Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh)

[HLS]

First of all, it just isn’t realistic to think that there is ONE lender who always has “the best”
rates or programs.

Loans fall apart all the time for reasons other than the rate; people don’t qualify, even though they think that they do.
Getting the loan done is what counts and knowing how to get it done when something goes wrong is what counts.

You can shop for quotes on the internet and have your lead sold 50 times and get 50 emails/phonecalls from mtg people all promising you the lowest rate. The most foolish way to “shop” for a mortgage, yet the way many people do.

The premium that you will pay for an interest only 30 YR fixed is expensive money. It’s about a .50 difference in rate. The I/O option is only for 10 years. In years 11-30 your payment jumps as it becomes amortized over 20 years.

On a $400,000 loan your payment difference is about $300. By paying $300 more, you will lower your principal balance by at least $450 a month, in excess of a 50% return guaranteed. Nobody is going to be able to beat that return consistently.

With a 10YR ARM you have a choice of I/O or fully amortized. The I/O option is expensive money.

With 10% down you are going to pay mortgage insurance, which is also expensive money.

If you would like to discuss what your options are, I’ll be happy to help.My contact info was posted above. HLS Sheldon

[AK]

Thank you so much HLS. I’m still considering all my options but you present a strong case for the 30 year fixed.

[AK]

Thank you so much HLS. I’m still considering all my options but you present a strong case for the 30 year fixed.

[AK]

Thank you so much HLS. I’m still considering all my options but you present a strong case for the 30 year fixed.

[AK]

Thank you so much HLS. I’m still considering all my options but you present a strong case for the 30 year fixed.

[AK]

Thank you so much HLS. I’m still considering all my options but you present a strong case for the 30 year fixed.

[SD Realtor]

AK the one thing I can confirm for you is that it is SHEER LUNACY in the market right now. It is so far from where it was just 6 months ago that it is laughable. I am seeing no look offers, multiple offers, offers above bid. It makes no sense.

[SD Realtor]

AK the one thing I can confirm for you is that it is SHEER LUNACY in the market right now. It is so far from where it was just 6 months ago that it is laughable. I am seeing no look offers, multiple offers, offers above bid. It makes no sense.

[SD Realtor]

AK the one thing I can confirm for you is that it is SHEER LUNACY in the market right now. It is so far from where it was just 6 months ago that it is laughable. I am seeing no look offers, multiple offers, offers above bid. It makes no sense.

[SD Realtor]

AK the one thing I can confirm for you is that it is SHEER LUNACY in the market right now. It is so far from where it was just 6 months ago that it is laughable. I am seeing no look offers, multiple offers, offers above bid. It makes no sense.

[SD Realtor]

AK the one thing I can confirm for you is that it is SHEER LUNACY in the market right now. It is so far from where it was just 6 months ago that it is laughable. I am seeing no look offers, multiple offers, offers above bid. It makes no sense.

[AK]

Thanks for confirming my diagnosis SD R 🙂

I’ve actually been beat out when trying to submit no-look bids. I also saw a short sale with a possible foundation crack get six bids in three days, even though it wasn’t listed in Sandicor.

Whether or not the CIA really was behind crack cocaine … there’s no doubt that the government created this madness with the $8,000 tax credit. I’m hoping the sheer lunacy will subside to mere insanity in a month or so. If not I’ll just have to choose the best of the many crazy options at my disposal.

Wonder if I can still get an option ARM … just kidding 🙂

[AK]

Thanks for confirming my diagnosis SD R 🙂

I’ve actually been beat out when trying to submit no-look bids. I also saw a short sale with a possible foundation crack get six bids in three days, even though it wasn’t listed in Sandicor.

Whether or not the CIA really was behind crack cocaine … there’s no doubt that the government created this madness with the $8,000 tax credit. I’m hoping the sheer lunacy will subside to mere insanity in a month or so. If not I’ll just have to choose the best of the many crazy options at my disposal.

Wonder if I can still get an option ARM … just kidding 🙂

[AK]

Thanks for confirming my diagnosis SD R 🙂

I’ve actually been beat out when trying to submit no-look bids. I also saw a short sale with a possible foundation crack get six bids in three days, even though it wasn’t listed in Sandicor.

Whether or not the CIA really was behind crack cocaine … there’s no doubt that the government created this madness with the $8,000 tax credit. I’m hoping the sheer lunacy will subside to mere insanity in a month or so. If not I’ll just have to choose the best of the many crazy options at my disposal.

Wonder if I can still get an option ARM … just kidding 🙂

[AK]

Thanks for confirming my diagnosis SD R 🙂

I’ve actually been beat out when trying to submit no-look bids. I also saw a short sale with a possible foundation crack get six bids in three days, even though it wasn’t listed in Sandicor.

Whether or not the CIA really was behind crack cocaine … there’s no doubt that the government created this madness with the $8,000 tax credit. I’m hoping the sheer lunacy will subside to mere insanity in a month or so. If not I’ll just have to choose the best of the many crazy options at my disposal.

Wonder if I can still get an option ARM … just kidding 🙂

[Author]

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