"We don't care so much about being the biggest but we care very deeply about being the best - and when you're the best, size takes care of itself."

No-Points / No Closing Cost Rates

You can also reach us via instant messenger to "LOANMAX" on Yahoo Instant Messenger OR "LOANMAX" on AOL/AIM


Lock your rate now with a simple phone call or email.
 

Rates below offered by our lenders are the same for a purchase OR rate and term refinance transaction.
45 OR 60-Day lock-ins for purchases may be available from our lenders at the same rate and points as 30-day locks. ALL refinance loan lock-ins we arrange with our lenders are for 30-days ONLY!
As a Mortgage Broker in Massachusetts, LoanMax, Inc. arranges but does not make mortgage loans.
 

Rates are good for 
Purchase OR Refinance transactions!

Lock your rate today with with a simple phone call and NO Lock-In Fee!

Look Out! Don't be fooled!
LoanMax will refund the cost of your appraisal and credit report
which means our loan truly costs you nothing! Other brokers or lenders may not refund fees paid upfront.
(And need we say you should not apply with brokers or lenders that won't let you lock in today or say 
"you have to meet them in person" before you can lock! 
 It could be the old "bait and switch game"! We'll lock your rate with one of our lenders today! Right now!)
Toll-Free 1-877-LoanMax 
(1-877-562-6629 or local 508-869-0360)

Call or E-mail with any questions about our No Cost Loans

 If Your Loan Amount is between...

Your ZERO-COST
Interest Rate for a term of 
20, 25 or 30 years is...

 Your ZERO-COST
Interest Rate for a term of 
15 years
is...

APR

$375,000 to $417,000
(purchases require 5% minimum down payment)

Please call
or email us
for LOW
rates
Checking email nightly until 10 PM

Please call
or email us
for LOW
rates


same as rate 

 $300,000 to $374,999
 (purchases require 5% minimum down payment)

Please call
or email us
for LOW
rates

Please call
or email us
for LOW
rates

same as rate 

 $250,000 to $299,999
(purchases require 5% minimum down payment)

Please call
or email us
for LOW
rates

Please call
or email us
for LOW
rates

same as rate 

 $200,000 to $249,999
(purchases require 5% minimum down payment)

Please call
for
LOW
rates

Please call
for
LOW
rates

same as rate 

 $150,000 to $199,999
(purchases require 5% minimum down payment)

Please call
for
LOW
rates

Please call
for
LOW
rates

same as rate 

 $000,000 to $124,999
(purchases require 5% minimum down payment)

Not Available and
 no points / no closing costs

Not Available and
no points / no closing costs

same as rate 

*Our no-points, no-closing cost loan ALSO pays for the lender's title insurance. Some lenders make you pay for this out of your pocket! 
Rates / Costs do not include pre-paid interest, real estate taxes, hazard insurance and PMI if applicable, due at closing. 2-4 family properties/ADD $200 for extra cost of appraisals.

Rates quoted are for purchase, rate and term refinance transactions OR cash-out refinance transactions up to 70% of the value of the property. For cash-out refinance transactions exceeding 70% of the value of the property, rates MAY be higher. Call us to find out...
LoanMax will not assume the extra cost of a title search due to "clearing" of estates (if a current owner has passed away and the property has not gone through Probate Court) or in some cases the extra cost of a special title search due to changes of title to a property due to changing of boundary lines, clearing of estates, probations of wills, etc. ALSO - if your property is what is considered "Registered Land" (this is very rare) - there may be a small fee for the extra cost of the title search.

LoanMax also will pay for only ONE recording on properties where there are multiple lots, or for properties that consist of both recorded and registered land where multiple recordings and assignments are required. This will cost you approximately $300 out of your pocket depending on property and registry location. LoanMax will not pay for the cost of recording a subordination agreement for a second lien on your property and you are also responsible for any cost associated with obtaining that subordination the second lien lender may charge you.

Properties requiring a re-inspection by the appraiser (new construction, etc.) ADD $100.00 

Real Estate taxes and Home Owner's Insurance will be collected as part of your monthly payment at the rates shown above. IF you have 20% equity or a 20% down payment and wish to pay these items on your own (not part of your payment to the lender) - please add 1/8 % to the rate shown above OR you must pay the escrow waiver fee which is 1/4 point (.25% of your loan amount) paid to the lender at the closing.

IN ALL CASES, the cost of the appraisal and credit report ($295 single family/condo, $495 multi-family) will be collected UP-FRONT. $295 will be credited back to you at the closing of your loan

RATE LOCK IS GOOD FOR 30 Days
45 OR 60-Day locks MAY be available at the same rate for purchase transactions (please call though to be sure!) 
 OWNER-OCCUPIED PROPERTIES ONLY
And now the stuff we have to tell you...All Rates subject to change without notice. The information above is not an advertisement of rate nor an offer for lock-in. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Maximum Loan amount for a conforming loan is $417,000 on a single-family owner occupied home. A Jumbo Mortgage is a loan amount in excess of $417,000 on a single family home. Rates and APR's are based on amounts of $250,000 for Conforming Loans and $450,000 for Jumbo Loans with 30% equity.  Jumbo rates if shown above are for loan amounts of $417,000 or higher on a single family home and a LTV of 90% or lower with a 45 day lock period. Longer lock periods are available on all loan products.

Call Us Toll-Free, Nationwide, at 1-877- LoanMax (1-877-562-6629)
for more information
LoanMax, 81 Adams Street, Boylston, MA 01505

Mass. Mortgage Broker License # MB 1319

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