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Number of Posts:75
Registered on:3/9/2021
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re: Refinancing again? - TMFBB21
Some companies are already quoting the 50 bps less - some are not. Ask your lender before you lock. And if you need quote, hit me up. Username @ gmail.com...
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re: Refinancing again? - TMFBB21
Starting August 1st, the 50 bps hit on refinances will be removed. If you were quoted in the last 2 months, the rate is likely to be a lot lower on August 1st....
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re: Refinancing again? - TMFBB21
I have a software system that can show you how long you it would take to recoup any closing costs or any buy down points and a true picture of the amortization of the loan. Anyone who is over 4%, typically is saving a ton right now. ...
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re: 30 Year Mortgage Rates - TMFBB21
And if you really want to come out ahead, make higher payments each month to get more equity. Then when you sell in 10 years, you will not get a big interest rate because your LTV will be so good ...
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re: 30 Year Mortgage Rates - TMFBB21
That is the rate I am getting for conventional - VA is 2.4% this morning and USDA is 2.5%...
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re: 30 Year Mortgage Rates - TMFBB21
I have gotten below 2.75 depending on the LTV - If you have more equity, you will get a better rate. ...
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re: 30 Year Mortgage Rates - TMFBB21
Hahaha to the previous comment- But yeah there is a VA 6 month/210 day seasoning requirement. The 210 day countdown begins from the due date of your first mortgage payment....
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re: 30 Year Mortgage Rates - TMFBB21
I cannot quote a property outside Louisiana- He can https://www.themortgagefirm.com/jerrydongilli I gave him a heads up you may be reaching out. And yes, it has to meet what they call Net Tangible Benefit. Good news is that for the VA IRRL, Processing and Administration Fees are waived ...
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re: 30 Year Mortgage Rates - TMFBB21
Are you in FL? If so, rates will be different from mine in Louisiana. ...
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re: 30 Year Mortgage Rates - TMFBB21
Josh Hefty with Cahaba Mortgage - hands down best rates and service in AL. Keep your money in your state and give him a call. You will be amazed at how easy he makes the process https://www.cahabamortgage.com/team/josh-hefty...
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re: 30 Year Mortgage Rates - TMFBB21
Are you looking for someone in Alabama?...
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re: VA IRRL mortgage rates - TMFBB21
Rates are low right now due to 10 year treasury decline. I’ve been quoting strong VA rates lately. What’s the house value, loan amount and credit score and I can quote the current VA rate. ...
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re: Mortgage Rates - have they dropped again? - TMFBB21
Rates are currently on a downward trend - If you are refinancing, might want to float your lock because we are expecting them to go a bit lower due to these 10 year yield decrease. I only would recommend this if you have a good LO that will tell you to lock when we see the direction change. Not all ...
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re: Mortgage Rates - have they dropped again? - TMFBB21
As with most things in business, people need to be paid for their time. I work as a LO and BD, and as a result, I have a bigger understanding of the market and the behind the scenes of pricing. Not that an average borrower needs to know all the specifics, but I try to be as transparent and honest. M...
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re: Mortgage Rates - have they dropped again? - TMFBB21
Smart… after being in this business for so long, I always think getting two local quotes is always best. Using local means you are keeping money in your community and have a real person that has interest in doing right by you. Send over the quote if you want to see what I can do. Many times it is a ...
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re: Best way to finance a kitchen renovation? - TMFBB21
You can do a renovation refinance- I would have to do a deeper dive but on the surface, this would qualify. ...
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re: Mortgage Rates - have they dropped again? - TMFBB21
Is this quote conventional, VA or USDA/rural? I ask because VA and USDA is coming up as 2.75% with .125% points. Conventional is coming in a bit higher. I could probably get it lower if you want to send over your quote - email is username @ gmail.com. Also make sure there are no large fees added on....
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re: Mortgage Rates - have they dropped again? - TMFBB21
I have quoted lower but I would need to have the full picture. Just need estimated credit score, home sale price, and loan amount...
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re: refinance with cash out question - TMFBB21
Many factors go into this question: - Do you have 20% for the investment property without doing a cash/out refinance? - If not, it may be worth it to qualify for the investment property. However, I cannot say that until I was able to run the cash out rate for your primary. It wouldn't be worth ...
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re: Home buying advice - TMFBB21
Nationally, home equity went up 13% this year. Home equity will continue to go up. We have a housing shortage so if she is ready to invest in a home, and as long as she has an educated lender, she should be able to afford it. There are a lot more factors in qualifying for a loan. ...
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