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TMFBB21
| Favorite team: | |
| Location: | Baton Rouge |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 187 |
| Registered on: | 3/9/2021 |
| Online Status: | Not Online |
Recent Posts
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re: How much house can I afford?
Posted by TMFBB21 on 1/25/23 at 2:27 pm
Reach out. You could qualify for a physician loan, which is a great deal to gain equity and pay off your loans (if applicable). My email is britt.bowker@canvasmortgage.com...
1
re: Mortgage Shopping
Posted by TMFBB21 on 12/12/22 at 10:48 am
I operate in nationwide and I can typically beat any rate- but if I see a loan estimate that I can’t beat and it is legit, I advise my clients to take it. ...
re: Buying points or paying down the loan amount?
Posted by TMFBB21 on 11/11/22 at 7:39 am
Just seeing this… yes ARMs are a good option. Unfortunately They are pricing higher than 30 year fixed. Many sellers are offering buy downs which can really help in this market. Buyers are in the drivers seat so I’m seeing ppl getting great deals on houses ...
re: Buying points or paying down the loan amount?
Posted by TMFBB21 on 10/17/22 at 4:23 pm
Professionally I am advising clients not to buy down points because they most likely will be refinancing this loan in 2 years (hence the extra fees we are seeing in the market, the market is pricing for a refinance)- However, we will see rates go back to the 4s. And for you, the 5.25% isn't a crazy ...
re: Home Mortgage Rates
Posted by TMFBB21 on 9/19/22 at 11:32 am
Originally it was forecasted to get better beginning in October when inflation numbers will begin to improve which will give us relief in Q4 and Q1 of 2023. I read this today which is a pretty bearish outlook...
"Mortgage rates and the 10-year Treasury yields move closely together. Both of these ...
re: Home Mortgage Rates
Posted by TMFBB21 on 9/15/22 at 1:46 pm
In a typical market, conventional loan was a better rate than a jumbo. However, many investors are now offering jumbo rates that are better than conventional. Conventional loan limits just were raised to $715k - I would need to have your credit score, home value and loan amount to give you a better ...
re: Lender for SFH rental?
Posted by TMFBB21 on 9/6/22 at 11:28 am
Due to the current market, many investors will allow you to close residential loans in an LLC or you can lump the properties into one loan. You could even possibly qualify on cash flow from the rentals. Eustis wont have this product. Reach out username@gmail.com and I have a couple of ways to struct...
re: New Construction Loan
Posted by TMFBB21 on 8/31/22 at 1:04 pm
This is true- I send my higher network clients to banks. Banks want these loans for their portfolios. From what I have seen, this has not been true for your average borrower. Most banks will have the market rates for them...
re: New Construction Loan
Posted by TMFBB21 on 8/31/22 at 1:04 pm
This is true- I send my higher network clients to banks. Banks want these loans for their portfolios. From what I have seen, this has not been true for your average borrower. Most banks will have the market rates for them...
re: HELOC info request
Posted by TMFBB21 on 8/26/22 at 8:58 am
I can price it for you and send the parameters - email me at username@gmail.com
I would also look at community banks- They used to have the best pricing but it has been a couple months since I did it last. Things change so quickly I am not sure if they still have the best pricing...
re: Is a rate of 3.94% on a 30 year fixed, no points buy down, still possible?
Posted by TMFBB21 on 8/23/22 at 4:07 pm
If a bank keeps the loan as a portfolio loan, then they do not have to price off the market. From what other clients have said, they usually make you bank a certain amount of money or have hidden fees. Many banks use the "brokers" to underwrite and process their loans- That fee for service is given ...
re: House Buying Question
Posted by TMFBB21 on 8/18/22 at 7:34 pm
Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts.?
Here are the current appreciation numbers:
Fannie Mae - 16%
Freddie Mac - ...
re: Mortgage Lender advice(BR area)
Posted by TMFBB21 on 8/12/22 at 4:36 pm
Stay local is $10/more than Quicken and the money stays in the area - win win if you ask me ...
re: Mortgage Lender advice(BR area)
Posted by TMFBB21 on 8/12/22 at 8:46 am
Also, I forgot to mention, you can get a lower rate of 5.125% that will be $1037. Buy down is only worth it if you plan to keep the loan for x amount of time. If your broker is good, they can give you this estimate. ...
re: Mortgage Lender advice(BR area)
Posted by TMFBB21 on 8/12/22 at 8:43 am
Go local - Better.com and other online lenders are financially hurting. Their model is only for low interest rate times and they are currently scraping to get by. This isnt an option. Many are publicly traded and this is public information. Even loan depot had an article out today that they are clos...
re: Bank of America: Mortgage Rates Poised to Fall Later This Year
Posted by TMFBB21 on 8/11/22 at 1:54 pm
All signs are pointing to this...
re: Mortgage Shopping
Posted by TMFBB21 on 8/11/22 at 8:37 am
Phil Long un Grapevine TX can quote you
C: 214.507.8478...
re: Mortgage Shopping
Posted by TMFBB21 on 8/9/22 at 1:08 pm
This is incorrect- Investors give better rates to loans with MI because it is considered "less risky"...
re: Mortgage Shopping
Posted by TMFBB21 on 8/9/22 at 10:13 am
You can pay your MI up front which sometimes is a better deal than paying monthly until you get to 20% - I would have to quote both options and see what your timeline to live in the house. If you plan to sell in the next five years, it might not be worth it. As for another rate quote, I can give you...
re: Looking for mortgage lender recommendations
Posted by TMFBB21 on 7/27/22 at 1:44 pm
I can give you a quote without pulling your credit for Jumbo loans. Other options are a conventional with a HELOC. Depends what your needs are and your income type. Whatever you do, do not go to the online lenders. If you are buying a house, many real estate agents won't even consider the offer if t...
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