PHH Corp. is considered a leader in the mortgage industry. With this company, millions of mortgages are closed each year. They have been providing excellent service for over 20 years. Mortgages is the company’s only focus, so they will be focused on your needs. You can get a fixed mortgage rate or an adjustable mortgage rate with 15 or 30-year terms. You need to pay attention to the PHH Corp mortgage rates for the latest rates before you apply for a mortgage. This article will give you current and up to date information about mortgage rates.
PHH Corp Current Mortgage Rates
PHHmortgage.com can give you the most current information about their mortgage rates.
(Annual Percentage Rate) Estimated Monthly Payment
|Type of Mortgage Rate||Interest Rate||APR (Annual Percentage Rate)|
|30-year fixed rate||4.410%||4.512%||$752|
|25-year fixed rate||4.410%||4.527%||$826|
|20-year fixed rate||4.100%||4.238%||$916|
|15-year fixed rate||3.660%||3.835%||$1084|
|10-year fixed rate||3.625%||3.877%||$1492|
*** Rates can change quickly, so you need to check back often to get the current rates.
Bonus read: PHH Corp Mortgage Account Login
PHH Corp Mortgage Rates Additional Information
When searching for a home, you can apply and get pre-approved for a loan. Therefore, you will know how much you can spend on your new home. The company provides numerous options for you. You can apply for a fixed rate mortgage. Fixed mortgage rates stay constant. They do not increase or decrease. The principal and interest do not change. This is a good choice if you plan to stay in your home for a long period of time.
PHH Corp. not only offers the traditional 15 and 30-year mortgage rates, they also provide the option of a 25 or 20-year mortgage rate. 30-year mortgage rates will carry lower monthly payments, but the interest rate might be slightly higher. The shorter the term, the quicker you will pay the loan, and the more money you will save.
Adjustable mortgage rate provides a fixed rate for a specific number of years, and then the rate will increase or decrease. The initial home mortgage rate will be lower, but then it will change depending on the market rate trends. If you get a higher interest rate or if you plan on staying in your home temporarily, this might be a good option. You can check the refinance mortgage rates after the initial period to see if you need to refinance with a lower rate.
Jumbo loans are also available if you need a larger amount of money that stipulated by the loan limits. You can check the jumbo mortgage rates to see if a jumbo loan might be right for you.
Take a look at this mortgage calculator to see how much you can afford.
PHH Corp. has a great website that can give you a lot of information. The website is easy to navigate and has numerous tools to help you. If you need a mortgage loan, PHH Corp mortgage rates are easy to find, and they are among the best in the business. You will then feel confident that your mortgage loan is in good hands.