Sample Mortgage Interest Rates Here in Cabo
Let me know if you are in need of a mortgage by emailing me fongna@gmail.com or calling me at 773-353-5069. (Nick)
New interest rates just on time for The High Season…and with NO UPFRONT FEES to your customers
ü A 25% Down Payment is REQUIRED ü Lender will lend up to 75% (LTV) Loan To Value (Prior was 80% LTV)
- 6.00% for a 3 Year Arm 15 Year Term @ 50% LTV (fixed for first 3 years 15 year loan)
- 6.50% for a 3 Year Arm 30 Year Term @ 50% LTV (fixed for first 3 years 30 year loan)
- 6.75% for a 3 Year Arm 30 Year Term @ 75% LTV (fixed for first 3 years 30 year loan)
- 6.50% for a 5 Year Arm 15 Year Term @ 50% LTV (fixed for first 5 years 15 year loan)
- 7.00% for a 5 Year Arm 30 Year Term @ 50% LTV (fixed for first 5 years 30 year loan)
- 7.25% for a 5 Year Arm 30 Year Term @ 75% LTV (fixed for first 5 years 30 year loan)
- 7.75% for a 15 Year Fix Loan @ 75% LTV (fixed for the life of the loan)
- 8.00% for a 30 Year Fix Loan @ 50% LTV (fixed for the life of the loan)
- 8.25% for a 30 Year Fix Loan @ 75% LTV (fixed for the life of the loan)
ü Lenders require a minimum Fico score of 680, the above rates were calculated for a Mid Fico Score of 700+
ü Note: Interest rates vary depending on Fico Score, Program, and LTV and may change without notice