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HLS
Participant[quote=waterboy]HLS- Loan amt of $640k and 1 pt buydown[/quote]
Waterb, there are about 10 pieces of information needed to quote an accurate rate.
For SD 30 YR fixed loan amounts up to $546K are available as low as 4.25% with a cost. OC-LA are $625KAbove these county limits, up to $2 million, up to 85% LTV, I have 3 & 5 YR ARMS as low as 3.625%, 7 YR ARMS as low as 4.125% and 10 YR ARMS as low as 4.50%.
There is a cost to get the lowest rates and it depends on qualifying based not only on 20% equity. On these jumbo loans pricing is better with 25% equity, and even better with 40% equity.
It’s pointless to quote you a rate without knowing what you actually qualify for. I’ll let others quote misleading rates.
If you want a quote for what you actually qualify for please contact me directly:
[email protected]ParticipantRay,, It will be both amazing & surprising how many people will not bother to redo their student loans.. I am sure that many will, but others will just not want to bother.
Hopefully your post will inform ppl that will be available.It is the same with lower mortgage rates. Opportunity knocks but ppl don’t answer the door.
I get some people almost in tears when they find out that they don’t qualify and others who do qualify don’t seem to understand the real benefit and don’t want to bother.
Water,, What is loan amount ? Are you looking for a rate with a 1 point origination OR a 1 pt buydown ?
ParticipantRay,, It will be both amazing & surprising how many people will not bother to redo their student loans.. I am sure that many will, but others will just not want to bother.
Hopefully your post will inform ppl that will be available.It is the same with lower mortgage rates. Opportunity knocks but ppl don’t answer the door.
I get some people almost in tears when they find out that they don’t qualify and others who do qualify don’t seem to understand the real benefit and don’t want to bother.
Water,, What is loan amount ? Are you looking for a rate with a 1 point origination OR a 1 pt buydown ?
ParticipantRay,, It will be both amazing & surprising how many people will not bother to redo their student loans.. I am sure that many will, but others will just not want to bother.
Hopefully your post will inform ppl that will be available.It is the same with lower mortgage rates. Opportunity knocks but ppl don’t answer the door.
I get some people almost in tears when they find out that they don’t qualify and others who do qualify don’t seem to understand the real benefit and don’t want to bother.
Water,, What is loan amount ? Are you looking for a rate with a 1 point origination OR a 1 pt buydown ?
ParticipantRay,, It will be both amazing & surprising how many people will not bother to redo their student loans.. I am sure that many will, but others will just not want to bother.
Hopefully your post will inform ppl that will be available.It is the same with lower mortgage rates. Opportunity knocks but ppl don’t answer the door.
I get some people almost in tears when they find out that they don’t qualify and others who do qualify don’t seem to understand the real benefit and don’t want to bother.
Water,, What is loan amount ? Are you looking for a rate with a 1 point origination OR a 1 pt buydown ?
ParticipantRay,, It will be both amazing & surprising how many people will not bother to redo their student loans.. I am sure that many will, but others will just not want to bother.
Hopefully your post will inform ppl that will be available.It is the same with lower mortgage rates. Opportunity knocks but ppl don’t answer the door.
I get some people almost in tears when they find out that they don’t qualify and others who do qualify don’t seem to understand the real benefit and don’t want to bother.
Water,, What is loan amount ? Are you looking for a rate with a 1 point origination OR a 1 pt buydown ?
ParticipantAHHH Ray,, You must have updated your subscription! Happy Thursday..
Yes, rates are low for those who qualify.
My current borrowers are locking in at 4.25%-4.50% for loans that they actually qualify for, up to $546K.A very high % of people do not qualify for the average rates that are quoted above. They have NO option to refi at ANY rate.
It still depends on credit score, proof of income, loan to value ratio, and whether cash is being taken out. Condos are harder to finance.
There is no ONE RATE that applies to everyone.
For those that do qualify, 4.25%-4.50% is available on rental property too.It’s a historical gift. Many people don’t seem to understand the long term guaranteed benefit of getting these low rates…. HLS
ParticipantAHHH Ray,, You must have updated your subscription! Happy Thursday..
Yes, rates are low for those who qualify.
My current borrowers are locking in at 4.25%-4.50% for loans that they actually qualify for, up to $546K.A very high % of people do not qualify for the average rates that are quoted above. They have NO option to refi at ANY rate.
It still depends on credit score, proof of income, loan to value ratio, and whether cash is being taken out. Condos are harder to finance.
There is no ONE RATE that applies to everyone.
For those that do qualify, 4.25%-4.50% is available on rental property too.It’s a historical gift. Many people don’t seem to understand the long term guaranteed benefit of getting these low rates…. HLS
ParticipantAHHH Ray,, You must have updated your subscription! Happy Thursday..
Yes, rates are low for those who qualify.
My current borrowers are locking in at 4.25%-4.50% for loans that they actually qualify for, up to $546K.A very high % of people do not qualify for the average rates that are quoted above. They have NO option to refi at ANY rate.
It still depends on credit score, proof of income, loan to value ratio, and whether cash is being taken out. Condos are harder to finance.
There is no ONE RATE that applies to everyone.
For those that do qualify, 4.25%-4.50% is available on rental property too.It’s a historical gift. Many people don’t seem to understand the long term guaranteed benefit of getting these low rates…. HLS
ParticipantAHHH Ray,, You must have updated your subscription! Happy Thursday..
Yes, rates are low for those who qualify.
My current borrowers are locking in at 4.25%-4.50% for loans that they actually qualify for, up to $546K.A very high % of people do not qualify for the average rates that are quoted above. They have NO option to refi at ANY rate.
It still depends on credit score, proof of income, loan to value ratio, and whether cash is being taken out. Condos are harder to finance.
There is no ONE RATE that applies to everyone.
For those that do qualify, 4.25%-4.50% is available on rental property too.It’s a historical gift. Many people don’t seem to understand the long term guaranteed benefit of getting these low rates…. HLS
ParticipantAHHH Ray,, You must have updated your subscription! Happy Thursday..
Yes, rates are low for those who qualify.
My current borrowers are locking in at 4.25%-4.50% for loans that they actually qualify for, up to $546K.A very high % of people do not qualify for the average rates that are quoted above. They have NO option to refi at ANY rate.
It still depends on credit score, proof of income, loan to value ratio, and whether cash is being taken out. Condos are harder to finance.
There is no ONE RATE that applies to everyone.
For those that do qualify, 4.25%-4.50% is available on rental property too.It’s a historical gift. Many people don’t seem to understand the long term guaranteed benefit of getting these low rates…. HLS
ParticipantREN
It depends on the lender.
Best case is that with at least 30% equity you need a signed rental agreement and proof of receipt of deposit and you can get credit for 75% of rental income minus taxes & ins..you may need to pay for an appraisal @ $300+ to confirm value.Worst case is that you don’t get credit for any rental income and need to qualify for mortgage payments, property taxes, insurance & HOA on both properties.
It’s impossible to say for sure, there are so many variables, it’s frustrating for everyone involved until an approval is issued.
If you need any help, feel free to check with me directly for an update…I may not catch an inquiry on a Piggs post…. HLS
ParticipantREN
It depends on the lender.
Best case is that with at least 30% equity you need a signed rental agreement and proof of receipt of deposit and you can get credit for 75% of rental income minus taxes & ins..you may need to pay for an appraisal @ $300+ to confirm value.Worst case is that you don’t get credit for any rental income and need to qualify for mortgage payments, property taxes, insurance & HOA on both properties.
It’s impossible to say for sure, there are so many variables, it’s frustrating for everyone involved until an approval is issued.
If you need any help, feel free to check with me directly for an update…I may not catch an inquiry on a Piggs post…. HLS
ParticipantREN
It depends on the lender.
Best case is that with at least 30% equity you need a signed rental agreement and proof of receipt of deposit and you can get credit for 75% of rental income minus taxes & ins..you may need to pay for an appraisal @ $300+ to confirm value.Worst case is that you don’t get credit for any rental income and need to qualify for mortgage payments, property taxes, insurance & HOA on both properties.
It’s impossible to say for sure, there are so many variables, it’s frustrating for everyone involved until an approval is issued.
If you need any help, feel free to check with me directly for an update…I may not catch an inquiry on a Piggs post…. HLS
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