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What's Your Rate?


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Christian Penner 
Area Manager
Mortgage Banker
Phone: 561-373-0987
Fax: 561-935-4142
License: NMLS#368289


What's Your Rate?

When it comes to buying a home, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today's homebuyers need good advice from an experienced, educated mortgage professional who has their best interest in mind. 

Consumers need to beware of anyone who quotes them an interest rate over the phone or the Internet without asking anything about them, their family, their finances or their lifestyle. Besides market conditions, a mortgage rate is based on a long list of criteria that are unique to an individual's financial situation. 

Look at the list below of 26 different criteria that affect a mortgage rate. How can anyone quote consumers an interest rate they can trust without a thorough knowledge of their unique financial situation?

1. Loan Amount 2. LTV 3. CLTV 4. Credit Score 5. Credit History 6. Escrow Preference 7. Closing Date 8. Loan Type 9.Property Type 10. Occupancy Type 11. Residency 12. Available Assets 13. Asset Seasoning 14. Co-borrowers 15. Debt Ratio 16. Housing Ratio 17. Improvements Needed 18. Employment Type 19. Employment History 20. Documentation Type 21. Paying Points 22. Length of Loan 23. Relocation 24. Seller Contributions 25. Gifts 26. Cash-out



Mortgage Interest Rates*
Rates as of Thursday, 25th August, 2011:
  Term Conforming APR Payment per
Jumbo APR Payment per
30-yr Fixed 360 4.125% 4.208% $4.85 4.625% 4.711% $5.14
15-yr Fixed 360 3.250% 3.329% $4.35 4.25% 4.334% $4.92
FHA 30yr Fixed 360 4.000% 4.082% $4.77 % 0.000% $0.00
FHA 5yr Arm 360 2.875% 2.952% $4.15 % 0.000% $0.00
5-yr Arm 360 3.250% 3.329% $4.35 3.000% 3.078% $4.22
5-yr Arm Int Only 360 3.375% 3.455% $2.81 3.125% 3.203% $2.60

*Rates are subject to change due to market fluctuations and borrower's eligibility. Payment amounts do not include amounts for taxes and insurance. Actual payments will be higher.

For professional use only. Not intended for consumer distribution.
Christian is a Full Service Mortgage Banker. He is also approved with numerous lending sources throughout the country. He provides conventional, non conforming, jumbo, construction perm, FHA and VA loans. He assists customers with great credit and no credit. He can assist individuals and professionals with their financing needs whether buying, selling or refinancing real estate. If he can be of assistance or to be added or removed from his distribution list, contact him at the telephone numbers provided, or reply to this email. Your request will be immediately honored. to be added to his distribution list please register at : http://www.dbnurture.com/optin.php?u=cpenner