MyRefiCompanion.com is a for-profit advertising company and provides marketing services for various companies, including lenders and/or lending partners, who we promote and generate leads for. We receive compensation, in the form of referral fees, from the lenders and/or lending partners, or other offers that we direct you to, when a user completes an action using our links or for forwarding your information to these companies.The information you provide to us is provided to these companies in real time. This compensation may impact which lender and/or lending partners you are matched to.
The information contained in MyHomeEquityCompanion.com should not be conceived as legal, financial or investment advice nor as an endorsement of any of the products or services referenced in MyHomeEquityCompanion.com. As disclosed in the Terms and Conditions all information on MyHomeEquityCompanion.com is subject to change. MyHomeEquityCompanion.com does not contain an exhaustive list of all lending or insurance partners in each category.
Additionally the operator of this site is not a lender, does not broker loans to lenders and/or lending partners and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender and/or lending partner and does not endorse or charge you for any service or product. Again, we may receive compensation from the lender and/or lending partner for forwarding your information to them. This Site does not guarantee that a provider will accept your request or that their products or services will meet your needs. Their services and products may or may not be the best product or service available on the market.
Key Terms:
Rate: The amount you'll pay each year to borrow the money, expressed as a percentage.
APR: APR takes the interest rate of the loan and adds it to certain fees paid by the borrower at closing, including the upfront cost we display on each offer. APR shows which loan is less expensive over the full term of the loan.
Monthly (Mo.) payment: The monthly payment shown includes both principal and interest payment. It does not include your private mortgage insurance (PMI), which your lender may require if your down payment is less than 20 percent of your purchase price.
Fees: The upfront costs shown are charged by the lender for originating the loan. These fees are commonly labeled as Origination, Application, Processing, Underwriting, or Administrative fees on the Loan Estimate.
Assumptions:
Loan Amount: 30-Year Fixed: $200,000 | 15-Year Fixed: $250,000
Credit Score: 780+
Loan to Value: Above 80%
Home Type: Single Family Home
Term
Rate
APR
Mo Payment
Fees
30-Year Fixed
5.25%
5.48%
$1,104
$4,991
15-Year Fixed
4.63%
5.03%
$1,928
$6,573
Repayment options may vary based on credit qualifications. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Payment amounts shown do not include taxes, insurance or Private Mortgage Insurance which will impact the monthly payment amount until required LTV is met. Interest rates and program terms are subject to change without notice. Other restrictions may apply. Loan details based on recent bankrate.com data.
