Remember, advertisements for lower rates generally require discount points - DiTech likes to use 2% of the loan amount - and unrealistic credit scores such as 731 and above. These are real rates, no discount points, 80% LTV, full doc, FNMA, 680 middle score.
AS OF Noon on Friday a home buyer on a $300,000 single-family detached home with 20% down, with good credit, income and assets should expect the following on a FNMA conventional home loan:
| 5/1 ARM (Five Year Fixed Period) | 1.00 Origination | 4.875 Interest | 5.14APR (Start) | $1,270.10 P&I |
| 30 Year Fixed Mortgage | 1.00 Origination | 5.625 Interest | 5.91APR (Fixed for30 Years) | $1,381.58 P&I |
678-946-0100
866-946-0120
Novation Mortgage, 2501 E Piedmont Road, Suite 201, Marietta, GA 30062 Georgia Residential Mortgage Licensee 20014. Florida Mortgage Broker Business MBB 0703760 FHA Lender ID Number: 25600-0000-2 Equal Housing Lender
Call one of these agents after you are pre-approved:
Georgia Agents
Florida Agents
Just be sure and tell them you are working with KEN at NOVATION!
Ken Cook - Web coder (I write the programs that make the whole world zing!) (678) 439-8683 Anything your mind can conceive I can create - online that is!
Social Media Edge Radio - seriously true professionals who won't misguide you with some crap they made up to sell more books and seminars. Every Tuesday at Noon eastern.
RETSORadio - part of the RETSO family. Great tech information and updates from people who have the answers, people who speak and product and service users.
Lead Capturing Landing Pages - for real estate agents, loan officers and more. Complete systems with instant mail notification, email database for export to your favorite CRM and more starting at $99.
NOTICE: I have been writing in this blog since July 2006. Some of the older articles may contain information that has changed. Please check the date and phone me if you have any questions.

I have been telling people that these rates are rocking... Seriously. And with the inventories, it couldn't be much better to be a qualified buyer in the market.
Gave you some props, too...