re: VA loan

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Are you just assuming a 7% interest rate or was it quoted?

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totally assuming. like i said, i'm going underway for 2 weeks tomorrow and she called while i was in the middle of getting a brand new sailor prepared to go underway with me for his first time on a ship and finding out what ship we're going on, etc.

i just wasn't positive if that $1200 monthly payment she mentioned was including taxes & insurance. my buddy's mom is a big shot at latter and blum so i have help with any questions i have, i just was checking the boards so i figured i'd ask.

quote:

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Your income shouldn't affect your rate, only qualification. Sometimes, VA rates can be a little higher, more like 1/8 or 1/4, but this sounds like you're tier 3. I would almost suggest you get into an ARM and refinance in 4 to 6 years - rather than pay 7% fixed - especially if you can get an ARM under 5.

When you say "average" do you mean 680ish or 640ish? Because that's a big difference.

Your credit score is the 600 pound gorilla in this room, IMHO.

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i think she said my middle score was around 645, my wife's middle score was around 680.