Want to borrow $500k or more? Save big!
Did you know that if you are thinking about choosing a 5-year fixed mortgage, the larger your loan amount, the larger potential rate savings you can obtain?
First Foundation has specials from a few of our lending partners on loans of $500k and up and $1million+.
If you’re purchasing a new home or refinancing your current home, the loan amounts and corresponding rates for a 5-year fixed mortgage are (as of June 5th, 2008):
$500,000 to $999,000 – 4.99%
$1,000,000 plus – 4.90%
If you’re purchasing an investment property (rental), the loan amounts and corresponding rates for a 5-year fixed mortgage are the same as the purchase/refinance rates mentioned above.
As you can see, sometimes going bigger is better! Please contact First Foundation today for more information!