Lexington South Carolina Real Estate

Mortgage Rates for November 11th 2009 Happy Veterans Day

It's Your Credit... You Have a Right to Know How it Looks! Did you know that all residents of the US have the right to obtain one free credit report from each of the three credit bureaus per year? Since your credit score is more important than ever due to today's tightening credit standards, it's the perfect opportunity to take advantage of this benefit. But Beware... Although you see commercials offering free credit reports, many companies actually charge a fee or require enrollment to qualify for the free report. That's why one of your best resources is www.annualcreditreport.com for a free report of your credit history. This report of your credit history can help you check the accuracy of the information in your report. However, it does NOT include your credit score. If you want to know your number, you can pay an add-on fee from the service or simply contact me for help determining your actual score. Stagger Your Reports Remember, you are only entitled to receive one free report from each bureau per year, so consider staggering the requests. For example, make a note on your calendar to order a report from TransUnion® one month, then one from Equifax® a few months later, and finally one from Experian® a few months after that. In essence, this will allow you to order three credit reports per year...and provide you the ability to monitor your credit throughout the year.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Wednesday, 11th November, 2009:

Term Conforming APR Payment per $1,000 Jumbo APR Payment per $1,000 Arm Reset Term FHA 30YR 360 4.75% 4.836% $5.22 % 0.000% $0.00 - 30yr Fixed Conv 360 4.75% 4.836% $5.22 5.75% 5.842% $5.84 - FHA 3yr Arm 360 3.75% 3.831% $4.63 % 0.000% $0.00 3 5/1 ARM 360 3.5% 3.580% $4.49 4.625% 4.711% $5.14 5 3/1 ARM 360 3.5% 3.580% $4.49 4.5% 4.585% $5.07 3 5/1 ARM Interest Only 360 3.625% 3.706% $3.02 % 0.000% $0.00 5 VA 30 Year Fixed 360 4.75% 4.836% $5.22 % 0.000% $0.00 -

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Ricky Khamis

CMPS, Senior Loan Officer

Nova Home Loans

Office: 480-559-9609

Email: Ricky@ApprovingAZ.com

Online Applicaiton www.ApprovingAZ.com

Cell 602-758-7425