- This topic has 70 replies, 7 voices, and was last updated 15 years, 7 months ago by
HLS.
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AuthorPosts
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December 17, 2008 at 1:47 PM #14646December 17, 2008 at 7:49 PM #317217
HLS
ParticipantYou will pay 1.75% up front fee for an FHA loan.
$8750 for a $500K loan.
You have mandatory mortgage insurance for at least 5 years, regardless of LTV.With 10% down and high credit score, I would love for anyone to explain to me why they want a FHA loan.
For FNMA.
Max loan amount $546,250 in SD county.You missed the lowest mortgage rates in history this morning, rates closed the day up quite a bit.
>HLSDecember 17, 2008 at 7:49 PM #317707HLS
ParticipantYou will pay 1.75% up front fee for an FHA loan.
$8750 for a $500K loan.
You have mandatory mortgage insurance for at least 5 years, regardless of LTV.With 10% down and high credit score, I would love for anyone to explain to me why they want a FHA loan.
For FNMA.
Max loan amount $546,250 in SD county.You missed the lowest mortgage rates in history this morning, rates closed the day up quite a bit.
>HLSDecember 17, 2008 at 7:49 PM #317567HLS
ParticipantYou will pay 1.75% up front fee for an FHA loan.
$8750 for a $500K loan.
You have mandatory mortgage insurance for at least 5 years, regardless of LTV.With 10% down and high credit score, I would love for anyone to explain to me why they want a FHA loan.
For FNMA.
Max loan amount $546,250 in SD county.You missed the lowest mortgage rates in history this morning, rates closed the day up quite a bit.
>HLSDecember 17, 2008 at 7:49 PM #317633HLS
ParticipantYou will pay 1.75% up front fee for an FHA loan.
$8750 for a $500K loan.
You have mandatory mortgage insurance for at least 5 years, regardless of LTV.With 10% down and high credit score, I would love for anyone to explain to me why they want a FHA loan.
For FNMA.
Max loan amount $546,250 in SD county.You missed the lowest mortgage rates in history this morning, rates closed the day up quite a bit.
>HLSDecember 17, 2008 at 7:49 PM #317610HLS
ParticipantYou will pay 1.75% up front fee for an FHA loan.
$8750 for a $500K loan.
You have mandatory mortgage insurance for at least 5 years, regardless of LTV.With 10% down and high credit score, I would love for anyone to explain to me why they want a FHA loan.
For FNMA.
Max loan amount $546,250 in SD county.You missed the lowest mortgage rates in history this morning, rates closed the day up quite a bit.
>HLSDecember 17, 2008 at 10:52 PM #317765Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317689Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317668Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317624Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317273Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317629Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317673Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317278Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
December 17, 2008 at 10:52 PM #317694Raybyrnes
ParticipantHLS
I think yo re referring to this.
“Mortgage brokers reported a surge of calls from borrowers seeking to take advantage of the Tuesday decision to cut the federal funds rate from 1 percent to a target range of zero to 0.25 percent and pledged to keep funneling money into the market for mortgage investments.
Some brokers were quoting mortgage rates of close to 4.5 percent for people with strong credit and hefty down payments.”
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