| Author | Message | ||
2009 Side Hero Username: 2009 Post Number: 2491 Registered: 07-2008 Posted From: 72.24.251.127 Rating: N/A |
I did a 80/10/10 loan( piggy back loan) with a credit union to avoid PMI as I am only making 10% down.. 30 yr fxed 3.9% interest rate only down side is they charged 1% origination fee and their other fee is bit higher than banks.. banks charge less fee and make up that amount by charging higher rate and people end up paying more over a longer period of time my 2 c | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1727 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
Thanks Brother.. good inputs | ||
Starc Junior Artist Username: Starc Post Number: 286 Registered: 03-2015 Posted From: 65.204.38.3 Rating: N/A |
kurrokurru points ante. you pay upfront.. 1 point ante 1% of your loan.. if you are saying that i pay 2% then they give you less rate. If they say 0 points then you have higher rate. At the end of the day either you pay upfront or it is part of the loan. if it is part of the loan you pay interest. my suggestion is .. never put raw cash upfront .. go for higher interest rate .. which will give you just another 50$ extra in monthly payments. but raw cash would be really usefull when you get into new house.. raw cash is urs.. everything else is not urs. alway secure raw cash. next : your mortgage insurance also fluctuate .. ask her how much percentage of the loan is mortage if your down payment is less than 20%.. some lenders give you pretty less mortgage insurance.. like 80% for loant value is 85%. you have to learn alot.. all are numbers.. the difference is only whether you pay upfront or later. god bless you.. | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1725 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
oh ok got it | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1723 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
thank you... Mortgage odu currently 4% best rate antunadu and 3.85 will be done with some points basis antunadu.... ee points enti? | ||
Kuyyo_morro Hero Username: Kuyyo_morro Post Number: 17824 Registered: 02-2011 Posted From: 173.169.22.176 Rating: N/A |
closing appudu approve avvali malli. credit check, downpayment etc factors | ||
Starc Junior Artist Username: Starc Post Number: 284 Registered: 03-2015 Posted From: 65.204.38.3 Rating: N/A |
kurrokuru. lock cheyyakunte. you can go ahead and get loan for the rate on thei if you have seen trend and you feel that this is the best rate in last couple of months then lock it. Some times rate might be in up trend. go into zillow and subscribe for daily rate change alerts. after watching for couple of week you can judge. Also you can see last 1 year trend. you can get best rate only once in couple of month. .1 .5 .10 does not make much difference. | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1722 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
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Starc Junior Artist Username: Starc Post Number: 283 Registered: 03-2015 Posted From: 65.204.38.3 Rating: N/A |
lock seshaka.. emi seyyalevu..taggina perigina | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1721 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
Loan already approved | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1720 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
I didnt lock the rate yet...I want to know the process when to lock the rate | ||
Kuyyo_morro Hero Username: Kuyyo_morro Post Number: 17820 Registered: 02-2011 Posted From: 173.169.22.176 Rating: N/A |
There is nothing you can do if you have locked the rate. Only hope if your loan doesnt get approved and rates fall down. | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1719 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
Calling Sony... Ideas please | ||
Kurrokurru Comedian Username: Kurrokurru Post Number: 1718 Registered: 01-2008 Posted From: 71.228.34.39 Rating: N/A |
Mortgage interest lock down process enti.. ee approach best.. Iam now with in 90 day lock period , what should be our approach with Mortgage officer to lock the interest rate. Koncham details please. |