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Rates subject to change without notice based on market conditions. Rates published once daily Monday through Friday, typically in the morning and are posted with assumptions. Assumptions for today's pricing are: 780 or better FICO score,  loan amount of $300,000.00, 20% or more equity in the home to be financed (appraisal may be required), either a purchase or rate and term refinance (without cash out), single family residence, owner occupied. Adjustable rate will typically be locked for the first 5 years (unless a different term selected) where on the 5th year of the loan the interest rate will be derived from the index (typically the 1 year LIBOR) plus the margin, in this example 2.25% (5/2/5). Every year after the fifth year the rate can adjust annually no more than 2% (first year adjustment up to 5) with a cap of total increases (typically 5 for the life of the loan). Pricing and terms may differ based on lender specific terms dealing with debt to income ratios. Prepayment penalties may apply for adjustable rate jumbo product for the first 12 months of the loan. MAC5 offers loan products that will support lower FICO scores, higher loan to values and higher debt to income, pricing will vary based on lenders risk based pricing options. Pricing is presented with up to 1% discount with all costs and fees included in the rate. APR presented reflects estimated closing costs that may be associated with a specific loan. Closing costs may be covered by the seller and/or the lender and/or the borrower depending on the negotiated terms and conditions of the loan. These rates are to be used to give you an idea of where the market is at relative to the different products available and is not intended to be utilized as a quote for your specific scenario. Please contact MAC5 Mortgage to speak with a Mortgage Professional to get a personalized quote for your specific needs.

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