Each card shows the scenario behind the rate. Your own pricing can differ after a full application and review.
A rate is one number. A loan has several. Here is what each one means, so you can compare offers the same way a Loan Officer does.
See the Loan Estimate ExplainerThe percentage used to figure your principal and interest payment. It does not show every cost of the loan.
A wider measure that adds certain fees and finance charges to the rate. Use it to compare two offers side by side.
Credit score, down payment, loan size and property type all move the rate. Each card lists the scenario we priced.
Rate assumptions. Rates shown assume a borrower with excellent credit (740 or higher), a primary residence purchase, enough equity or down payment, and standard loan amounts. Your actual rate may differ based on credit score, loan to value, loan amount, property type, and other factors.
APR. Annual Percentage Rate (APR) reflects the yearly cost of borrowing, including the interest rate plus certain fees and charges. APR is usually higher than the note rate.
Rate changes. Mortgage rates change daily, sometimes more than once a day, based on economic data, Federal Reserve policy, and the bond market. Rates shown are subject to change without notice.
Not a commitment. These rates are not a loan commitment or a guarantee. A formal loan application, credit review, and property appraisal are required before any rate can be locked.
NMLS #2133626 · Quazel Mortgage (New Point Lending) · Licensed in Utah, Idaho, Florida, and Colorado · Equal Housing Opportunity
Posted rates are a starting point. Tell us about your loan and we will price it for you, with the costs shown next to the rate.