Total Mortgage has some of the best mortgage rates in Connecticut and across the country. Total Mortgage offers a variety of mortgage products for borrowers in CT to meet their mortgage requirements.
One of the most common mortgages among borrowers in Connecticut is the 30 year fixed rate mortgage. Currently Total Mortgage is offering a 30 year fixed rate mortgage at an affordable 4.000 percent (4.201 percent APR) in CT. A 30 year fixed mortgage is a mortgage loan whose interest rate remains the same for the life of the loan. These types of loans are best for borrowers who like to know their monthly payments before hand. This will help them make long term spending goals for their other expenses. Also 30 year fixed mortgage is desirable to people who plan to stay in the same house for a longer time. This way the mortgage payments are divided into many years making the mortgage more affordable. Another advantage of fixed mortgage rates is the term of the mortgage remains the same therefore fluctuation in the market does not affect the mortgage. However if mortgage rates decline significantly, borrowers can refinance their loan to a lower rate.
Borrowers in the Fairfield County may require jumbo mortgage loans as home prices are higher than the conforming loan limits set by Fannie Mae and Freddie Mac. At Total Mortgage, a 30 year fixed jumbo mortgage is available for qualified borrowers at a low mortgage rate of 4.875 percent (5.098 percent APR). Check the conforming loan limits for your location.
If you like to get more information on mortgage rates or other mortgage products, please call 877-868-2503 to speak with a licensed mortgage expert immediately!
Mortgage rates are always changing. All rates for Connecticut were quoted at 11:30 A.M., on September 21, 2010.
*All rates shown are for 30 day rate locks. Longer locks available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 2 points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants and are subject to mortgage approval. All rates are subject to change without notice.
Mortgage rates are at historic lows now. These low rates may not last for long and can go up again. No one can predict them. If you have been thinking of being a first time home-buyer, or even thinking of refinancing your current loan into a lower mortgage rate, this is a perfect time to take advantage of these low rates.
With mortgage rates at historic lows, now is a great opportunity for first time home buyers to lock in these low rates. It is also a great time to refinance your existing mortgage loans and get better rates and even lower your monthly payments.
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