- 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
re: FHA Loan Rates..
Posted on 1/21/10 at 10:02 pm to LSUdaughter
Posted on 1/21/10 at 10:02 pm to LSUdaughter
quote:
20 bucks is it? emailing ya now
$27 a month...
1
Posted on 1/21/10 at 10:12 pm to Golfer
oooh. i see what you mean now. the diff in rate. got it.
but origination fee can be pretty hefty depending.
but origination fee can be pretty hefty depending.
Posted on 1/22/10 at 10:28 am to LSUdaughter
go with the no the lowest rate. trust me on this. the bank is makeing about a 1.5% premium on 5% loans with FHA. hince the reason a bank will do the loan with no origination.
Posted on 1/22/10 at 10:33 am to displacedhorn
I understand. but in my case the lowest rate also happened to have no orig fee.
other lenders had us "buying" a lower rate, by having an orig fee.
but even those rates weren't lower than the rate we got.
am I making sense?
I've been reading far too many GFE's and my head is spinning with numbers.
other lenders had us "buying" a lower rate, by having an orig fee.
but even those rates weren't lower than the rate we got.
am I making sense?
I've been reading far too many GFE's and my head is spinning with numbers.This post was edited on 1/22/10 at 10:36 am
Posted on 1/22/10 at 11:57 am to LSUdaughter
If you are getting a rate under 5% with no origination that is a great deal. no one gets a loan from me with origination. but i dont work for a bank.
Posted on 1/22/10 at 1:15 pm to Golfer
That is about right today.
closing costs are going to be increasing in the future as a result of the respa reform and turning the Good Faith Estimate into a binding contract.
lenders will be forced to build in a margin of error.
closing costs are going to be increasing in the future as a result of the respa reform and turning the Good Faith Estimate into a binding contract.
lenders will be forced to build in a margin of error.
Posted on 1/22/10 at 1:36 pm to novabill
you have to love it when a GFE that is supposed to be clear is more confusing than ever.
Posted on 1/22/10 at 1:38 pm to displacedhorn
tell me about it. 
Posted on 1/22/10 at 2:30 pm to LSUdaughter
quote:
just locked in with whitney bank
Just went to two branches of whitney, called some phone numbers. I guess they shut down their loan department on fridays.
Posted on 1/22/10 at 4:54 pm to kengel2
bet there is a a couple of loan departemnts on here that do not shut down on fridaysl
Posted on 1/24/10 at 7:34 am to Golfer
Shouldn't you always go for the lower rate if the points and origination are tax deductible?
Posted on 1/25/10 at 2:43 pm to seawolf06
thats a great point seawolf and they are.but people are caught up on two things. rate and how much closing cost are..
Posted on 1/25/10 at 2:50 pm to displacedhorn
Obviously it makes a difference if you don't have a lot of cash for closing costs. I guess it also depends on when you close in the year as to whether you will itemize or not.
Posted on 1/26/10 at 12:16 pm to Golfer
no...i got 4.875 in august of last year with 2 percent orig fee....i see its dropped...jump on it....your down is your 3.5 percent correct?
check whitney first....
check whitney first....
This post was edited on 1/26/10 at 12:19 pm
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News