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NotCranky.
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October 14, 2009 at 8:46 AM #469420October 14, 2009 at 8:56 AM #468607
nocommonsense
ParticipantNo, it’s based on a 5.5% jumbo (mid 400s balance) with one point. I enjoy your show Sheldon but don’t hear it often due to odd hours. Too bad we’re just a bit short of cash to come below conforming.
The house is in 4S Ranch.
Like I said, we’re only considering it because overall it’s close to being “perfect”.
October 14, 2009 at 8:56 AM #468789ParticipantNo, it’s based on a 5.5% jumbo (mid 400s balance) with one point. I enjoy your show Sheldon but don’t hear it often due to odd hours. Too bad we’re just a bit short of cash to come below conforming.
The house is in 4S Ranch.
Like I said, we’re only considering it because overall it’s close to being “perfect”.
October 14, 2009 at 8:56 AM #469150ParticipantNo, it’s based on a 5.5% jumbo (mid 400s balance) with one point. I enjoy your show Sheldon but don’t hear it often due to odd hours. Too bad we’re just a bit short of cash to come below conforming.
The house is in 4S Ranch.
Like I said, we’re only considering it because overall it’s close to being “perfect”.
October 14, 2009 at 8:56 AM #469222ParticipantNo, it’s based on a 5.5% jumbo (mid 400s balance) with one point. I enjoy your show Sheldon but don’t hear it often due to odd hours. Too bad we’re just a bit short of cash to come below conforming.
The house is in 4S Ranch.
Like I said, we’re only considering it because overall it’s close to being “perfect”.
October 14, 2009 at 8:56 AM #469434ParticipantNo, it’s based on a 5.5% jumbo (mid 400s balance) with one point. I enjoy your show Sheldon but don’t hear it often due to odd hours. Too bad we’re just a bit short of cash to come below conforming.
The house is in 4S Ranch.
Like I said, we’re only considering it because overall it’s close to being “perfect”.
October 14, 2009 at 9:03 AM #468612Aecetia
ParticipantI hope you did your homework on 4S. There have been many posts about it, both pro and con.
October 14, 2009 at 9:03 AM #468794ParticipantI hope you did your homework on 4S. There have been many posts about it, both pro and con.
October 14, 2009 at 9:03 AM #469155ParticipantI hope you did your homework on 4S. There have been many posts about it, both pro and con.
October 14, 2009 at 9:03 AM #469227ParticipantI hope you did your homework on 4S. There have been many posts about it, both pro and con.
October 14, 2009 at 9:03 AM #469439ParticipantI hope you did your homework on 4S. There have been many posts about it, both pro and con.
October 14, 2009 at 9:23 AM #468627HLS
ParticipantOK,,
But with an additional cost I can do high balance/jumbo at 4.375% also, not just below $417K.Although the upfront cost might be $5K-$10K higher, if you plan on staying there for the long haul, you will save tens of thousands of dollars over the life of the loan, GUARANTEED.
Saving 1.125% in rate will save you over $5000 in interest just the first year… your payments will be lower FOREVER…when you figure out the guaranteed savings, try to do whatever you can to buy the rate down, even if the loan is above $417K..
Was this option even explained to you ??
Please let me know if you need a better explanation. As you have decided that you want the house, I would even consider a credit card cash advance OR 401K loan to get to the lower rate if necessary.BTW, there are archives of past shows on my website. Listen anytime you want! HLS
October 14, 2009 at 9:23 AM #468809ParticipantOK,,
But with an additional cost I can do high balance/jumbo at 4.375% also, not just below $417K.Although the upfront cost might be $5K-$10K higher, if you plan on staying there for the long haul, you will save tens of thousands of dollars over the life of the loan, GUARANTEED.
Saving 1.125% in rate will save you over $5000 in interest just the first year… your payments will be lower FOREVER…when you figure out the guaranteed savings, try to do whatever you can to buy the rate down, even if the loan is above $417K..
Was this option even explained to you ??
Please let me know if you need a better explanation. As you have decided that you want the house, I would even consider a credit card cash advance OR 401K loan to get to the lower rate if necessary.BTW, there are archives of past shows on my website. Listen anytime you want! HLS
October 14, 2009 at 9:23 AM #469169ParticipantOK,,
But with an additional cost I can do high balance/jumbo at 4.375% also, not just below $417K.Although the upfront cost might be $5K-$10K higher, if you plan on staying there for the long haul, you will save tens of thousands of dollars over the life of the loan, GUARANTEED.
Saving 1.125% in rate will save you over $5000 in interest just the first year… your payments will be lower FOREVER…when you figure out the guaranteed savings, try to do whatever you can to buy the rate down, even if the loan is above $417K..
Was this option even explained to you ??
Please let me know if you need a better explanation. As you have decided that you want the house, I would even consider a credit card cash advance OR 401K loan to get to the lower rate if necessary.BTW, there are archives of past shows on my website. Listen anytime you want! HLS
October 14, 2009 at 9:23 AM #469242ParticipantOK,,
But with an additional cost I can do high balance/jumbo at 4.375% also, not just below $417K.Although the upfront cost might be $5K-$10K higher, if you plan on staying there for the long haul, you will save tens of thousands of dollars over the life of the loan, GUARANTEED.
Saving 1.125% in rate will save you over $5000 in interest just the first year… your payments will be lower FOREVER…when you figure out the guaranteed savings, try to do whatever you can to buy the rate down, even if the loan is above $417K..
Was this option even explained to you ??
Please let me know if you need a better explanation. As you have decided that you want the house, I would even consider a credit card cash advance OR 401K loan to get to the lower rate if necessary.BTW, there are archives of past shows on my website. Listen anytime you want! HLS
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