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| What are your interest rates? And what are my payments? |
Each borrower has different lending criteria. Generally speaking a new first mortgage can range from 8.75%-11% APR**, for a second mortgage rates range anywhere from 12-18% APR** based on the credit risk and a multitude of other factors. Below is an example diagram illustrating payments based on a $25,000, $50,000, $75,000 and $100,000 mortgage.
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Mortgage Amount |
Interest Rate (%) |
Monthly Payment |
1st Mortgage |
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1st Mortgage |
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1st Mortgage |
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1st Mortgage |
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2nd Mortgage |
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2nd Mortgage |
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2nd Mortgage |
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2nd Mortgage |
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**APR = Annual Percentage Rat
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The above illustration is an example only and is based on our lowest rates offered, interest only payments, these figures and payments may vary based on your borrowing criteria and qualification |
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