*APRs based on 30-year term, 95% LTV;
including PMI
40-Year Fixed Rates
1 Point
6.200%
6.736% APR*
0 Points
6.450%
7.015% APR*
0 Points + Grant
7.050%
7.630% APR*
*APRs based on 40-year term, 95% LTV;
including PMI 40-year term not available for
manufactured housing
Get a Customized Quote
Ask us to beat a rate quote!
*Required Field
When you finance your new home through Schaefer Mortgage you can be assured you will get the lowest rate possible without any of the gimmicks that other lenders and brokers use to attract their borrowers. Occasionally, you may find rates advertised that appear lower than the rates we offer, but don't let first impressions fool you. The rates that lenders and mortgage brokers advertise can be misleading. By law, lenders must disclose their annual percentage rates (APRs) in their ads.
However, APRs alone do not tell the story, because in order to enhance the appearance of their printed rates, lenders often presuppose an imaginary borrower who prepays two or three points at closing, effectively trimming the top 1/2% to 3/4% from the rate. (The rule of thumb is that each point prepaid at closing "buys down" the interest rate by 1/4%.)
Regretably, the law doesn't require lenders to state the number of prepaid points associated with each rate. The rate in the ad is accurate, but only tells part of the story. When you are ready to see today's best rates for the New England Area, contact us now!
Once you have completed this expression of interest or application your information will be sent to Schaefer Mortgage Corp. - Main Acct. A representative from Schaefer Mortgage Corp. - Main Acct may contact you by telephone or email. By submitting your expression of interest you are consenting to receive telephone calls or email from Schaefer Mortgage Corp. - Main Acct.
