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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

Posted: Monday, October 12, 2009 8:57 AM by Nick Fong
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