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Message
Just locked a 15 yr refi at 1.875% with I-Bank in Memphis, second lender offering 1.75%
Posted on 9/11/20 at 12:28 pm
Posted on 9/11/20 at 12:28 pm
I found them on bankrate.com, but the numbers bankrate is showing isn't completely accurate. The rate for 15 yr is 1.875% with a buy down of 1 point. It's not 0.492 points like bank rate is showing.
No points for a 15 yr is 2.125%.
The total costs with the points (if opted), attorney fees, appraisals, filing fees, and other related closing costs will be around $4,500 - 5,000.
If your credit is over 740, go grab this while it's there.
ETA: Loan Depot just called me and said they could give me 1.75% with 1.143 in points for a 15 year
No points for a 15 yr is 2.125%.
The total costs with the points (if opted), attorney fees, appraisals, filing fees, and other related closing costs will be around $4,500 - 5,000.
If your credit is over 740, go grab this while it's there.
ETA: Loan Depot just called me and said they could give me 1.75% with 1.143 in points for a 15 year
This post was edited on 9/15/20 at 11:34 am
8
Posted on 9/11/20 at 6:40 pm to Hammond Tiger Fan
That’s an amazing rate! Anybody know what 30 year Interest rates are running? I locked at 2.625% on a 30 but may need to extend or let it expire if the rates are the same.
This post was edited on 9/11/20 at 6:41 pm
Posted on 9/11/20 at 7:37 pm to Rize
Just locked in 30 year 2.25% Conventional
Posted on 9/11/20 at 7:43 pm to Hammond Tiger Fan
It's less of a buydown with Quicken with your stats
Bankrate is all bullshite just fyi
But that's a great rate and not bad cost
Lock it up and enjoy
Bankrate is all bullshite just fyi
But that's a great rate and not bad cost
Lock it up and enjoy
This post was edited on 9/11/20 at 7:44 pm
Posted on 9/11/20 at 7:43 pm to MAUCKjersey1
"Just locked in 30 year 2.25% Conventional"
----
DAMN!
Reminds me of a vendor on the beach of Cancun.
His opening line was "Almost free today."
----
DAMN!
Reminds me of a vendor on the beach of Cancun.
His opening line was "Almost free today."
Posted on 9/11/20 at 8:33 pm to MAUCKjersey1
quote:
Just locked in 30 year 2.25% Conventiona
Who made that offer?
Posted on 9/11/20 at 8:36 pm to Hammond Tiger Fan
I am looking to build an were are going start getting credit apps turned in next week. I hope with in the next 30 days it stays like this.
Posted on 9/11/20 at 8:40 pm to Hammond Tiger Fan
Which bank?
Posted on 9/11/20 at 11:30 pm to RedStickBR
quote:
Which bank?
It's listed in the subject...
I-Bank out of Memphis
Posted on 9/11/20 at 11:32 pm to Hammond Tiger Fan
Oh, I totally didn’t catch that that was the name of the bank. Congrats on the incredible rate.
Posted on 9/11/20 at 11:40 pm to MAUCKjersey1
With who and what is the LTV? Best I’ve gotten is 2.75 on a jumbo.
Posted on 9/12/20 at 5:54 am to reb13
quote:
Best I’ve gotten is 2.75 on a jumbo.
Can you share where you got that? I'm shopping for a jumbo purchase or jumbo construction now
Posted on 9/12/20 at 6:02 am to misterc
Same here. Was quoted 3.375 in August. Credit over 800
Posted on 9/12/20 at 7:18 am to TigerDL
I just completed construction and refi’d my construction loan to a 30 year for 3.2%. I shopped 4 different banks with an 800 credit score and couldn’t find anything lower.
Don’t know how y’all fellas do it. I kept being told that refi’s were not below 3.2 on 30’s.
Don’t know how y’all fellas do it. I kept being told that refi’s were not below 3.2 on 30’s.
Posted on 9/12/20 at 8:16 am to Shepherd88
Shepherd, you should have priced much more. My broker prices a bunch of places and gives me options.
You can also get quotes on the web.
You can also get quotes on the web.
Posted on 9/12/20 at 8:56 am to Hammond Tiger Fan
Finalizing a 2.75% 30 year refinance next week. Was initially 4.125%. No points purchased. I don't understand how they are making money.
Posted on 9/12/20 at 9:07 am to Shepherd88
I closed yesterday on a 30 year at 2.5%. Had to pay a point to get that rate but I gladly did since we are going to to be in the house plenty long enough to recoup the buydown.
Posted on 9/12/20 at 9:17 am to tenderfoot tigah
I guess so. I did go through a broker and he shopped it, even got a float down option which dropped me 0.125% at close but still no where near these quotes on here.
Posted on 9/12/20 at 1:12 pm to Shepherd88
It is through the private bank of Wells Fargo 80% LTV for a purchase. It was much lower than anywhere else. We have been quoted between 3.25-3.65 in the past week. I see everyone here posting about sub 3 rates and I’m just not seeing it... only reason we got the rate at wells is due to family relationship credit. Originally quoted 3.25..
Posted on 9/12/20 at 2:45 pm to Tigerlaff
(no message)
This post was edited on 12/21/21 at 1:22 pm
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