Mortgage Calculator has Low Payments with SunTrust Mortgage Rates

SunTrust Mortgage, Inc. a wholly-owned subsidiary of SunTrust Bank is marketing a smorgasbord of mortgage products and mortgage rates for home loan borrowers in Florida.  The mortgage division currently offers a 30 year fixed rate mortgage that has an interest rate of 6.125% with a 1% origination fee and an APR of 6.260%.  They also offer a 15 year fixed rate mortgage that has an interest rate of 5.000% with 0.125% discount points and an APR of 5.230%.  The mortgage payment calculator can quickly calculate a monthly mortgage payment for either of these two fixed rate mortgage loans.

In addition to those standard home loan products, the mortgage division offers a 30 year fixed rate jumbo loan at an interest rate of 7.00%, 0.25% discount points, 1.00% origination fee and an APR of 7.161%.  In the hybrid mortgage loan category they offer a 5/1 adjustable rate mortgage that has an interest rate of 6.00% a1.00% origination fee and an APR of 5.050%.  And to round out the variety of mortgage solutions, the bank offers a 30 year fixed arte FHA loan with a rate of 6.00%, a 1.00% origination fee and an APR of 6.506%.

SunTrust Bank is a $174.8 billion institution operating in Virginia, the District of Columbia, Maryland, North Carolina, South Carolina, Georgia, Alabama, Tennessee and Florida. Currently, SunTrust Mortgage, Inc. originates loans through 202 locations in SunTrust markets and adjacent states, maintains correspondent and broker relationships in 49 states and services loans in 50 states and the District of Columbia.  Statistics from the bank website based on September 2008 figures indicate that they hold a servicing portfolio of $159.3 billion. Service 952,468 mortgage loans and have 4,017 employees.

With SunTrust Mortgage, a mortgage borrower can view their current mortgage account information and pay their mortgage online.

Mortgage rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions.  For additional information, a bank representative can be reached at 800-786-8787.  Mortgage rates are available on the SunTrust website along with a variety of loan information and resources.  The web site is located at www.suntrust.com.

Tags: 15 year fixed rate mortgage, 30 year fixed rate mortgage, Florida mortgage rates, mortgage calculator, mortgage payment calculator

This entry was posted on Friday, January 2nd, 2009 at 10:41 pm and is filed under Mortgage Ads and Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.