 A fixed-rate mortgage provides
you with the security of having the same interest rate over
the life of the loan.
Terms: 10 to 40 years
Loan-to-Value: Loan-to-value
refers to the ratio of the mortgage loan's principal to the
property's appraised value or its sales price, whichever
is lower. For fixed rate loans, the maximum LTV is 100%.
Loan Amount Limits: Maximum
of $417,000. Higher loan amounts available for two, three
and four units. A jumbo limited term product is available
to $2,000,000.
In addition, Regions offers government-supported fixed-rate
financing options such as FHA loans, which are backed by
the Federal Housing Administration, and VA loans, which are
available to American war veterans or individuals who have
served a specific time in the armed forces. Please contact
your nearest Regions office for terms, loan limits and other
details on FHA and VA loans.
Sample Fixed Rate Mortgage Payment
Schedule
| Amortization Term: |
10 Years |
30 Years |
| Loan Amount: |
$80,000.00 |
$80,000.00 |
| Loan to Value %: |
80% |
80% |
| Interest Rate: |
6.000% |
6.000% |
| APR: |
6.201% |
6.131% |
| Payment: |
$888.17 |
$479.65 |
|
This is a sample payment schedule,
provided in accordance with Regulation Z, Truth-In-Lending,
section 226.24(c)(2)(ii)&(iii). Loan specific disclosures
will be provided upon application. |
|
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