Word: flagstar
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...AVOID BANK * YIELD OPEN FEES Presidential On-Line Bank 6.00% 2,500 1,000 American Bank 6.25%** 1 0 Everbank.com 6.01% 1,500 1,500 Flagstar Bank, FSB 5.00% 2,000 500 First Internet Bank...
LOAN HOME Now you can get a home-mortgage loan for no money down and no mortgage insurance. Flagstar Bank charges 9.875% in interest on a 30-year fixed mortgage. (The national average is 8.47%.) If you take out a loan for $200,000, your monthly payments will be $1,737. HSH Associates surveyed other lenders who would match the no money down with an 8.92% rate. Monthly payments: $1,597, but you'd still have to pay an annual $200 mortgage-insurance bill. At least Flagstar lets you finance your closing costs...