[Alex_angel]

What does the builder get from the incentive if you use it to buy down? Pardee uses Wells Fargo, John Laing uses countrywide. Do these lenders kick back some dough to the builder making the $20k buydown incentive a wash?

[Alex_angel]

What does the builder get from the incentive if you use it to buy down? Pardee uses Wells Fargo, John Laing uses countrywide. Do these lenders kick back some dough to the builder making the $20k buydown incentive a wash?

[Alex_angel]

HLS. You said rates are down now compared to early May before the spike, but when I check certain rates websites like bankrate.com it shows them to be still higher and close to the May spike.

I have a question for you. If someone were to buy a $700k home with 5% down and has an over 700 fico and family income is over $150k. What is the rate they can get today? I am asusming a 80/15/5 loan. Is this rate something they could have recieved in early May prior to the spike? It still seems to be at least 1/2% higher. If that buyer decides to buydown points how much would a point cost? How much can buying down $20k of points get you?

The reason I ask is that some builders/lenders will give you an incentive to buydown $20k in points. Yet even with the buydown the rate is equivalent to what some bank websites claim without buying down any points. The builder/lender seem to jack up the rate, then claim that $20k bought you down almost 1% but in reality it is just getting you down to a rate you can get from anywhere.
If you’d like to take this offline. Please email me at
[email protected]

thanks

[Alex_angel]

HLS. You said rates are down now compared to early May before the spike, but when I check certain rates websites like bankrate.com it shows them to be still higher and close to the May spike.

I have a question for you. If someone were to buy a $700k home with 5% down and has an over 700 fico and family income is over $150k. What is the rate they can get today? I am asusming a 80/15/5 loan. Is this rate something they could have recieved in early May prior to the spike? It still seems to be at least 1/2% higher. If that buyer decides to buydown points how much would a point cost? How much can buying down $20k of points get you?

The reason I ask is that some builders/lenders will give you an incentive to buydown $20k in points. Yet even with the buydown the rate is equivalent to what some bank websites claim without buying down any points. The builder/lender seem to jack up the rate, then claim that $20k bought you down almost 1% but in reality it is just getting you down to a rate you can get from anywhere.
If you’d like to take this offline. Please email me at
[email protected]

thanks

[Alex_angel]

SEH has gone done a lot. Mostly due to poor location. I know that a couple months back there were protests in opening up the roads to pass right through the towne center into San Marcos. That whole area is heading towards 24/7 gridlock. You are not close to any freeway. You are stuck in that area. They really are trying to give away those homes.

[Alex_angel]

SEH has gone done a lot. Mostly due to poor location. I know that a couple months back there were protests in opening up the roads to pass right through the towne center into San Marcos. That whole area is heading towards 24/7 gridlock. You are not close to any freeway. You are stuck in that area. They really are trying to give away those homes.

[Alex_angel]

Thanks Rustico and SDR. Just in a ballpark estimate. How must is it to get the backyard irrigation setup and to have grass and patio stones laid in. I know there are many options but just a general ballpark figure from your experience.

Thanks

[Alex_angel]

Thanks Rustico and SDR. Just in a ballpark estimate. How must is it to get the backyard irrigation setup and to have grass and patio stones laid in. I know there are many options but just a general ballpark figure from your experience.

Thanks

[Alex_angel]

To find a good landscaper then it is probably best to go to nurseries and ask for referals? There are a lot it seems so that is the best option.

[Alex_angel]

To find a good landscaper then it is probably best to go to nurseries and ask for referals? There are a lot it seems so that is the best option.

[Alex_angel]

To add, the backyard doesn’t have any irrigation but he was told he just needs to have piping put in and tie the electical and water to the front yard system to have it automated. Not sure how much it is to have pipe put into the backyard where needed.

[Alex_angel]

To add, the backyard doesn’t have any irrigation but he was told he just needs to have piping put in and tie the electical and water to the front yard system to have it automated. Not sure how much it is to have pipe put into the backyard where needed.

[Alex_angel]

With standards like that, no one is ever going to be able to afford a home at today’s prices. let the slaughter begin.

[Alex_angel]

With standards like that, no one is ever going to be able to afford a home at today’s prices. let the slaughter begin.

[Alex_angel]

How can he seriously say he never saw this coming? Honestly, with that one statement he lost all credibility. Why would he say something so freaking stupid?

[Author]

Posts