Pay just 4.125% for a 30 year home loan, no points

Calculator home on money

Epic Funding has one of April's best deals on 30-year fixed-rate mortgages if you're purchasing or refinancing a home in Florida and Virginia.

It's offering 4.125% with no points and no lender fees (after a lender credit).

That's less than you would have paid for one of favorite deal's last month, when First Internet Bank of Indiana was offering 4.25% on a 30-year with no points or fees.

It's also more than a quarter point below the current national average for a 30-year home loan, which is 4.43%.

Unfornately Epic only writes loans in two states. But click here to compare the best mortgage rates from scores of other lenders in your area to see if you match its offer.

The principal and interest payment on a 4.125% loan is just $485 a month for every $100,000.

You can use our mortgage calculator to determine the monthly payments for the amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay the loan off.

Epic Funding (www.epicfundingfl.com) is based in Fort Myers, Fla., and enjoys an A- rating with the Better Business Bureau.

To qualify for this loan you must:

9 ways to crush all cash buyers

9 ways to crush all-cash buyers

Nearly half of all home buyers pay cash these days – and sellers love that. It eliminates all of the hassle and uncertainty of dealing with a buyer who has to line up a loan. If you're relying on a mortgage to buy a home, you need a strategy like this to help you compete and close the deal.

Mortgage rates are about a point higher than they were last spring -- a painful fact that will cost consumers about $60 a month for every $100,000 they borrow.

But so far they've defied all expectations that home loans would get more expensive this year. In fact, they've actually gotten a little cheaper since the first of the year.

Even if the experts ultimately prove to be right and borrowing costs start climbing later in the year, mortgage rates will remain well below their historical average, so financing a house or condo will still be pretty cheap.

Since 1970, the average cost of a 30-year, fixed-rate mortgage has been about 8.8%.

And remember, those are all average costs. Savvy borrowers with decent credit can almost always pay a quarter to half point less than that to finance a home with a loan like the one from Epic.

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