MG Mortgage Inc.
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HomeAssumptions
 
The rates listed on the home page represent the lowest rates currently available, based on the typical scenarios described below. The actual rates available to you will vary based on a number of factors. Please note that these rates are only available to qualified applicants and assume excellent credit.
 
First Mortgage Assumptions
 
Loan amount:
  $200,000
Property value:
  $300,000
Points:
  Under 2%
Property type:
  Single family residence
Loan use:
  Home purchase or refinance your mortgage at the current balance.
Income documentation:
  You are willing to document your sources of income
Prepayment penalty:
  None
 
Click here to search for a first mortgage tailored to your needs.
 
Home Equity Line of Credit Assumptions
 
This rate applies to a line of credit which is variable and tied to the Prime Rate. This rate is available when the combined balance of the first and second mortgages is less than or equal to 70% of the property value, the property is owner-occupied, the borrower's FICO credit score is 760 or greater, and the credit line amount is $50,000 or greater.

Home equity lines of credit are not available in all states
 
Click here to search for a home equity loan tailored to your needs.