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BGinRB
ParticipantMany tax-raising initiatives are floating around. Reducing mortgage interest deduction, soda tax, taxing life insurance benefits, Internet tax… anything but clawback.
Budgets were not balanced two years ago and the spending went up and the receivables are down since then.ParticipantMany tax-raising initiatives are floating around. Reducing mortgage interest deduction, soda tax, taxing life insurance benefits, Internet tax… anything but clawback.
Budgets were not balanced two years ago and the spending went up and the receivables are down since then.ParticipantMany tax-raising initiatives are floating around. Reducing mortgage interest deduction, soda tax, taxing life insurance benefits, Internet tax… anything but clawback.
Budgets were not balanced two years ago and the spending went up and the receivables are down since then.ParticipantMany tax-raising initiatives are floating around. Reducing mortgage interest deduction, soda tax, taxing life insurance benefits, Internet tax… anything but clawback.
Budgets were not balanced two years ago and the spending went up and the receivables are down since then.Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
Participant[quote=AN]OK, but why would you want to go with FHA when you have 10% down?[/quote]
In case of one of my employees – recommended by his mortgage broker, who is recommended by his “aunt’s friend” agent.
He was sold on FHA with an origination point, discount point and another $2.5K in fees (ex-escrow), all resulting in 5.75%APR.The aimloan.com cost was $6K less than the friendly broker’s cost and better APR on top of that. All that on a $140K condo.
Participant[quote=AN]Is your number correct? Is this for a 30 year or 40 year loan? For a 30 year mortgage, P+I @4.625% is $2,291.52. You can get 4.625% w/aimloan.com right now with 1.892 points. If you don’t want to/can’t pay points, then it’s 5.125% w/out points. This is w/ no escrow impound. It’s a little cheaper if you want to impound. So, why do you want to pay 5.5% for FHA when you can get anywhere between 4.625-5.125% w/ the same 10% down going through tradition lending channel?[/quote]
APR on 5.125% FHA interest loan through aimloan.com is over 5.5%.
Participant[quote=AN]Is your number correct? Is this for a 30 year or 40 year loan? For a 30 year mortgage, P+I @4.625% is $2,291.52. You can get 4.625% w/aimloan.com right now with 1.892 points. If you don’t want to/can’t pay points, then it’s 5.125% w/out points. This is w/ no escrow impound. It’s a little cheaper if you want to impound. So, why do you want to pay 5.5% for FHA when you can get anywhere between 4.625-5.125% w/ the same 10% down going through tradition lending channel?[/quote]
APR on 5.125% FHA interest loan through aimloan.com is over 5.5%.
Participant[quote=AN]Is your number correct? Is this for a 30 year or 40 year loan? For a 30 year mortgage, P+I @4.625% is $2,291.52. You can get 4.625% w/aimloan.com right now with 1.892 points. If you don’t want to/can’t pay points, then it’s 5.125% w/out points. This is w/ no escrow impound. It’s a little cheaper if you want to impound. So, why do you want to pay 5.5% for FHA when you can get anywhere between 4.625-5.125% w/ the same 10% down going through tradition lending channel?[/quote]
APR on 5.125% FHA interest loan through aimloan.com is over 5.5%.
Participant[quote=AN]Is your number correct? Is this for a 30 year or 40 year loan? For a 30 year mortgage, P+I @4.625% is $2,291.52. You can get 4.625% w/aimloan.com right now with 1.892 points. If you don’t want to/can’t pay points, then it’s 5.125% w/out points. This is w/ no escrow impound. It’s a little cheaper if you want to impound. So, why do you want to pay 5.5% for FHA when you can get anywhere between 4.625-5.125% w/ the same 10% down going through tradition lending channel?[/quote]
APR on 5.125% FHA interest loan through aimloan.com is over 5.5%.
Participant[quote=AN]Is your number correct? Is this for a 30 year or 40 year loan? For a 30 year mortgage, P+I @4.625% is $2,291.52. You can get 4.625% w/aimloan.com right now with 1.892 points. If you don’t want to/can’t pay points, then it’s 5.125% w/out points. This is w/ no escrow impound. It’s a little cheaper if you want to impound. So, why do you want to pay 5.5% for FHA when you can get anywhere between 4.625-5.125% w/ the same 10% down going through tradition lending channel?[/quote]
APR on 5.125% FHA interest loan through aimloan.com is over 5.5%.
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