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  • November 20, 2009 at 12:27 PM #485536
    waiting hawk
    Participant

    duplicate

    November 20, 2009 at 8:55 PM #484977
    HLS
    Participant

    Scaredy,,
    If your loan is going to be above $417K and you dont want to do 10% down, FHA may be your only option…
    A few months ago FNMA 5% down was available and was better than FHA for most. It now takes a decent credit score and 10% down to avoid FHA.
    If loan amount is above $417K you need 15% down to avoid FHA. FHA is the new subprime, artificially keeping prices propped up.

    There are so many other factors to consider. Feel free to contact me directly if you want.
    So many variables, it’s impossible to assume anything.
    30 YR rates currently as low as 4.375%, 15 YR 4.00%, 7YR ARMS 3.625% %YR ARMS 3.375% even on rental properties!! About the lowest rates ever! , HLS

    November 20, 2009 at 8:55 PM #485143
    HLS
    Participant

    Scaredy,,
    If your loan is going to be above $417K and you dont want to do 10% down, FHA may be your only option…
    A few months ago FNMA 5% down was available and was better than FHA for most. It now takes a decent credit score and 10% down to avoid FHA.
    If loan amount is above $417K you need 15% down to avoid FHA. FHA is the new subprime, artificially keeping prices propped up.

    There are so many other factors to consider. Feel free to contact me directly if you want.
    So many variables, it’s impossible to assume anything.
    30 YR rates currently as low as 4.375%, 15 YR 4.00%, 7YR ARMS 3.625% %YR ARMS 3.375% even on rental properties!! About the lowest rates ever! , HLS

    November 20, 2009 at 8:55 PM #485517
    HLS
    Participant

    Scaredy,,
    If your loan is going to be above $417K and you dont want to do 10% down, FHA may be your only option…
    A few months ago FNMA 5% down was available and was better than FHA for most. It now takes a decent credit score and 10% down to avoid FHA.
    If loan amount is above $417K you need 15% down to avoid FHA. FHA is the new subprime, artificially keeping prices propped up.

    There are so many other factors to consider. Feel free to contact me directly if you want.
    So many variables, it’s impossible to assume anything.
    30 YR rates currently as low as 4.375%, 15 YR 4.00%, 7YR ARMS 3.625% %YR ARMS 3.375% even on rental properties!! About the lowest rates ever! , HLS

    November 20, 2009 at 8:55 PM #485602
    HLS
    Participant

    Scaredy,,
    If your loan is going to be above $417K and you dont want to do 10% down, FHA may be your only option…
    A few months ago FNMA 5% down was available and was better than FHA for most. It now takes a decent credit score and 10% down to avoid FHA.
    If loan amount is above $417K you need 15% down to avoid FHA. FHA is the new subprime, artificially keeping prices propped up.

    There are so many other factors to consider. Feel free to contact me directly if you want.
    So many variables, it’s impossible to assume anything.
    30 YR rates currently as low as 4.375%, 15 YR 4.00%, 7YR ARMS 3.625% %YR ARMS 3.375% even on rental properties!! About the lowest rates ever! , HLS

    November 20, 2009 at 8:55 PM #485831
    HLS
    Participant

    Scaredy,,
    If your loan is going to be above $417K and you dont want to do 10% down, FHA may be your only option…
    A few months ago FNMA 5% down was available and was better than FHA for most. It now takes a decent credit score and 10% down to avoid FHA.
    If loan amount is above $417K you need 15% down to avoid FHA. FHA is the new subprime, artificially keeping prices propped up.

    There are so many other factors to consider. Feel free to contact me directly if you want.
    So many variables, it’s impossible to assume anything.
    30 YR rates currently as low as 4.375%, 15 YR 4.00%, 7YR ARMS 3.625% %YR ARMS 3.375% even on rental properties!! About the lowest rates ever! , HLS

    November 21, 2009 at 8:59 AM #485072
    Adebisi
    Participant

    If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.

    November 21, 2009 at 8:59 AM #485241
    Adebisi
    Participant

    If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.

    November 21, 2009 at 8:59 AM #485615
    Adebisi
    Participant

    If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.

    November 21, 2009 at 8:59 AM #485700
    Adebisi
    Participant

    If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.

    November 21, 2009 at 8:59 AM #485929
    Adebisi
    Participant

    If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.

    November 21, 2009 at 9:07 AM #485077
    an
    Participant

    [quote=Adebisi]If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.[/quote]
    HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. At the end of the day, you have to make your own calculation and prediction. You’re basically paying more to have an option to walk away just in case the market tank and wipe out your down payment (less down payment w/ FHA).

    November 21, 2009 at 9:07 AM #485246
    an
    Participant

    [quote=Adebisi]If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.[/quote]
    HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. At the end of the day, you have to make your own calculation and prediction. You’re basically paying more to have an option to walk away just in case the market tank and wipe out your down payment (less down payment w/ FHA).

    November 21, 2009 at 9:07 AM #485620
    an
    Participant

    [quote=Adebisi]If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.[/quote]
    HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. At the end of the day, you have to make your own calculation and prediction. You’re basically paying more to have an option to walk away just in case the market tank and wipe out your down payment (less down payment w/ FHA).

    November 21, 2009 at 9:07 AM #485705
    an
    Participant

    [quote=Adebisi]If HLS is a mortgage broker, he’s probably trying to steer you away from FHA because their YSP (mortgage broker kickback) is pretty low.[/quote]
    HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. At the end of the day, you have to make your own calculation and prediction. You’re basically paying more to have an option to walk away just in case the market tank and wipe out your down payment (less down payment w/ FHA).

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