- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What kind of mortgage rate should I expect?
Posted on 1/4/15 at 9:25 pm
Posted on 1/4/15 at 9:25 pm
I'm selling my current home and looking elsewhere.
Going to get a 30 year, fixed.
I'll be getting a loan for 130-150k and putting a large amount down.
Credit score is in the upper 700 range based on when I bought a car 6 months ago.
I'm guessing I can get at worst 4%? Looks like the average is 3.9% now.
Going to get a 30 year, fixed.
I'll be getting a loan for 130-150k and putting a large amount down.
Credit score is in the upper 700 range based on when I bought a car 6 months ago.
I'm guessing I can get at worst 4%? Looks like the average is 3.9% now.
This post was edited on 1/4/15 at 9:27 pm
5
Posted on 1/4/15 at 9:33 pm to tylercsbn9
What's your DTI ratio before and after the mortgage?
Posted on 1/4/15 at 11:22 pm to tylercsbn9
4%, maybe 10 basis points lower
Posted on 1/4/15 at 11:29 pm to schexyoung
Well before the mortgage it would be 30% (Pay about 1K a month on car notes, 1350 for a house note, and 200 for the wife's student loans). No credit card debt although there is always a balance on one we pay off every month. Only use it for rewards.
It'll change to around 23% with the new mortgage.
We are actually downsizing our home but my wife will become a stay at home mother after our son is born in April.
It'll change to around 23% with the new mortgage.
We are actually downsizing our home but my wife will become a stay at home mother after our son is born in April.
This post was edited on 1/4/15 at 11:31 pm
Posted on 1/5/15 at 12:18 am to tylercsbn9
quote:
23%
You call that leverage? 45%, make it almost impossible for them to approve the loan. Anything less and your wasting money.
Posted on 1/5/15 at 7:41 am to tylercsbn9
You can get a much better idea if you just walk into a bank branch and ask their mortgage consultant. It's free.
Posted on 1/5/15 at 7:47 am to Stuckinthe90s
quote:
45%, make it almost impossible for them to approve the loan.
wut?
quote:
Anything less and your wasting money.
SMH
Posted on 1/5/15 at 9:46 am to tylercsbn9
As I understand it the down payment doesn't have anything to do with the rate you get. I locked in to a 30 year fixed at 3.75 last week. I'd plan on it being worst case 4.25% and then be excited when I got 4ish.
Posted on 1/5/15 at 11:01 am to tylercsbn9
rates are low go see a bank and get pre-approved
Posted on 1/5/15 at 12:23 pm to hawkeye007
Expect around 4%. Go talk with a few banks and get free quotes over the phone with 3-4 brokers. Not really a big deal to get multiple quotes.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News