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fromnj
ParticipantThanks HLS
My wife looked up the rate from our main bank [Affinity credit union] for 30 year fixed for 500K last night. It was about 6.875% (60 day lock-in) with about $3700 fees or 6.910% APR. As you mentioned, we may not get this rate, but at least we could know the ball park. We used this bank once before and we may use this bank again if we cannot find the better one.
As you mentioned again, it may not be wise to use builder’s mortgage company, but we will check.
ParticipantThanks HLS
My wife looked up the rate from our main bank [Affinity credit union] for 30 year fixed for 500K last night. It was about 6.875% (60 day lock-in) with about $3700 fees or 6.910% APR. As you mentioned, we may not get this rate, but at least we could know the ball park. We used this bank once before and we may use this bank again if we cannot find the better one.
As you mentioned again, it may not be wise to use builder’s mortgage company, but we will check.
ParticipantThanks HLS
My wife looked up the rate from our main bank [Affinity credit union] for 30 year fixed for 500K last night. It was about 6.875% (60 day lock-in) with about $3700 fees or 6.910% APR. As you mentioned, we may not get this rate, but at least we could know the ball park. We used this bank once before and we may use this bank again if we cannot find the better one.
As you mentioned again, it may not be wise to use builder’s mortgage company, but we will check.
ParticipantHi HLS
Thank you for your clarifications! I do not follow many other threads, so cannot know what happened. But I only can tell that you are telling the truth and I can trust what you are saying.
I hope that I can keep seeing you here as long as people benefit from your knowledge.
ParticipantHi HLS
Thank you for your clarifications! I do not follow many other threads, so cannot know what happened. But I only can tell that you are telling the truth and I can trust what you are saying.
I hope that I can keep seeing you here as long as people benefit from your knowledge.
ParticipantMy colleague told me the other day that he has a license to sell mortgage and he can give me 30 year fixed mortgage at PAR.
We have not discussed about his fees, but does it mean that he can give me the same rate at borker’s shown in yahoo real estate or something like that?ParticipantMy colleague told me the other day that he has a license to sell mortgage and he can give me 30 year fixed mortgage at PAR.
We have not discussed about his fees, but does it mean that he can give me the same rate at borker’s shown in yahoo real estate or something like that?ParticipantI am not sure what is right, but it is sure that the rate is getting up…
I chose the highest rate from the quote retruned from the query.
selected 30 year fixed
http://www.amerisave.comLoan Purpose: Purchase
Property Use: HOME
Property Type: SINGLE
State: CA
Purchase Price: $625,000.00Combined Loans
Total Loan Amount: $500,000.00
Blended Rate: 7.217%
Blended APR: 7.217%1st Mortgage Loan
Loan Amount: $416,250.00
Interest Rate: 7.125%
APR: 7.125%
Product: 30 Year Fixed2nd Mortgage Loan
Loan Amount: $83,750.00
Interest Rate: 7.675%
APR: 7.675%
Product: 15 Year BalloonParticipantI am not sure what is right, but it is sure that the rate is getting up…
I chose the highest rate from the quote retruned from the query.
selected 30 year fixed
http://www.amerisave.comLoan Purpose: Purchase
Property Use: HOME
Property Type: SINGLE
State: CA
Purchase Price: $625,000.00Combined Loans
Total Loan Amount: $500,000.00
Blended Rate: 7.217%
Blended APR: 7.217%1st Mortgage Loan
Loan Amount: $416,250.00
Interest Rate: 7.125%
APR: 7.125%
Product: 30 Year Fixed2nd Mortgage Loan
Loan Amount: $83,750.00
Interest Rate: 7.675%
APR: 7.675%
Product: 15 Year BalloonParticipantSo, could you recommend me that the best practices to choose builder’s incentives if I have a choice assuming that we get the mortgage through you or from our main bank?
ParticipantSo, could you recommend me that the best practices to choose builder’s incentives if I have a choice assuming that we get the mortgage through you or from our main bank?
ParticipantSo, what should actually happen to the people who financed with 100% interest only mortgage and is going to refinance from now?
Do they have to put down 5% or more?
ParticipantSo, what should actually happen to the people who financed with 100% interest only mortgage and is going to refinance from now?
Do they have to put down 5% or more?
ParticipantDear PerryChase
Your comment made sense perfectly. I did not know such regulation existed. Actually, it makes sense that those foreclosed houses should not be a really fixed asset for the bank, but should return to the hands of people so that it can fulfill the objective of its existence.
Thanks,
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