All loans are subject to credit approval.
Rates adjust daily, sometimes
hourly. These adjustments do not affect the prime rate. The
prime rate is a benchmark that is set by the Federal Reserve.
The Federal Reserve Board meets more than 5 times a year to
determine whether the prime rate should be changed.
Adjustable rate mortgage loans
may be tied to the MTA, LIBOR, COSI, CODI to name a few. An
adjustable rate can increase or reduce monthly, annually or
semi-annually. What determines the adjustment is based on what
index is tied to the loan. These adjustments may go up or down
depending on the market.
There are conforming rates and
non conforming rates. You may ask, what is the difference? The
rate type is determined by many factors. Credit worthiness,
income, assets, cash out and seasoning are all contributing
factors. We use this information to help us determine which
program fits you and your future needs.
With so many different products
to choose from, making the right choice may be difficult. Our
understanding staff will explain the difference between a fixed
loan vs. adjustable, a rate and term vs. cash out refinance.
Allow us to do the research for you and we’ll offer educated
options that make sense.
At KBC Mortgage Group, a loan
involves much more than a rate. It’s the people inside the home
that matter most. We know that making a choice for a mortgage
loan can be overwhelming, but we will do what it takes to make
you comfortable.
There are a range of products
to choose from.
There are additional benefits
to choosing KBC for your next loan. We offer a circle of
professionals to help complete the process. The include but are
not limited to an appraiser, a title company, a credit repair
company and real estate agents. We work hard to keep you
comfortable and at ease while we are processing your loan
transaction.
Again, let
KBC
Mortgage Group, Inc.
do the research for you and your family.
