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September 3, 2009 at 3:37 PM #453431September 3, 2009 at 4:00 PM #452643
an
ParticipantOK, but why would you want to go with FHA when you have 10% down?
September 3, 2009 at 4:00 PM #452838ParticipantOK, but why would you want to go with FHA when you have 10% down?
September 3, 2009 at 4:00 PM #453179ParticipantOK, but why would you want to go with FHA when you have 10% down?
September 3, 2009 at 4:00 PM #453251ParticipantOK, but why would you want to go with FHA when you have 10% down?
September 3, 2009 at 4:00 PM #453441ParticipantOK, but why would you want to go with FHA when you have 10% down?
September 3, 2009 at 4:09 PM #452648BGinRB
Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
September 3, 2009 at 4:09 PM #452843Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
September 3, 2009 at 4:09 PM #453184Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
September 3, 2009 at 4:09 PM #453256Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
September 3, 2009 at 4:09 PM #453446Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
September 3, 2009 at 6:20 PM #452678Participant[quote=BGinRB][quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.[/quote]
I don’t get it, are you trying to say that FHA was more expensive and that they were “sold” into the loan and not did their research and shop around?September 3, 2009 at 6:20 PM #452873Participant[quote=BGinRB][quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.[/quote]
I don’t get it, are you trying to say that FHA was more expensive and that they were “sold” into the loan and not did their research and shop around?September 3, 2009 at 6:20 PM #453212Participant[quote=BGinRB][quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.[/quote]
I don’t get it, are you trying to say that FHA was more expensive and that they were “sold” into the loan and not did their research and shop around?September 3, 2009 at 6:20 PM #453287Participant[quote=BGinRB][quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.[/quote]
I don’t get it, are you trying to say that FHA was more expensive and that they were “sold” into the loan and not did their research and shop around? -
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