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* Refinance Rates at 2.3%. Example assumes a $300,000, 5-year Adjustable Rate Mortgage (ARM) with an initial fixed rate of 2.25%, and $2,286 lender fees due at closing. The Annual Percentage Rate (APR) is 2.985%. Rate is variable. Monthly payment of $1,147 is fixed for the first five years and does not include taxes and insurance. After five years, the interest rate and payment will adjust every year and equal the total of the ARM index of 1.047% (LIBOR index) plus a margin of 2.25%. The maximum annual increase in interest rate is 2% and the maximum lifetime rate increase is 5% above the initial interest rate. This loan is amortized over 30 years. The example assumes a consumer with excellent credit with a loan to value (LTV) ratio of 70% or less on a primary residence. This program is available as of April 30, 2012 from a participating Service Provider. Rates and terms offered may vary depending on your credit history, amount of equity in the property, location, type of property, verification of information and other factors. Rates are subject to change without notice. SearchLocalRates.com is a member of the CompareNationalRates.com network and is an advertiser supported search engine. We are not a lender or broker. When you choose to inquire with a lender or broker who advertises on SearchLoca lRates.com,your information remains between you and that lender(s). Advertisers are solely responsible for keeping their information current. Use of this web site constitutes acceptance of the CompareNationalRates.com User Agreement and Privacy Policy.