Financing Comparisons

You can save $312 per month and $523,098 on monthly payments

If you choose to use your own Realtor, take out your check book and imagine writing "your" Realtor a check for $312 each month for 5 years, 10 15, or even 30 years!

Comparisons are based on a $750,000 30 year loan. The 1.95% minimum monthly payment and the MTA Index are the same. The Margin determines your interest rate and your monthly payment. Click to compare APRs for Fixed Rates. Save thou$and$!

Find a lower rate and APR anywhere else and
get a $250 American Express Gift Certificate.*1

4 Pay Option
Loan Program		 Accord Loans Other
Mortgage Brokers		 Direct
Retail Rates
Rate 1.95% Minimum
Payment Rate		 1.95% Minimum
Payment Rate		 1.95% Minimum
Payment Rate
Monthly Pmt. $2,753 Minimum Pmt. $2,753 Minimum Pmt. $2,753 Minimum Pmt.
Margin * 2.90% 3.15% 3.40%
Index 4.90% Same index 4.90% Same index 4.90% Same index
Indexed Rate 7.80% 8.05% 8.30%
Monthly Pmt. $5,399 Fully indexed $5,529 Fully Indexed $5,660 Fully Indexed
Interest Only $4,875 Monthly pmt. $5,031 Monthly pmt. $5,187 Monthly pmt.
Points Zero
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Fees No Broker Fees
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APR * 7.812
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Pre Payment 12 Months available
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Comparisons
Smart Choice
$156 Higher payments
$312 Higher payments

Rates date: 03/27/2007

The Accord Loans wholesale financing can save you $312 per month. If you took your $312 monthly savings and put it on the principal amount you would own your home free and clear in 23 years and 3 months. You would save $602,352 in monthly payments.

You would save 6 years and 9 months of payments.
That is 94 monthly mortgage payments x $6,458 = $523,098 Savings

Make sure to use the services of Free Way RE and Accord Loans to purchase your home. It could be the key to your home ownership financial success. Contact us now to get Pre-Qualified for a Free Home Loan.


* Adjustable Rate Mortgage. Lenders add the margin and the index to determine your fully indexed rate. The difference between the rate and the APR determines the actual loan charges.

By law, the APR must be disclosed when quoting an actual interest rate. The APR is disclosed in the Truth-In-Lending Disclosure Statement. The estimated loan charges are included in the Good Faith Estimate. The key word is estimate, so many brokers and lenders can promise one thing and deliver another.

The above example includes $655 in bank charges including: underwriting, document preparation, wire transfer, Property Tax Service, Flood Certification. Those charges are charged by the bank and not Accord Loans. Funding real estate loans is a very complex and expensive process and that is why lenders need to cover those costs. They could also waive those charges and charge a higher rate.


*1 Get a $250 American Express Gift Certificate

If you find another lender that offers you a lower rate and APR in writing (Good Faith Estimate and Truth-in-Lending Disclosure) we will help coordinate your loan with them and you will also receive a $250 American Express Gift Certificate.

It saves us money if we have another lender do the loan so we pass the savings to you in the form of a $250 American Express Gift Certificate.

Loan amounts, programs, interest rates, credit, income, and property restrictions apply. Programs, rates, and terms are subject to change without notice. Licensed under CA Department of Real Estate. Broker license # 01250372.