- 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
The good news: 15 yr mortgage rate is...
Posted on 8/4/11 at 12:11 pm
Posted on 8/4/11 at 12:11 pm
3.5% no/no today. I'm seriously thinking about pulling the trigger.
4
Posted on 8/4/11 at 1:37 pm to Dusty Bottoms
Sounds like a good idea on the surface. Big questions are what is your current note, what will your new note be, how stable is your long-term employment outlook, and how much of a reserve do you have in case of a rainy day?
Posted on 8/4/11 at 1:43 pm to Dusty Bottoms
That rate is insane.....
Posted on 8/4/11 at 2:12 pm to I Love Bama
Hmm... wonder if I should refi from my 5.0 rate...
Posted on 8/4/11 at 2:25 pm to Rev1897
No doubt. Just locked a guy in at 3.5% and saving him <180,000 in interest payments over the life of the loan.
If you have a secure job and are comfortable with adding a couple of hundred to your mortgage payment, it really is a no brainer.
If you have a secure job and are comfortable with adding a couple of hundred to your mortgage payment, it really is a no brainer.
Posted on 8/4/11 at 2:31 pm to Dusty Bottoms
Free advice anyone?
I'm 24, wife 26. Bought our first home 09/2009. Just out of college and no credit we went with our local bank. 15 year amortization @ 5.75% but only 5 years fixed rate.
I call them up last month to see if they'll refi for 15 years at a fixed rate. Will only do another 5 years fixed (it's been 2 years) at the same rate (5.75). I would love to go local but c'mon.
We now have 2 years of home ownership on our credit and just over a year on a new car. Never missed a payment. One card that we pay off monthly. 720-740 range on our credit scores as of last winter.
Advice on where to turn and not get raped with fees? I'm leary of mortgage companies, should I be? Realistic expectations on what rate we can get for 15 year fixed?
Thanks
I'm 24, wife 26. Bought our first home 09/2009. Just out of college and no credit we went with our local bank. 15 year amortization @ 5.75% but only 5 years fixed rate.
I call them up last month to see if they'll refi for 15 years at a fixed rate. Will only do another 5 years fixed (it's been 2 years) at the same rate (5.75). I would love to go local but c'mon.
We now have 2 years of home ownership on our credit and just over a year on a new car. Never missed a payment. One card that we pay off monthly. 720-740 range on our credit scores as of last winter.
Advice on where to turn and not get raped with fees? I'm leary of mortgage companies, should I be? Realistic expectations on what rate we can get for 15 year fixed?
Thanks
Posted on 8/4/11 at 2:34 pm to paps
Call your local credit union. Much less red tape and you will get a better rate.
Posted on 8/4/11 at 3:19 pm to I Love Bama
If you are in baton rouge, I would recommend SWBC mortgage or iberia bank. Both have good rates and are very straightforward
Posted on 8/4/11 at 3:28 pm to LSU1018
quote:
iberia bank
Used them last year with no problems...
Posted on 8/4/11 at 4:39 pm to wickowick
No problem with a mortgage broker in town.
The feds have capped everyone on their fees. Just pay close attention to your "Good Faith Estimate" and watch the "fees" they charge and ask for explanations.
Worked for mortgage companies all through the "aughts" (03-present, though now I do it part-time), and its nowhere near what you think.
The feds have capped everyone on their fees. Just pay close attention to your "Good Faith Estimate" and watch the "fees" they charge and ask for explanations.
Worked for mortgage companies all through the "aughts" (03-present, though now I do it part-time), and its nowhere near what you think.
Posted on 8/4/11 at 4:44 pm to GFunk
Yeah got one in April for 3.75%. Love it.
Posted on 8/4/11 at 5:08 pm to Dusty Bottoms
just bought a house on a 15 year, closing in a few weeks 
Posted on 8/4/11 at 10:18 pm to I Love Bama
quote:
Call your local credit union. Much less red tape and you will get a better rate.
Unless the credit union is keeping the loan in house, they are not if they are doing a 30 yr fixed, they will have the same requirements as any other lender.
Should be able to get low 4's on a 30 and low to mid 3s on a 15 yr loan.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News