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Registered on:10/8/2020
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re: Current Mortgage Rates - WeAreBR
It is hard to say because each company has their own pricing mechanisms, fees, and turn times. If you want to go with the best rate, I would call or email a couple lenders directly for their rate and direct lender fees (give property value, estimated loan amount or down payment and estimated credit ...
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re: Current Mortgage Rates - WeAreBR
FHA rate is 2.25% and conventional is 2.625%. I used 760 credit score ...
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re: Current Mortgage Rates - WeAreBR
Agree with him here- Rates have gone up these last two days due to the market increases --> MBS demand down. I pulled 2.75% with 80% down but this is before the market opens on 1/13/2021 so it may get better ...
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re: Current Mortgage Rates - WeAreBR
If you are based in Louisiana - here is the scenario I put in and the rates I am getting back $350,000 purchase price $280,000 down (LTV is 80%) FICO: 760 10 year rate - 2.125% P&I payment of $2592 20 year rate - 2.5% P&I payment of $1484 30 year rate- 2.625% P&I payment of $1125 Reach o...
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re: Ran into a bizarre snag on refi today - WeAreBR
This is bizarre - Fannie guidelines are you can have up to 10 properties. Ask if the lender has access to multiple investors. The rate you got should be available with multiple investors and might be able to still go through. If you are in Louisiana, I am pulling up a rate with those numbers of 2.87...
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re: Anyone know what the refi rates are at right now? - WeAreBR
Depends on a couple of factors but I am seeing as low as 2% - Refinancing makes sense depending on how long you plan to stay in the house and how quickly you want to pay off your mortgage...
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re: Investment property interest rate? - WeAreBR
I looked into this more... The is the seasoning requirement for a cash out refinance when it is currently in the name of the business (LLC)? 6 months from title transfer. However, FANNIE MAE (DU) ONLY:If the property was owned prior to closing by a limited liability corporation (LLC) that is m...
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re: Current Mortgage Rates - WeAreBR
Yes, jumbo is back in the market with competitive rates ...
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re: Any of you mortgage guys know if Freddy and Fanny are really tightening condo guidelines? - WeAreBR
Condo purchases are in the market but there can be some exceptions. It really is a case by case basis ...
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re: Investment property interest rate? - WeAreBR
Where is this property located? We have a program for FL and GA only if you are looking at closing in the name of the LLC....
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re: Investment property interest rate? - WeAreBR
I work for an independent mortgage banker and can give you rates if you give me more of the scenario...
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re: Investment property interest rate? - WeAreBR
If you are in Louisiana, and I guessed a credit score of 760, your rate is 3.5% for a monthly P&I payment of $1078. ...
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re: Calculating Hidden Cost of Reamortization on a Refi - WeAreBR
What is your value of the house, amt left on the mortgage and estimated credit score? Once I have that, I can get you a rate and then you can see if it is worth it to go to 15 year ...
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re: Calculating Hidden Cost of Reamortization on a Refi - WeAreBR
With the info you gave, your rate is 2.65% if you are in LA ...
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re: Calculating Hidden Cost of Reamortization on a Refi - WeAreBR
This is impressive...
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re: Mortgage refi rates still dropping - WeAreBR
Here is the contact who lives there and can help, Barbara Welsh http://apexmortgagehawaii.com/officers-detail.aspx?LONum=1...
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re: Current Mortgage Rates - WeAreBR
Unfortunately my company doesn’t do land only purchase lending ...
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re: Mortgage refi rates still dropping - WeAreBR
My company is not licensed there but I’ll reach out to a contact loan officer who lives there and see if she can do them ...
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re: Chase No Fee Refinancing - WeAreBR
I can price out scenarios for you as well - britt dot bowker @tmf dot mortgage...
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re: Mortgage refi rates still dropping - WeAreBR
I have seen less than 2% but there were closing costs involved...
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