Q:

What are some BB&T mortgage rates?

A:

Quick Answer

The mortgage interest rates for Branch Banking and Trust vary depending on a number of factors, notably the market fluctuation of overall interest rates. Additionally, a quoted mortgage rate for a house depends on factors such as personal credit score, loan amount, down-payment, and whether the residence is the primary or a secondary home.

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Full Answer

Check estimated updated mortgage rates at the Branch Banking and Trust main website. Click on Personal next to the company logo and then click on the Home Mortgage link under the Lending heading. The website features, as of 2015, the interest rate and annual percentage rate for four categories of mortgages: 30-year fixed rate, 15-year fixed rate, 30-year refinancing and 15-year refinancing.

Generally, the APR of each rate is slightly higher than the interest rate charged. The two 30-year mortgages charge the highest rates, with the refinancing variant more than the fixed rate. The 15-year fixed rate mortgage offers the lowest interest rate, as an incentive for consumers to take the quicker loan payoff plan.

The Branch Banking and Trust home mortgage web page also features a rate estimation tool. It requires information such as the loan purpose, home value and loan amount. It also looks for the home type, whether it is a primary or secondary residence and location by state and county of the property.

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