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| Mortgage Rate Shoppers Posted by hawkeye007 LOCK!!!! just some friendly advise. the rate today was the lowest i have seen in about 5 months.. on 5/14 at 5:28 pmReply • Back to Top |
| so what did you get? Reply • Back to Top |
It is a full 1/4 percent lower than when I closed last month  Oh well, won't make THAT much of a difference Reply • Back to Top |
| i didnt get anything. i am mortgage banker and everyone is always talking rate and i know there is a few guys shopping refinances so i wanted to advise them to get off the fence and lock. Reply • Back to Top |
| What is the rate for a 15 year, no points? Reply • Back to Top |
| 2.875%-3.0% depending on all the other factors involvled. Reply • Back to Top |
quote: Can you get 2.875 with no points or closing costs? Reply • Back to Top |
| Would you advise someone to wait 14 more days to lock if it got them $800 towards closing credit from lender? Reply • Back to Top |
| dont get me started on the no closing cost loans..no i cant get you 2.875% with no closing cost and anyone that says they can is full of shite. title companies dont close loans for free and neither do lenders. i have plenty of customers that come back to me 30-45 days after we talk and they go with some no name broker who quotes them the no closing cost loan. bait and switch is still used in this industry i hate to say. Reply • Back to Top |
| why would the lender give you a credit for waiting longer to lock that doesnt make sense. i have a saying that i live by..if you like it lock it..800 is pennies over the life of the loan. rates are at the lowest they have been all year, i wouldnt be waiting on anything. Reply • Back to Top |
quote: I'm looking to buy or build in the next year or so. I've only got about 11% of my expected down payment right now, but the interest rate is obviously ridiculously low like you said. Do you think the interest rate will go up to where it negates anything I gain by having a higher down payment? I would have about 16-17% in a year. Reply • Back to Top |
| 30 yr refi rate? Reply • Back to Top |
| Our in house lender thinks they going lower! Locked two today at 3.875 0/0. Reply • Back to Top |
quote:Unless the builder pays closing costs.... I closed late April and the builder had said before hand they cover closing costs up to 5K Closing costs ended up being 6200. In good faith, they covered the extra $1200. I will always recommend them now. Reply • Back to Top |
quote: Mind sharing who it was? I'm looking to build in the next year. Reply • Back to Top |
| As I mentioned in a previous thread, I'm going with the 1-month libor + 1.625 ARM interest only, which is about 1.875 total right now. Going to save hundreds a month on interest payments. Also don't have to pay escrow to them. Reply • Back to Top |
| Just refinanced for 30yr @ 3.75% Reply • Back to Top |
quote:DSLD Homes. Based in Denham Spring, they build all the way over to Slidell. They won Builder of the Year in 2011, and I can definitely see why Reply • Back to Top |
| They are actually building you a home? What are they letting you pick out? Reply • Back to Top |
| I picked the floor model I liked. Its not custom, they have 15 or so floor models to choose from ETA: But you do have full say in what goes on the inside This post was edited on 5/16 at 10:55 pm Reply • Back to Top • Refresh |
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