Mortgage Brokers vs. Mega Banks
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Mortgage brokers not only shop for the best loan product for borrowers, but they can help them save money, too!
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Mortgage Brokers vs. Mega Banks
- 1. Numbers based on a 30-year fixed rate mortgage and $250,000 purchase price INTEREST RATE 4.375% PRINCIPAL & INTEREST PAYMENT TOTAL PAYMENTS MONTHLY SAVINGS LIFE OF A LOAN SAVINGS UWMUNITED WHOLESALE MORTGAGE Numbers based on a 30-year fixed rate mortgage with a $200,000 loan amount, a borrower FICO score of 760, and 80% loan to value (LTV). The annual percentage rate (APR) on a 4.375% rate is 4.383%, and the APR on a 5.0% rate is 5.0%. The principal and interest payments do not include taxes and insurance premiums, which will result in higher actual monthly payments. NMLS#3038