[HLS]

SD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.

Do they have 20% to put down and decent credit to qualify for a good conventional loan ?

IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??

Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??

Sounds like a complete waste of thousands of dollars. HLS

[HLS]

SD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.

Do they have 20% to put down and decent credit to qualify for a good conventional loan ?

IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??

Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??

Sounds like a complete waste of thousands of dollars. HLS

[HLS]

RAY,
I think I know who you are talking about.
It’s a portfolio loan that they keep, but isn’t it a max of 75% of current value ?

A 5YR ARM today is a very dangerous product.
What if rates are 10% in 6 years ?

For loans under $546K…
I have 30 Year fixed rates at 5.00%. You can buy down to 4.875% for a tiny fee.
Without 20% equity, PMI is added.

With 40%+ equity rates are 4.875%

Almost any rate can be shown, the key is the cost to get that rate.

With historically low rates, I think it is insane to hope for a tiny further decline that may or may not happen.

On a historical scale of 1 to 100 of mortgage rates, with 100 being the highest we are currently at 1. People want more. HLS

[HLS]

RAY,
I think I know who you are talking about.
It’s a portfolio loan that they keep, but isn’t it a max of 75% of current value ?

A 5YR ARM today is a very dangerous product.
What if rates are 10% in 6 years ?

For loans under $546K…
I have 30 Year fixed rates at 5.00%. You can buy down to 4.875% for a tiny fee.
Without 20% equity, PMI is added.

With 40%+ equity rates are 4.875%

Almost any rate can be shown, the key is the cost to get that rate.

With historically low rates, I think it is insane to hope for a tiny further decline that may or may not happen.

On a historical scale of 1 to 100 of mortgage rates, with 100 being the highest we are currently at 1. People want more. HLS

[HLS]

RAY,
I think I know who you are talking about.
It’s a portfolio loan that they keep, but isn’t it a max of 75% of current value ?

A 5YR ARM today is a very dangerous product.
What if rates are 10% in 6 years ?

For loans under $546K…
I have 30 Year fixed rates at 5.00%. You can buy down to 4.875% for a tiny fee.
Without 20% equity, PMI is added.

With 40%+ equity rates are 4.875%

Almost any rate can be shown, the key is the cost to get that rate.

With historically low rates, I think it is insane to hope for a tiny further decline that may or may not happen.

On a historical scale of 1 to 100 of mortgage rates, with 100 being the highest we are currently at 1. People want more. HLS

[HLS]

RAY,
I think I know who you are talking about.
It’s a portfolio loan that they keep, but isn’t it a max of 75% of current value ?

A 5YR ARM today is a very dangerous product.
What if rates are 10% in 6 years ?

For loans under $546K…
I have 30 Year fixed rates at 5.00%. You can buy down to 4.875% for a tiny fee.
Without 20% equity, PMI is added.

With 40%+ equity rates are 4.875%

Almost any rate can be shown, the key is the cost to get that rate.

With historically low rates, I think it is insane to hope for a tiny further decline that may or may not happen.

On a historical scale of 1 to 100 of mortgage rates, with 100 being the highest we are currently at 1. People want more. HLS

[HLS]

RAY,
I think I know who you are talking about.
It’s a portfolio loan that they keep, but isn’t it a max of 75% of current value ?

A 5YR ARM today is a very dangerous product.
What if rates are 10% in 6 years ?

For loans under $546K…
I have 30 Year fixed rates at 5.00%. You can buy down to 4.875% for a tiny fee.
Without 20% equity, PMI is added.

With 40%+ equity rates are 4.875%

Almost any rate can be shown, the key is the cost to get that rate.

With historically low rates, I think it is insane to hope for a tiny further decline that may or may not happen.

On a historical scale of 1 to 100 of mortgage rates, with 100 being the highest we are currently at 1. People want more. HLS

[HLS]

The psychology of people is amazing.

I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.

They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.

Now they want to wait for rates to go even lower, for a refi, which may or may not happen.

Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS

[HLS]

The psychology of people is amazing.

I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.

They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.

Now they want to wait for rates to go even lower, for a refi, which may or may not happen.

Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS

[HLS]

The psychology of people is amazing.

I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.

They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.

Now they want to wait for rates to go even lower, for a refi, which may or may not happen.

Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS

[HLS]

The psychology of people is amazing.

I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.

They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.

Now they want to wait for rates to go even lower, for a refi, which may or may not happen.

Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS

[HLS]

The psychology of people is amazing.

I have had a client that missed a 5.375% jumbo rate a few months ago, and didn’t want to take 5.50% the next day. Rates ran to 6.625% over the next 30 days.

They told me to let them know if rates got back to 5.50%
Rates dropped to 5.00% yesterday. They still weren’t ready. Rates went up today.

Now they want to wait for rates to go even lower, for a refi, which may or may not happen.

Rates are at historical low levels that were unthinkable by most people a month ago, but now people want to wait and try and squeeze every last drop of blood, except they don’t even know how much blood is still in the body. HLS

[HLS]

waiting..
You are confusing apples and oranges.
You can contact me if you wish.
[email protected] HLS

[HLS]

waiting..
You are confusing apples and oranges.
You can contact me if you wish.
[email protected] HLS

[HLS]

waiting..
You are confusing apples and oranges.
You can contact me if you wish.
[email protected] HLS

[Author]

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