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HLS.
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April 4, 2009 at 9:48 AM #376715April 4, 2009 at 9:54 AM #376103
HLS
Participant[quote=DRA]HLS,
Waht is the minimum income which would qualify for 546k?[/quote]DRA, Impossible to answer. It depends on income,assets, credit score/history, equity and total monthly debts/housing expense.
Someone who buys a $1 million dollar house has higher property taxes and insurance than someone who buys a $680K house with 20% down.
Other monthly debts including credit card, auto, education loans and other debt on a credit report factor in to an individual situation.
Please contact me for a specific quote.
http://www.HomeLoanSheldon.comApril 4, 2009 at 9:54 AM #376383Participant[quote=DRA]HLS,
Waht is the minimum income which would qualify for 546k?[/quote]DRA, Impossible to answer. It depends on income,assets, credit score/history, equity and total monthly debts/housing expense.
Someone who buys a $1 million dollar house has higher property taxes and insurance than someone who buys a $680K house with 20% down.
Other monthly debts including credit card, auto, education loans and other debt on a credit report factor in to an individual situation.
Please contact me for a specific quote.
http://www.HomeLoanSheldon.comApril 4, 2009 at 9:54 AM #376562Participant[quote=DRA]HLS,
Waht is the minimum income which would qualify for 546k?[/quote]DRA, Impossible to answer. It depends on income,assets, credit score/history, equity and total monthly debts/housing expense.
Someone who buys a $1 million dollar house has higher property taxes and insurance than someone who buys a $680K house with 20% down.
Other monthly debts including credit card, auto, education loans and other debt on a credit report factor in to an individual situation.
Please contact me for a specific quote.
http://www.HomeLoanSheldon.comApril 4, 2009 at 9:54 AM #376604Participant[quote=DRA]HLS,
Waht is the minimum income which would qualify for 546k?[/quote]DRA, Impossible to answer. It depends on income,assets, credit score/history, equity and total monthly debts/housing expense.
Someone who buys a $1 million dollar house has higher property taxes and insurance than someone who buys a $680K house with 20% down.
Other monthly debts including credit card, auto, education loans and other debt on a credit report factor in to an individual situation.
Please contact me for a specific quote.
http://www.HomeLoanSheldon.comApril 4, 2009 at 9:54 AM #376725Participant[quote=DRA]HLS,
Waht is the minimum income which would qualify for 546k?[/quote]DRA, Impossible to answer. It depends on income,assets, credit score/history, equity and total monthly debts/housing expense.
Someone who buys a $1 million dollar house has higher property taxes and insurance than someone who buys a $680K house with 20% down.
Other monthly debts including credit card, auto, education loans and other debt on a credit report factor in to an individual situation.
Please contact me for a specific quote.
http://www.HomeLoanSheldon.comApril 4, 2009 at 10:12 AM #376118ParticipantTAZ, My contact info is above.
The current cost to get down to the low 4’s is a simple math equation. For those who qualify, you will effectively prepay 2 to 3 years worth of interest to lock in a lower rate fixed for 30 years.
If the payback period is 3 years, it is like earning 33% a year on the investment, guaranteed.
Every year beyond that is additional savings. FREE money.Most people, including mortgage folks, only look at the total cost divided by the monthly payment savings, which is not exactly correct.
Anybody who qualifies and plans on staying in the loan for at least 3 years should look at this.
Even if you want to pay the loan off in full in 5 years, these are better options than being in higher rate loans.Those who don’t want to “waste money” by paying for a refi are “wasting money” every single month that they stay in a higher rate loan.
People would pee in their pants to get a 6% guaranteed return in a retirement account, but aren’t willing to understand a 33% return that is guaranteed.
Many people just don’t qualify today and are stuck in a silly rate forever because they got a “no cost” loan that will end up costing a small fortune in the long run. ,,penny wise, dollar foolish. HLS
April 4, 2009 at 10:12 AM #376398ParticipantTAZ, My contact info is above.
The current cost to get down to the low 4’s is a simple math equation. For those who qualify, you will effectively prepay 2 to 3 years worth of interest to lock in a lower rate fixed for 30 years.
If the payback period is 3 years, it is like earning 33% a year on the investment, guaranteed.
Every year beyond that is additional savings. FREE money.Most people, including mortgage folks, only look at the total cost divided by the monthly payment savings, which is not exactly correct.
Anybody who qualifies and plans on staying in the loan for at least 3 years should look at this.
Even if you want to pay the loan off in full in 5 years, these are better options than being in higher rate loans.Those who don’t want to “waste money” by paying for a refi are “wasting money” every single month that they stay in a higher rate loan.
People would pee in their pants to get a 6% guaranteed return in a retirement account, but aren’t willing to understand a 33% return that is guaranteed.
Many people just don’t qualify today and are stuck in a silly rate forever because they got a “no cost” loan that will end up costing a small fortune in the long run. ,,penny wise, dollar foolish. HLS
April 4, 2009 at 10:12 AM #376577ParticipantTAZ, My contact info is above.
The current cost to get down to the low 4’s is a simple math equation. For those who qualify, you will effectively prepay 2 to 3 years worth of interest to lock in a lower rate fixed for 30 years.
If the payback period is 3 years, it is like earning 33% a year on the investment, guaranteed.
Every year beyond that is additional savings. FREE money.Most people, including mortgage folks, only look at the total cost divided by the monthly payment savings, which is not exactly correct.
Anybody who qualifies and plans on staying in the loan for at least 3 years should look at this.
Even if you want to pay the loan off in full in 5 years, these are better options than being in higher rate loans.Those who don’t want to “waste money” by paying for a refi are “wasting money” every single month that they stay in a higher rate loan.
People would pee in their pants to get a 6% guaranteed return in a retirement account, but aren’t willing to understand a 33% return that is guaranteed.
Many people just don’t qualify today and are stuck in a silly rate forever because they got a “no cost” loan that will end up costing a small fortune in the long run. ,,penny wise, dollar foolish. HLS
April 4, 2009 at 10:12 AM #376619ParticipantTAZ, My contact info is above.
The current cost to get down to the low 4’s is a simple math equation. For those who qualify, you will effectively prepay 2 to 3 years worth of interest to lock in a lower rate fixed for 30 years.
If the payback period is 3 years, it is like earning 33% a year on the investment, guaranteed.
Every year beyond that is additional savings. FREE money.Most people, including mortgage folks, only look at the total cost divided by the monthly payment savings, which is not exactly correct.
Anybody who qualifies and plans on staying in the loan for at least 3 years should look at this.
Even if you want to pay the loan off in full in 5 years, these are better options than being in higher rate loans.Those who don’t want to “waste money” by paying for a refi are “wasting money” every single month that they stay in a higher rate loan.
People would pee in their pants to get a 6% guaranteed return in a retirement account, but aren’t willing to understand a 33% return that is guaranteed.
Many people just don’t qualify today and are stuck in a silly rate forever because they got a “no cost” loan that will end up costing a small fortune in the long run. ,,penny wise, dollar foolish. HLS
April 4, 2009 at 10:12 AM #376740ParticipantTAZ, My contact info is above.
The current cost to get down to the low 4’s is a simple math equation. For those who qualify, you will effectively prepay 2 to 3 years worth of interest to lock in a lower rate fixed for 30 years.
If the payback period is 3 years, it is like earning 33% a year on the investment, guaranteed.
Every year beyond that is additional savings. FREE money.Most people, including mortgage folks, only look at the total cost divided by the monthly payment savings, which is not exactly correct.
Anybody who qualifies and plans on staying in the loan for at least 3 years should look at this.
Even if you want to pay the loan off in full in 5 years, these are better options than being in higher rate loans.Those who don’t want to “waste money” by paying for a refi are “wasting money” every single month that they stay in a higher rate loan.
People would pee in their pants to get a 6% guaranteed return in a retirement account, but aren’t willing to understand a 33% return that is guaranteed.
Many people just don’t qualify today and are stuck in a silly rate forever because they got a “no cost” loan that will end up costing a small fortune in the long run. ,,penny wise, dollar foolish. HLS
April 4, 2009 at 11:07 AM #376148DRA
ParticipantHLS,
What is the minimum income which would qualify for 546k, for a 710K house with 164k down 800 credit score zero debt and 100K equity?
April 4, 2009 at 11:07 AM #376428ParticipantHLS,
What is the minimum income which would qualify for 546k, for a 710K house with 164k down 800 credit score zero debt and 100K equity?
April 4, 2009 at 11:07 AM #376606ParticipantHLS,
What is the minimum income which would qualify for 546k, for a 710K house with 164k down 800 credit score zero debt and 100K equity?
April 4, 2009 at 11:07 AM #376648ParticipantHLS,
What is the minimum income which would qualify for 546k, for a 710K house with 164k down 800 credit score zero debt and 100K equity?
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