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bignate76
| Favorite team: | Texas  |
| Location: | baton rouge |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 713 |
| Registered on: | 2/20/2008 |
| Online Status: |
Recent Posts
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jersey just for you i am going to hunt my email for the link to that article. i do benefit from more real estate transactions but i am speaking the truth. house prices are down interest rates are down. if you have a good job and can afford a house why not buy. go ahead wait until the market turns around and the prices will go back up and so will the rates. and then everyone will be talking about what they missed on buying.
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i agree with you on certain markets mile high. but a lot of markets out there are not as bad as the media make it out to be. baton rouge has the 7th strongest market for instance in the nation.
best stop near lafayette,Ray's in opelousas. only two i can think of
your way ahead of yourself. to be honest with you within the next 3 months there want be to many lenders letting you put down just 5% alot of them have already gone to min. 10% down. FHA will always be 3.5% down for the time being. you should be able to get a rate under 5% for the next 2-3 months. its hard to judge it after that
i have noticed that the condo's are under 100k funny thing being at the high point i remeber them being 115k
DTI,credit score and downpayment..thats the big 3
guys the rate moves everyday.so if someone quotes you a rate one day not unless you lock it more than likely it will go away. the good thing is it will come back. 4.5% rotates itself out of the mix twice a month. so like i stated earlier you just get inline and a lock when your file is close to being done. not unless your broker has a company with blazing fast turn times
re: Mortgage Rates
Posted by bignate76 on 4/1/09 at 12:31 pm to Will Cover
I work for Van in baton rouge
get pre approved due yourself that favor. its easy quick and you will have an idea of total cost.
re: Should I Refinance - Please Help!
Posted by bignate76 on 3/31/09 at 5:26 pm to HappilyBlended
you have a 5.5% rate. to make it worth your wild you need to go to 4.5% and drop the pmi. take your loan amount and multiply that times 3.5% . thats your average closing cost.
i do this for a living.
i do this for a living.
re: PMI: Someone explain this to me again?
Posted by bignate76 on 3/31/09 at 11:09 am to prplhze2000
AIG=Biggest PMI insurer out there..
that should answer the question.
that should answer the question.
re: Mortgage Rates
Posted by bignate76 on 3/30/09 at 4:10 pm to Colonel Hapablap
bankrate is the national average of interst rates. most people dont know that your rate can vary from state to state. texas being the best state to get a great rate. there rates are .25 better than most. bankrate is only going to help you see what everyone is doing. find a good mortgage guy .
re: Mortgage Rates
Posted by bignate76 on 3/30/09 at 4:05 pm to Colonel Hapablap
yea working on Colonels loan...ask him about his rate ...
those no closing cost deals are wierd some are good some arent. but he rules have changed as of april 1st . you must now put down 10% if you are not going FHA. yea swallow that one
sick this morning then i brought my arse to work and its been a busy day..i almost forgot to check in on the money board..i know i need to be :spank:
re: Quicken Loans question
Posted by bignate76 on 3/30/09 at 3:58 pm to LSUStjames
quicken is a joke..really 4.375 with a 1.5% buydown..try locking that...thats about right for todays rates but before today you were paying for 4.5%
re: Question for those in the home mortgage industry...
Posted by bignate76 on 3/26/09 at 3:14 pm to Melleaux Tiger
you have to put a 10% down if you want a non fha loan. and by the size of the house you cant do FHA . also you debt to income ratio cannot be over 41%..
if you are in one of the trendy parish's (livingston or ascension) then you are going to overpay. those areas are over built and the prices are about to tumble. its a buyers market but the buyer better do his research.
the son of the legend Jim Jeffcoat. i like Texas chances..
re: Fed to buy $750 billion more of mortgage backed securities
Posted by bignate76 on 3/18/09 at 5:13 pm to Colonel Hapablap
no way..the rate may not stay at 4.5 but it will stay under 5% and thats fine with me
these rates are here to stay for about 6 months according to the Fed. they keep buying rates will stay low.
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