- 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: 15yr Mortgage... Where to begin?
Posted on 6/24/13 at 1:45 pm to Zephyrius
Posted on 6/24/13 at 1:45 pm to Zephyrius
the number one thing that needs to be done is to review your tax returns for the last 2 yrs., it will be averaged out to see what your income will look like. i'm a broker here in baton rouge, if you want call me anytime, no need to pull credit -225.291.7901 x 224.
secondly rates are high even on the 15 yr term, I just priced all my lenders, just for scores above 740, you are maybe looking at 3.75 and above, below 740 score you may get a little bit harder but one thing you have going for you is the equity, no price adjustment.
rates are ugly, 30 yr they are at 5% and getting nastier
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
secondly rates are high even on the 15 yr term, I just priced all my lenders, just for scores above 740, you are maybe looking at 3.75 and above, below 740 score you may get a little bit harder but one thing you have going for you is the equity, no price adjustment.
rates are ugly, 30 yr they are at 5% and getting nastier
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
Posted on 6/25/13 at 11:06 am to lsu tigerdog
quote:
I just priced all my lenders, just for scores above 740, you are maybe looking at 3.75 and above, below 740 score you may get a little bit harder but one thing you have going for you is the equity, no price adjustment.
rates are ugly, 30 yr they are at 5% and getting nastier
I appreciate your input as a insider, too, man. Having said what you just said, is this the beginning of the end of the "American Dream"? What percentage of people can come in and pull a 740? About 20%? And, if they don't pull a 740, how many can even afford 10% down on a $185k house, much less the mortgage payments?
I know the housing crisis and tough new laws are driving this, versus a desire to loan money, but credit scores rise and fall with the economy, so we could be looking at a death spiral for home ownership.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)