Mortgages
RMC Vanguard’s 30-year mortgage costs less than 4%, no points
Here's a good deal on a good mortgage to start the year off right.
RMC Vanguard Mortgage is charging 3.99% on 30-year, fixed-rate home loans with no points and only $800 in lender fees.
This offer is available in 21 states, and you'll find the interest rate is a quarter of a point lower than the national average of 4.21% for these loans.
That is way better than the first deal we wrote about last year – a 30-year, fixed-rate loan from Alpine Mortgage Services.
Just 12 months ago, the best loans like that were charging 4.75% with no points.
With the RMC Vanguard mortgage your principal and interest payment would be $477 a month for every $100,000 borrowed.
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 off the loan.
RMC Vanguard Mortgage is a direct lender based in Houston that's earned a coveted A+ rating with the Better Business Bureau.
It's licensed to write mortgages in Alabama, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Maryland, Michigan, New Mexico, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia and Washington.
To qualify for this loan, you'll need a credit score of 740 or higher. You also must be applying for a loan of less than $417,000 and be purchasing or refinancing a home to use as your primary residence.
Click here to compare this deal with the best mortgage rates from scores of other lenders in your area.
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