Mortgage Rates

[donaldduckmoore]

I know it is impossible to get 5% at no point no fee. But anything comes close to that is still good.

[HLS]

Have no idea what you actually qualify for, but with a credit score above 740 and a loan amount below 60% LTV,

30 YR rates are 4.99% with .75% cost right now. Between 60%-80% LTV cost is 1pt.

Maybe they will go lower. HLS

[HLS]

Have no idea what you actually qualify for, but with a credit score above 740 and a loan amount below 60% LTV,

30 YR rates are 4.99% with .75% cost right now. Between 60%-80% LTV cost is 1pt.

Maybe they will go lower. HLS

[HLS]

Have no idea what you actually qualify for, but with a credit score above 740 and a loan amount below 60% LTV,

30 YR rates are 4.99% with .75% cost right now. Between 60%-80% LTV cost is 1pt.

Maybe they will go lower. HLS

[HLS]

Have no idea what you actually qualify for, but with a credit score above 740 and a loan amount below 60% LTV,

30 YR rates are 4.99% with .75% cost right now. Between 60%-80% LTV cost is 1pt.

Maybe they will go lower. HLS

[HLS]

Have no idea what you actually qualify for, but with a credit score above 740 and a loan amount below 60% LTV,

30 YR rates are 4.99% with .75% cost right now. Between 60%-80% LTV cost is 1pt.

Maybe they will go lower. HLS

[carlsbadworker]

HLS, I agree with most of your points especially neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).

In the perfect world, a loan officer should just list all the options that the client could have. And the client makes all the tradeoff for himself.

But then again, neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

[carlsbadworker]

HLS, I agree with most of your points especially neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).

In the perfect world, a loan officer should just list all the options that the client could have. And the client makes all the tradeoff for himself.

But then again, neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

[carlsbadworker]

HLS, I agree with most of your points especially neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).

In the perfect world, a loan officer should just list all the options that the client could have. And the client makes all the tradeoff for himself.

But then again, neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

[carlsbadworker]

HLS, I agree with most of your points especially neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).

In the perfect world, a loan officer should just list all the options that the client could have. And the client makes all the tradeoff for himself.

But then again, neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

[carlsbadworker]

HLS, I agree with most of your points especially neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).

In the perfect world, a loan officer should just list all the options that the client could have. And the client makes all the tradeoff for himself.

But then again, neither clueless consumers nor clueless sales people seem to want to learn what they don’t know.

[an]

[quote=carlsbadworker]
However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).
[/quote]
I think I’ll side w/ HLS on this one. If you don’t have a few grand to buy down rates, then you’re probably extending a little too much to buy the house. If you are not sure of your job security, then you shouldn’t be buying a house. Point is, If you can’t afford to pay a few grand up front to get you a better rate, you should rethink the house you’re buying. It might be too much for you. Pay a few thousands up front will save you tens of thousands over the life of the loan.

[an]

[quote=carlsbadworker]
However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).
[/quote]
I think I’ll side w/ HLS on this one. If you don’t have a few grand to buy down rates, then you’re probably extending a little too much to buy the house. If you are not sure of your job security, then you shouldn’t be buying a house. Point is, If you can’t afford to pay a few grand up front to get you a better rate, you should rethink the house you’re buying. It might be too much for you. Pay a few thousands up front will save you tens of thousands over the life of the loan.

[an]

[quote=carlsbadworker]
However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).
[/quote]
I think I’ll side w/ HLS on this one. If you don’t have a few grand to buy down rates, then you’re probably extending a little too much to buy the house. If you are not sure of your job security, then you shouldn’t be buying a house. Point is, If you can’t afford to pay a few grand up front to get you a better rate, you should rethink the house you’re buying. It might be too much for you. Pay a few thousands up front will save you tens of thousands over the life of the loan.

[an]

[quote=carlsbadworker]
However, I don’t think “it is extremely foolish to want a no cost or no fee loan, gambling that rates will go lower.” It really depends on individual situation (e.g. how much cash you have on hand, what job security youhave, what is your overall financial plan, etc).
[/quote]
I think I’ll side w/ HLS on this one. If you don’t have a few grand to buy down rates, then you’re probably extending a little too much to buy the house. If you are not sure of your job security, then you shouldn’t be buying a house. Point is, If you can’t afford to pay a few grand up front to get you a better rate, you should rethink the house you’re buying. It might be too much for you. Pay a few thousands up front will save you tens of thousands over the life of the loan.

[Author]

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