Mortgage Rates are Relative Update

Since our last post about mortgage rates being relative to loan amounts, there have been some changes to mortgage rates in general. The discounted rates for larger mortgages have also adjusted due to these changes.

The new rates are:

All terms are 5-year fixed rate mortgages:

$100-$249k: 5.59%

$250-499k: 5.49%

$500-$999k: 5.24%

$1million +: 5.14%

If you’d like to know more about deep discount rates, please contact us!

In order to qualify for a Deep Discount promotional rate, you must apply for a mortgage through First Foundation between July 5 and August 31, 2008. Some restrictions apply, and this offer is only available through one of our lenders, so we cannot guarantee that you’ll qualify with them. As an independent mortgage brokerage, First Foundation will do its best to facilitate a mortgage transaction between you and the lender of your choice. There may be better offers at any given time, and lenders reserve the right to qualify borrowers on a variety of criteria. Some of these rates don’t apply to rental properties or for people who can’t verify their income (i.e. self-employed) Please contact a First Foundation mortgage specialist or fill out our convenient online mortgage application for more specifics related to your particular needs.