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What A One Percent Rate Reduction Can Mean


When you think of “ONE”, it doesn’t always coincide with something big or a lot. But in the case of reducing one percent in your mortgage rate – things can really add up. You could potentially save thousands of dollars over the life of your loan with just one percent rate reduction. Check out what you could save…or spend it on. Contact a Loan Advisor for details.

What one percent mortgage rate can mean to you


This is for a comparison illustration only using hypothetical interest rates. The Annual Percentage Rate (APR) calculation is based on a 30 Year-Fixed rate mortgage in the amount of $350,000 for the refinance or purchase of a single-family, primary residence at 4.50%  /4.76% APR with a monthly mortgage payment of $1,773.00 and at 3.50% /3.75%  APR for a monthly mortgage payment of $1,572.00. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. If the loan value is greater than 80%, mortgage insurance may be required, which means your monthly payment would be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions.  Terms, conditions, and rates are subject to change without notice. This does not constitute a rate commitment. Flagstar Bank, Equal Housing Lender, Member FDIC. Visit  for additional disclosures.

A Loan Advisor can provide details for specific qualified borrower’s circumstances, including current available interest rates. This is not a commitment to lend. Programs available to qualified borrowers. Subject to credit approval, underwriting approval and lender terms and conditions. Program terms available may be based on the state or county in which the financed property is located. Programs subject to change without notice. Additional restrictions may apply.

While Opes Advisors, a division of Flagstar Bank, Member FDIC, uses all reasonable efforts to ensure that this information is current, accurate and complete on the date of publication, no representations or warranties are made (express or implied) as to the reliability, accuracy or completeness of such information. Opes Advisors, a division of Flagstar Bank, Member FDIC, therefore, cannot be held liable for any loss arising or indirectly from the use of, or any action taken in reliance on, any information appearing in this.