aimloan.com – Page 3 – Piggington's Econo-Almanac

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February 27, 2008 at 9:01 AM #161074

Raybyrnes
Participant

HLS

I am not certain if you said it but I agree that calling around is simply a matter of finding the biggest liar if asking for rates.

Want to get your thought on asking more relevant question such as par rates, indexes the loasn are based off of, qualifying standard in terms of debt to equity, fico score etc.

If you know the box that you fit then it make it easier to narrow down who is going to be most competitiive for your loan.

February 27, 2008 at 9:05 AM #160680

HLS
Participant

To know what you MIGHT qualify for, here are a few of the factors for the BEST RATE conforming refi loan amount of $417K or under..with a 30 day lock,
NO prepayment penalty,
FULL DOC loan
Financial Reserves (of more than $3.99)
First lien only (NO 2nd, NO HELOC)
NOT taking any cash out
NOT paying off a HELOC (not used to purchase)
Primary Residence
Single Family Home
80% LTV or less
WITH an impound account
Credit score of 680 or higher
NO late mortgage payments in at least 12 months.

Depending on your other monthy debts,
If you don’t meet ALL of the above, you probably don’t qualify for the best rates.

As of 9am today SUBJECT TO CHANGE
the PAR rates for
30 YR fixed is 6.125%
15 YR fixed is 5.375%

Today, a 4.50% 15 YR fixed would cost 3pts in buydown fee to the lender IN ADDITION TO all the other costs.

Rates can change all day, everyday, until they are locked in. One month ago, there were NO points needed to get a 15 YR fixed at below 4.50%.

February 27, 2008 at 9:05 AM #160979

HLS
Participant

To know what you MIGHT qualify for, here are a few of the factors for the BEST RATE conforming refi loan amount of $417K or under..with a 30 day lock,
NO prepayment penalty,
FULL DOC loan
Financial Reserves (of more than $3.99)
First lien only (NO 2nd, NO HELOC)
NOT taking any cash out
NOT paying off a HELOC (not used to purchase)
Primary Residence
Single Family Home
80% LTV or less
WITH an impound account
Credit score of 680 or higher
NO late mortgage payments in at least 12 months.

Depending on your other monthy debts,
If you don’t meet ALL of the above, you probably don’t qualify for the best rates.

As of 9am today SUBJECT TO CHANGE
the PAR rates for
30 YR fixed is 6.125%
15 YR fixed is 5.375%

Today, a 4.50% 15 YR fixed would cost 3pts in buydown fee to the lender IN ADDITION TO all the other costs.

Rates can change all day, everyday, until they are locked in. One month ago, there were NO points needed to get a 15 YR fixed at below 4.50%.

February 27, 2008 at 9:05 AM #160993

HLS
Participant

To know what you MIGHT qualify for, here are a few of the factors for the BEST RATE conforming refi loan amount of $417K or under..with a 30 day lock,
NO prepayment penalty,
FULL DOC loan
Financial Reserves (of more than $3.99)
First lien only (NO 2nd, NO HELOC)
NOT taking any cash out
NOT paying off a HELOC (not used to purchase)
Primary Residence
Single Family Home
80% LTV or less
WITH an impound account
Credit score of 680 or higher
NO late mortgage payments in at least 12 months.

Depending on your other monthy debts,
If you don’t meet ALL of the above, you probably don’t qualify for the best rates.

As of 9am today SUBJECT TO CHANGE
the PAR rates for
30 YR fixed is 6.125%
15 YR fixed is 5.375%

Today, a 4.50% 15 YR fixed would cost 3pts in buydown fee to the lender IN ADDITION TO all the other costs.

Rates can change all day, everyday, until they are locked in. One month ago, there were NO points needed to get a 15 YR fixed at below 4.50%.

February 27, 2008 at 9:05 AM #161010

HLS
Participant

To know what you MIGHT qualify for, here are a few of the factors for the BEST RATE conforming refi loan amount of $417K or under..with a 30 day lock,
NO prepayment penalty,
FULL DOC loan
Financial Reserves (of more than $3.99)
First lien only (NO 2nd, NO HELOC)
NOT taking any cash out
NOT paying off a HELOC (not used to purchase)
Primary Residence
Single Family Home
80% LTV or less
WITH an impound account
Credit score of 680 or higher
NO late mortgage payments in at least 12 months.

Depending on your other monthy debts,
If you don’t meet ALL of the above, you probably don’t qualify for the best rates.

As of 9am today SUBJECT TO CHANGE
the PAR rates for
30 YR fixed is 6.125%
15 YR fixed is 5.375%

Today, a 4.50% 15 YR fixed would cost 3pts in buydown fee to the lender IN ADDITION TO all the other costs.

Rates can change all day, everyday, until they are locked in. One month ago, there were NO points needed to get a 15 YR fixed at below 4.50%.

February 27, 2008 at 9:05 AM #161079

HLS
Participant

To know what you MIGHT qualify for, here are a few of the factors for the BEST RATE conforming refi loan amount of $417K or under..with a 30 day lock,
NO prepayment penalty,
FULL DOC loan
Financial Reserves (of more than $3.99)
First lien only (NO 2nd, NO HELOC)
NOT taking any cash out
NOT paying off a HELOC (not used to purchase)
Primary Residence
Single Family Home
80% LTV or less
WITH an impound account
Credit score of 680 or higher
NO late mortgage payments in at least 12 months.

Depending on your other monthy debts,
If you don’t meet ALL of the above, you probably don’t qualify for the best rates.

As of 9am today SUBJECT TO CHANGE
the PAR rates for
30 YR fixed is 6.125%
15 YR fixed is 5.375%

Today, a 4.50% 15 YR fixed would cost 3pts in buydown fee to the lender IN ADDITION TO all the other costs.

Rates can change all day, everyday, until they are locked in. One month ago, there were NO points needed to get a 15 YR fixed at below 4.50%.

February 27, 2008 at 10:46 AM #160791

contraman
Participant

HLS, as a fellow broker here on the pig….well said. You can’t explain it any better than that…..

Once again, everyone don’t pitch companies on here with unrealistic quotes and pricing.

Sincerely, Contraman

February 27, 2008 at 10:46 AM #161085

contraman
Participant

HLS, as a fellow broker here on the pig….well said. You can’t explain it any better than that…..

Once again, everyone don’t pitch companies on here with unrealistic quotes and pricing.

Sincerely, Contraman

February 27, 2008 at 10:46 AM #161102

contraman
Participant

HLS, as a fellow broker here on the pig….well said. You can’t explain it any better than that…..

Once again, everyone don’t pitch companies on here with unrealistic quotes and pricing.

Sincerely, Contraman

February 27, 2008 at 10:46 AM #161121

contraman
Participant

HLS, as a fellow broker here on the pig….well said. You can’t explain it any better than that…..

Once again, everyone don’t pitch companies on here with unrealistic quotes and pricing.

Sincerely, Contraman

February 27, 2008 at 10:46 AM #161189

contraman
Participant

HLS, as a fellow broker here on the pig….well said. You can’t explain it any better than that…..

Once again, everyone don’t pitch companies on here with unrealistic quotes and pricing.

Sincerely, Contraman

February 27, 2008 at 10:53 AM #160812

Raybyrnes
Participant

Is full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?

February 27, 2008 at 10:53 AM #161106

Raybyrnes
Participant

Is full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?

February 27, 2008 at 10:53 AM #161122

Raybyrnes
Participant

Is full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?

February 27, 2008 at 10:53 AM #161141

Raybyrnes
Participant

Is full doc 3 or 5 years tax returns or is tha currently changing from bank to bank?
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