LoneStarRefinance.com is not a lender or a banker (Service Provider). Leading Service Providers throughout the nation participate in our matching engine that may have loan products available matching the criteria you submit through our quote form. The information collected is not an application for credit or a mortgage loan, nor is it used to pre-qualify you with any lender. There is no cost to get matched with lenders, submit a request, or receive loan offers. You may review the loan offers and talk to the lenders at no cost. The lender you choose may require a fee to continue processing your loan request, but until you agree to pay the lender a fee, you may stop at no cost to you. LoneStarRefinance.com does not charge you, the consumer, a fee for its services. You will be responsible for paying any loan processing, closing costs or other fees to the lender with whom you close.

About Our Advertised Interest Rates

Adjustable Interest Rates and Advertised Payment Terms

* Our advertised adjustable interest rates are based on a 3/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term and are current as of January 4, 2012.
* The example rate assumes a $150,000 loan. The initial interest rate is 2.50% for 3 years with $4,515 in fees due at closing. The APR will be 3.07% with an initial monthly principal and interest payment of $592 for the first 3 years. This is a variable rate mortgage. After a period of 3 years, the interest rate and mortgage payment can change.
* An Adjustable Rate Mortgage (ARM) is a mortgage with an adjustable rate that is amortized over 30 years.
* You’re interest rate is fixed for the first 3, 5, or 7 years of the loan repayment period, depending on the type of ARM you have.
* After the initial fixed-rate period, the interest rate could adjust every 12 months, depending on the product and the financial markets. Interest rate adjustments are capped at 5% above your initial rate and 2% per adjustment period. In other words, if you’re initial interest rate is 4.5%, your rate will never be higher than 9.5%, and never rise more than 2% per year.
* The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may go up or down each year.

*The examples above assume a credit score of at least 760 and a LTV Ratio of 70% or less on a single family home.

*The monthly mortgage payment above does Not include taxes or insurance.

Fixed Interest Rates

* Our advertised fixed interest rates are based on a 30-year fixed-rate loan with a loan-to-value ratio of less than 70% and are current as of January 4, 2012. Mortgage Rate of 3.5% is for qualified borrowers for a 30 year fixed mortgage at 3.5% with $5,888 in fees due at closing and an APR of 3.706%. The quoted rate assumes a credit score of 760 or greater with a loan to value (LTV) of 70% or less on a single family primary residence.

*Example assumes a $150,000 mortgage with a monthly payment of $674 (payment does not include taxes or insurance).
*Actual mortgage payment will vary based on your situation and the current interest rate when you apply.

Other Information

* Loans may carry closing costs and/or origination points.
* Not all consumers will be matched to a lender that is able to supply the advertised rates.
* We cannot guarantee any specific interest rate or mortgage payment.

* The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors.

* Rate and terms offered may vary depending on your credit history, income, amount of equity in the property, location, and type of property, and other factors and may have loan origination/discount fee due at closing.
*Offer may not be available in all states. Otherwise, no matter what state you live in we invite you to complete our form to be matched with lenders offering other programs in your state.

* Available rates and payment terms are subject to change daily without notice.

*Payment amounts shown do not include taxes or insurance.

* The rates and terms you are offered are the responsibility of the Lender and will vary based upon your loan request as determined by the Lenders to whom you are matched. There is a possibility that you may not be matched with the Lender making this example offer.

* We do not check your credit or require that you provide your social security number in order to use the services available on this website.