Mortgage Rates

40400 Garfield Road
Clinton Township, MI 48038
586.263.8800 . 586.263.8285 (fax)
service@msgcu.org

Mortgage rates for 7/29/2010

First Mortgage Fixed Rate Loans - Monthly
Term	Rates as low as	Points	APR*
30 Year	4.750%	0.25%	4.779%
20 Year	4.625%	0.25%	4.665%
15 Year	4.125%	0.25%	4.206%
10 Year	4.000%	0.25%	4.086%

Example: A loan amount of $150,000 at 4.75% for 360 months would have a monthly payment of $782.47.

First Mortgage Fixed Rate Loans - Bi-Weekly
Term	Rates as low as	Points	APR*
30 Year	5.750%	0.25%	5.780%
20 Year	5.625%	0.25%	5.666%
15 Year	5.375%	0.25%	5.426%
10 Year	5.250%	0.25%	5.322%

Example: A loan amount of $150,000 at 5.750% for 30 years would have a bi-weekly payment of $437.68.

Adjustable Rate Mortgages
Term	Rates as low as	Points	APR*
1/1	3.500%	0.25%	7.145%
3/1	3.750%	0.25%	6.599%
5/1	4.375%	0.25%	6.364%
7/1	4.750%	0.25%	6.248%

Example: A loan amount of $150,000 at 4.375% for the first five years would have a monthly payment of $748.93. The payment adjusts annually thereafter based on current market rates.

Balloon Mortgages - 30 Year Amortization.*
Term	Rates as low as	Points	APR*
7 Year Balloon	5.250%	0.25%	5.310%
10 Year Balloon	5.375%	0.25%	5.422%

*(with Refi) Monthly payments only

Example: A loan amount of $150,000 at 5.25% for 360 months would have a monthly payment of $828.31.

Interest Only Mortgages
Term	Rates as low as	Points	APR*
30 Year Fixed	6.125%	0.25%	6.152%
3/1 ARM	4.000%	0.25%	6.696%
5/1 ARM	4.750%	0.25%	6.557%
7/1 ARM	5.000%	0.25%	6.415%

Example: A loan amount of $150,000 at 4.750% on a 5/1 Adjustable Rate Mortgage would have an interest-only payment of $593.75. You can adjust a maximum of 2%, up or down, and the loan payment converts to principal.

Bridge Loan
Term	Rates as low as	Points	APR*
1 Year	4.250%	0.25%	4.250%

Example: A loan amount of $50,000 at 4.250% for one year would have a quarterly interest-only payment of $531.25.

Vacant Land Loans
Term	Rates as low as	Points	APR*
3/1 ARM	4.750%	0.25%	6.918%

This interest rate is based on 10 acres or less. For parcels in excess of 10 acres, contact our Mortgage Department at 586.263.8800, option 4 for more information.

Example: A loan amount of $50,000 at 4.750% would have a monthly payment of $260.82 for the first three years. The payment adjusts annually thereafter based on current market rates.

* APR refers to Annual Percentage Rate

Federally Insured by NCUA

We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.

Any Questions? service@msgcu.org

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