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danielwis
Participant[quote=danielwis]Two things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.[/quote]
Upon my 3rd purchase, I did not use a mortgage broker. Its as easy as doing a web search for low rates, and/or making a list of lending institutions and picking up the phone. Make sure you compare apples to apples when you make your calls (keep points and fees constant, and ask what the best rate is they can do). Its pretty easy. I locked down my interest rate after about 8 phone calls within an hour.
Participant[quote=danielwis]Two things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.[/quote]
Upon my 3rd purchase, I did not use a mortgage broker. Its as easy as doing a web search for low rates, and/or making a list of lending institutions and picking up the phone. Make sure you compare apples to apples when you make your calls (keep points and fees constant, and ask what the best rate is they can do). Its pretty easy. I locked down my interest rate after about 8 phone calls within an hour.
Participant[quote=danielwis]Two things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.[/quote]
Upon my 3rd purchase, I did not use a mortgage broker. Its as easy as doing a web search for low rates, and/or making a list of lending institutions and picking up the phone. Make sure you compare apples to apples when you make your calls (keep points and fees constant, and ask what the best rate is they can do). Its pretty easy. I locked down my interest rate after about 8 phone calls within an hour.
Participant[quote=danielwis]Two things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.[/quote]
Upon my 3rd purchase, I did not use a mortgage broker. Its as easy as doing a web search for low rates, and/or making a list of lending institutions and picking up the phone. Make sure you compare apples to apples when you make your calls (keep points and fees constant, and ask what the best rate is they can do). Its pretty easy. I locked down my interest rate after about 8 phone calls within an hour.
ParticipantTwo things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.
ParticipantTwo things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.
ParticipantTwo things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.
ParticipantTwo things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.
ParticipantTwo things:
Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.
Participant[quote=patientrenter][quote=desmond]…everybody who bought in the last 2 or so years is 20-30% on the upside.[/quote]
Only because of govt money (i.e. money that will be taken from savers and future taxpayers) propping up home prices in CA. There’s nothing natural about it. If the govt decided to pay $1000 a ton for horse manure, then that’s what it would be ‘worth’.[/quote]
When California hits rock bottom, the future will be bright (duh…). Give it a few years yet, IMO. I would be surprised if recent real estate gains hold up over the next few years. I could be wrong.
Participant[quote=patientrenter][quote=desmond]…everybody who bought in the last 2 or so years is 20-30% on the upside.[/quote]
Only because of govt money (i.e. money that will be taken from savers and future taxpayers) propping up home prices in CA. There’s nothing natural about it. If the govt decided to pay $1000 a ton for horse manure, then that’s what it would be ‘worth’.[/quote]
When California hits rock bottom, the future will be bright (duh…). Give it a few years yet, IMO. I would be surprised if recent real estate gains hold up over the next few years. I could be wrong.
Participant[quote=patientrenter][quote=desmond]…everybody who bought in the last 2 or so years is 20-30% on the upside.[/quote]
Only because of govt money (i.e. money that will be taken from savers and future taxpayers) propping up home prices in CA. There’s nothing natural about it. If the govt decided to pay $1000 a ton for horse manure, then that’s what it would be ‘worth’.[/quote]
When California hits rock bottom, the future will be bright (duh…). Give it a few years yet, IMO. I would be surprised if recent real estate gains hold up over the next few years. I could be wrong.
Participant[quote=patientrenter][quote=desmond]…everybody who bought in the last 2 or so years is 20-30% on the upside.[/quote]
Only because of govt money (i.e. money that will be taken from savers and future taxpayers) propping up home prices in CA. There’s nothing natural about it. If the govt decided to pay $1000 a ton for horse manure, then that’s what it would be ‘worth’.[/quote]
When California hits rock bottom, the future will be bright (duh…). Give it a few years yet, IMO. I would be surprised if recent real estate gains hold up over the next few years. I could be wrong.
Participant[quote=patientrenter][quote=desmond]…everybody who bought in the last 2 or so years is 20-30% on the upside.[/quote]
Only because of govt money (i.e. money that will be taken from savers and future taxpayers) propping up home prices in CA. There’s nothing natural about it. If the govt decided to pay $1000 a ton for horse manure, then that’s what it would be ‘worth’.[/quote]
When California hits rock bottom, the future will be bright (duh…). Give it a few years yet, IMO. I would be surprised if recent real estate gains hold up over the next few years. I could be wrong.
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