Home Loan Rates - First Mortgages - 30 to 40 year terms For Home Mortgages rates with our partner Centennial Lending - call 602-252-6831 or visit online at www.centennial-lending.com. Rates change daily. Home Equity Line of Credit Rates Effective May 1, 2008 Loan to Value Credit Score Under 80% 81%-89% 90% and up 680 and up 5.00% 5.50% 6.00% 651-679 7.00% 7.50% 8.00% 600-650 9.00% 9.50% 10.00% Wall Street Prime as of 5/1/08 is 5.00%.. This is a variable interest rate loan changes are January 1 and July 1. Your margin and rate is dependent on credit and loan to value. Payment is based on 1.25% of your outstanding balance. Maximum interest rate is 16%. There are no closing costs and no annual fees. If the loan is paid off in the first two years, there is a $300 prepayment penalty. This is for owner occupied Arizona properties only. 15 Year Fixed Rate Mortgage Effective May 1, 2008 Loan to Value Credit Score Under 80% 81%-89% 90% and up 680 and up 5.25% 5.50% 5.75% 651-679 7.25% 7.50% 7.75% 600-650 9.25% 9.50% 9.75% This is a fixed interest rate loan. Rate is dependent on credit and loan to value. The monthly payment for a $40,000 mortgage at 8.75% for 15 years is $399.78. This is for owner occupied Arizona properties only. * Rates are subject to change without notice and any mortgage rate quoted is not firm until it is locked in by writing.