Check out today’s featured rates below to get started, but don’t stop there. At Liberty Bank, we pride ourselves on knowing your name and offering you the guidance you need to make smart financial decisions.
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Product | Rate | APR* |
---|---|---|
30-Year Fixed | 6.500% | 6.576% |
15-Year Fixed | 6.000% | 6.124% |
10-Year Fixed | 5.875% | 6.050% |
The information provided assumes the purpose of the loan is to purchase a property, with a {down_payment}% down payment for a loan amount of ${loan_amount} and an estimated property value of $437,500. The property is located in Chicago, IL and is within Cook county. The property is an existing single-family home and will be used as a primary residence. An escrow account is required. The rate lock period is 60 days and the assumed credit score is {credit_score}.
At a {rate} interest rate, the APR for this loan type is {apr}. The payment schedule would be:
Terms subject to credit approval. The actual payment will be higher if mortgage insurance is required on your loan. The payment examples do not include amounts for taxes and insurance premiums. Your actual payment obligation will be greater considering taxes and insurance premiums.
*Annual Percentage Rate. Click product name for details.
Product | Rate | APR* |
---|---|---|
7/1 ARM | 6.250% | 6.641% |
5/1 ARM | 6.000% | 6.620% |
*Annual Percentage Rate. **Click for details.
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With us, you get unbiased advice, straightforward pricing, and a team ready to drop everything at any moment to help you out. Our only incentive is to do right by you. That’s a promise.
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7/1 ARM: At a 6.250% interest rate / 6.641% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 84 payments of $2,155.01 and 276 payments of $3,197.63 based on the fully indexed rate and margin of 6.875%. ARM rate fixed for 7 years, adjusts annually thereafter and is subject to an initial interest rate cap of 5.00%, and annual rate cap of 2.00% and a lifetime cap of 5.00%.
5/1 ARM: At a 6.000% interest rate / 6.620% APR, with a 740 credit score and a 20% down payment on a property with an estimated value of $437,500 and a $350,000 loan, the payment schedule would be: 60 payments of $2,098.43 and 300 payments of $3,170.80 based on the fully indexed rate and margin of 6.875%. ARM rate fixed for 5 years, adjusts annually thereafter and is subject to an initial interest rate cap of 2.00%, and annual rate cap of 2.00% and a lifetime cap of 5.00%.