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  Mortgage Loan Rates
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TypeLien
Status
TermInterest
Rate
Effective
as
of
30/15 Balloon Mortgage1st30 yearsas low as 3.250%5/27/2016
20/15 Balloon Mortgage1st20 yearsas low as 3.125%5/27/2016
15/15 Adjustable Rate Mortgage 1st30 yearsas low as 3.375%5/27/2016
15/5 Adjustable Rate Mortgage 1st20 yearsas low as 3.250%5/27/2016
5/5 Adjustable Rate Mortgage 1st30 yearsas low as 3.125%5/27/2016
5/5 Adjustable Rate Mortgage 1st20 yearsas low as 3.000%5/27/2016
12-15 year fixed rate1st12-15 yearsas low as 2.625%5/27/2016
5-10 year fixed rate1st5-10 yearsas low as 2.500%5/27/2016
Construction1st12 months1% over the perm rate5/27/2016




Rates posted are indications only and are effective as of the date listed above. Rates are subject to change without notice. Your actual rate may be different, as many factors go into providing you with a mortgage loan. Rates shown are not intended to be a commitment to the loan type or amount for which you may qualify. All mortgage loans have a 1% origination fee plus prepaid and closing costs. At the time the loan is conditionally approved, a $425 fee is required. Rates listed above apply to loans up to $417,000 only.

Fixed-Rate Balloon Mortgages 30/15 and 20/15

Fixed-Rate balloon products have a term of 15 years and are amortized over either 20 or 30 years as noted above. Balloon products have an unpaid principal balance due after the fixed 15 year period.

Adjustable-Rate Mortgage 15/15

Adjustable-Rate Mortgages are variable and your APR may increase after the original rate period. The adjustable rate mortgages are tied to the 10 Year CMT index. Adjustable rates cannot change more than 4% at the adjustment period and cannot adjust more than 4% over the life of the loan.

Adjustable-Rate Mortgage 5/5

Adjustable-Rate Mortgages are variable and your APR may increase after the original rate period. The adjustable rate mortgages are tied to the 10 Year CMT index. Adjustable rates cannot change more than 2% at the adjustment period and cannot adjust more than 5% over the life of the loan.

More Information

For more information on how this product works and its benefits, please call our Mortgage Department at (865) 481-4974. A loan officer will gladly help you determine if this product is right for you.



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LENDER
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