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Special 1/2 Point Reduction Toward Closing Costs

Buying a home is a big decision, but with Xceed’s purchase promotion, that decision just got a little easier!

From now through June 30, 2019, you can enjoy a special 1/2 point reduction toward your closing costs or rate. On a $450,000 loan, this means up to $11,538 in savings over the life of the loan!1 We’ve put together a few examples of just how much this special offer could help you save:

30-Year Loan Amount Closing Cost Credit Interest Savings Over the Life of the Loan

30-Year Loan Amount

$150,000

Closing Cost Credit

$750

Interest Savings Over the Life of the Loan

$3,938

30-Year Loan Amount

$300,000

Closing Cost Credit

$1,500

Interest Savings Over the Life of the Loan

$7,873

30-Year Loan Amount

$450,000

Closing Cost Credit

$2,250

Interest Savings Over the Life of the Loan

$11,538

 

 

¹APR=Annual Percentage Rate. Payment example for $450,000 loan amount at 3.875% + 1.125 points (4.029% APR) with 360 monthly payments is $2,116.07. After applying the ½ point reduction to lower the rate, a $450,000 loan amount at 3.75% + 1.25 points (3.956% APR) with 360 monthly payments is $2,084.02, saving $11,538 over the life of the loan. Or you can save $2,250 off closing costs upfront. Actual rates may vary based on credit history, term, loan amount, and underwriting factors. Rate quote based on owner-occupied, single family residence purchase at 60% loan to value and a borrower with excellent credit. Payment does not include taxes and insurance. This is not a commitment to lend. Credit and collateral are subject to approval. Other rate, cost and payment comparisons are available. Contact us for a free quote. Points paid for a lower rate on a purchase loan may be tax deductible. Ask your tax advisor for details. Cannot be combined with any other offer.

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