Payless Loans California Internet home mortgage and home loan wizards.

Helping secure your home refinance and home purchase loan needs as fast as electronically possible!

Mortgage Program	RateThis Rate column represents the Interest Rate for each Program that is available for a Rate Lock right now, provided that we have an Approval on a completed Loan Application, pursuant to our Lock Policy. Other Rates are also available, always call to confirm Rate availability.	PointsThis column represents the Rebate or Cost in percentage Points associated with the Rate advertised for each Program. This percentage, multiplied by the given Loan Amount yields a dollar value that is combined with all "non-Third Party" expenses (our Prix Fixe Origination plus the Lender Charge). If the value is negative, the effect is a reduction in cost!	APRAPR is very critical to understanding the embedded costs at any mortgage company. APR may be thought of simply in this way: The Payment calculated using your Interest Rate and the total of: "your base Loan Amount plus All Costs associated with attaining a Loan" is Exactly Equal to the Payment calculated using the APR Interest Rate and your base Loan Amount alone. APR then, is really just a fancy and semi-uniform way to summarize the contribution of all costs as they relate to Payment.	PaymentThis is the Loan Payment column calculated from the Rate of each Program using the loan Amount given in Details. Each is expressed as monthly payment of Principal and Interest only on a 30 year amortization, except as indicated otherwise. This figure does not include any other payment details, including but not limited to: taxes, impounds, HOA fees, special assessments, and insurance.	DetailsThe Details of each Program are described in the links in this column. Each program listing has a unique identifier associated with it. When speaking with or writing to a Consultant, please be sure to mention the Details identifier code for clarity.
5/1 ARM Conforming	5.500%	-0.375%	5.554%	$1,357.02	B957B8
30-Year Fixed Conforming	5.750%	-0.125%	5.827%	$1,394.74	477EC8
30-Year Fixed FHA Conforming	5.875%	0.000%	5.972%	$1,413.78	907E2A
5/1 ARM Jumbo-Conforming	6.125%	-0.125%	6.166%	$2,545.89	75E64A
30-Year Fixed Jumbo-Conforming	6.250%	-0.250%	6.278%	$2,579.86	B97EAD
† Items in green reflect rebate coming to your account pending certain conditions, applied to costs here. Call to find out more!

If you do not see a loan scenario here that fits your situation perfectly, we can fix that!

Simply Call Toll-Free at 1-800-664-7283 (664-SAVE) for assistance.

What does Payless Loans offer you, the California home loan applicant? We offer you the cost savings of nationwide competition on the Internet, plus fast online processing efficiencies. We keep a low-overhead brick-and-mortar shop and secure swift electronic data handling from our website. That makes us pretty popular and gives us volume business with the banks and lenders. In turn, they pass back discounts, rebates, perquisites, and other savings that we happily share with you. It is nothing really fancier than that. This mortgage stuff isn't rocket science after all.....

Since we know from experience who our clientele is, we know you dislike it when people assume they can bamboozle you with technical jargon and complexities about price and terms. We are helpful and accommodating as we navigate you through the process. We know that other companies out there might have a lower cost of funds than we possess on a given day, and if they do, we encourage you to go with them. However, if you want to be sure you are getting the best deal, put a quick application in the pipeline with us for your comparison, and we believe that often you will be favorably impressed. Try Us Out. Thanks.

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