This column will use four different hypothetical borrowers to compare how fixed - rate mortgage penalties are calculated. (remonline.com)
The quoted interest rate was actually higher for the conforming loan, but this was due to the fact that the lender assumed that our hypothetical borrower would agree to preauthorize monthly payment transfers. (valuepenguin.com)
We started our survey based on a hypothetical borrower profile with a $ 170,000 purchase price, 20 % down payment and a credit score of 740. (valuepenguin.com)