Grand Bank, N.A-We respond to all your mortgage needs with our competitive

Home

Products

Loan Center

About Us

FAQ

Resources

My Account

Apply Now

Rates	Points	APR
OUR GRAND INTEREST ONLY MORTGAGES ARE A GREAT WAY TO KEEP YOUR MONTHLY EXPENSES LOWER AND FOR YOU TO QUALIFY FOR THAT DREAM HOME! FOR EXAMPLE, LET'S SAY YOU WANTED TO PURCHASE A $325,000 HOME AND YOU HAD $75,000 TO PUT DOWN. YOU MTG AMOUNT WOULD BE $250,000. ON A 30 YEAR FIXED WITH AN INTEREST RATE OF 6.50%( APR 6.665%) YOUR MONTHLY P&I PAYMENT WOULD BE $1,580.17 HOWEVER... ON A 7/1 ARM INTEREST ONLY WITH AN INTEREST RATE OF 6.50( APR 7.499%),* YOUR PAYMENT WOULD BE $1,354.17 A TOTAL MONTHLY SAVINGS OF $226.00 WHICH LOAN IS RIGHT FOR ME? Years you plan to stay in the house Recommended program 1-3 3/1 ARM 3-5 5/1 ARM 5-7 7/1 ARM 7-10 10/1 ARM, 30 or 15 yr fixed 10+ 30 or 15 year fixed Besides our standard loan programs, we also have a large number of unique programs to serve your need: -Interest Only -No Income Verification -No Income No Asset Verification -First Time Home Buyers -Piggyback loans 80-10-10 or 80-15-5. No Private Mortgage Insurance (PMI) payments even with 5% or 10% down. THE APR (ANNUAL PERCENTAGE RATE) ASSUMES 20% DOWN. DOWNPAYMENTS OF LESS THAN 20% REQUIRE PMI WHICH WILL INCREASE THE APR. *ARM PRODUCTS ARE VARIABLE AND INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN EXAMPLES ARE FOR ILLUSTRATIVE PURPOSES ONLY AND YOUR TRANSACTION MAY DIFFER.

30 Year Fixed Up to $400,000
30 Year Fixed JUMBO
15 Year Fixed Up To $400,000
15 Year Fixed JUMBO
*7/1 ARM
*5/1 ARM
*5/1 ARM JUMBO
*7/1 ARM Interest Only
*5/1 ARM Interest Only
Rates last updated on Friday, April 28, 2006
30 Year Fixed Up to $400,000 Term: 30 years
6.5%	0%	6.695%

30 Year Fixed JUMBO Term: 30 years Maximum Amount: $800,000
Rates	Points	APR
6.625%	0%	6.822%

15 Year Fixed Up To $400,000 Term: 15 years
Rates	Points	APR
6.25%	0%	6.569%

15 Year Fixed JUMBO Term: 15 years Maximum Amount: $800,000
Rates	Points	APR
6.375%	0%	6.695%

7/1 ARM ARM PRODUCTS ARE VARIABLE AND INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN Term: 30 years Maximum Amount: $333,700
Rates	Points	APR
6.5%	0%	7.542%

5/1 ARM ARM PRODUCTS ARE VARIABLE AND INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN Term: 30 years
Rates	Points	APR
6.5%	0%	7.762%

*5/1 ARM JUMBO ARM PRODUCTS ARE VARIABLE & INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN Term: 30 years
Rates	Points	APR
6.5%	0%	7.762%

7/1 ARM Interest Only ARM PRODUCTS ARE VARIABLE AND INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN Term: 30 years Maximum Amount: $333,700
Rates	Points	APR
6.5%	0%	7.499%

5/1 ARM Interest Only ARM PRODUCTS ARE VARIABLE AND INTEREST RATES ARE SUBJECT TO CHANGE OVER THE TERM OF THE LOAN Term: 30 years Maximum Amount: $333,700
Rates	Points	APR
6.5%	0%	7.771%

CARNEGIE MORTGAGE 800-321-9445 800-234-3459 RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $650,000 with closing costs of $13,000. Your actual APR may be different depending upon these factors.