Complete this form for a QUICK QUOTE


    Westchester NY Mortgage Broker

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    Westchester Mortgage Corp. offers lending options in the towns of: Amawalk, Ardsley, Ardsley On Hudson, Armonk, Baldwin Place, Bedford, Bedford Hills, Briarcliff Manor, Bronxville, Buchanan, Chappaqua, Cortlandt Manor, Crompond, Cross River, Croton Falls, Croton On Hudson, Dobbs Ferry, Eastchester, Elmsford, Goldens Bridge, Granite Springs, Harrison, Hartsdale, Hastings On Hudson, Hawthorne, Irvington, Jefferson Valley, Katonah, Larchmont, Lincolndale, Mamaroneck, Maryknoll, Millwood, Mohegan Lake, Montrose, Mount Kisco, Mount Vernon, New Rochelle, North Salem, Ossining, Peekskill, Pelham, Pleasantville, Port Chester, Pound Ridge, Purchase, Purdys, Rye, Scarsdale, Shenorock, Shrub Oak, Somers, South Salem, Tarrytown, Thornwood, Tuckahoe, Valhalla, Verplanck, Waccabuc, West Harrison, White Plains, Yonkers, Yorktown Heights

    MORTGAGE TIP OF THE DAY

    Zillow said your home was worth what?

    Always seek out a professional home appraisal and be careful about falling in love with home value estimates you see online because many are far above market value... CONT READING

    Westchester County Mortgage Broker

    Our Westchester County Mortgage Broker will guide you every step of the way.  Helping Westchester County Residents with their home mortgage rate shopping. Weather you are a first time home buyer in Chappaqua, a homeowner in New Rochelle or looking for a lower rate to refinance your mortgage in Portchester NY. If you have a primary residence or second home and are in the market to purchase or refinance in the Westchester County NY, North Atlantic Mortgage Corp is here to be your lending partner.

    We offer expert advice, fast approvals and on time-closings.

    We monitor interest rates from various lenders and place you with the lowest rate offered.  We watch the market to stay informed of Westchester County trends and mortgage lender offers on Conventional and Home Improvement loans, including fixed, adjustable rate (ARMs) and Home Equity Lines of Credit. At North Atlantic Mortgage Corp our main focus is to figure out what suits your specific financing needs.

    Get started today! Call 1-877-794-LEND (5363)

     

    QUICK QUOTE

    No Obligation. Free Expert Advice.







      No Income Check Loans – Making a Comeback?

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      No income check home loans were very common prior to the 2008 credit crisis.  However, they bacame extinct after 2008.  So far, there are no lenders offering the old style no income check loans, but there are a few programs available through North Atlantic Mortgage that allow for alternative ways of verifying income.

      Here are two alternative ways of verifying income:

      Option One – Asset Qualification

      • Borrowers are qualified based on verified liquid assets
      • Employment and income are not stated on application
      • Debt To Income ratios not calculated
      • 4506T IRS Transcript not required
      • Payment shock not calculated
      • Foreign Nationals allowed
      • Option Two- Bank Statements

      Option Two- Bank Statements

      • Self-employed borrowers* using bank statements
      • Debt To Income ratio up to 50%
      • Personal or business bank statements allowed
      • If business and personal accounts are combined, or if borrower is using only business bank statements, income is evaluated using a 50% expense factor for business-related deposits.
      • Payment shock not calculated

      *A borrower with a 25% or greater ownership interest in a business is considered self-employed

       

      WASHINGTON, D.C. (June 21, 2017) – Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2017.

      The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained unchanged at 4.13 percent, with points decreasing to 0.34 from 0.35 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

      The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) increased to 4.08 percent from 4.06 percent, with points increasing to 0.30 from 0.24 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

      The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 4.04 percent from 4.00 percent, with points increasing to 0.35 from 0.29 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

      The average contract interest rate for 15-year fixed-rate mortgages increased to 3.40 percent from 3.37 percent, with points increasing to 0.38 from 0.34 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

       

      Buying or Refinancing a home doesn’t have to be Stressful

      With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
      (see what our clients say).

      Believe me, it’s a great deal easier with our help and expertise.

      The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunities for a fast easy loan with a great rate.

      Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

      For a free consultation,

      Call or Email:
      John Sauro 
      Ph: 877-794-5363 
      Email: JohnSauro@Gmail.com

       

       

       

      Sources: Mortgage Bankers Association