♥ ☆ StarLiteGrl~98☼1 ☆ ♥
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That sounds like a good rate! |
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Studly
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I will echo what CyberDave said....
That is a very good deal. But if it sounds too good to be true, it usually isn't. So be vary carefull and read the fine print. Better yet, ask a lawyer to review it. |
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margaretswett@sbcglobal.net
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4% at 15 years is awesome, but not many have the money to make the monthly payments (could be up to double) for a 15-yr loan. If you can, sounds great! |
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tp3bop
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no it is way better than prime |
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Jenster*is*flipping*you*off
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prime is 7 right now so thats really good
however, becareful these so called "quotes" arent all that
accurate sometimes, ecspecially if you get one from a broker
or worse the internet. they may be fixed for only a couple of years, or may be an interest only program, im a loan officer at a bank and i havent heard of rates like that in a while so i'll venture to say that theres some kind fo catch. if you want a straight answer, no bs, please call me
at 866-242-6689 ext 5002 for a free honest quote.
good luck
Jen Caluori |
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jgmeier93592001
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There are two things that your going to want to ask for from the lender.
1) TIL (Truth in Lending Statement) - This form will inform you if there is a balloon payment on the 180th month. It will also inform you on the payment schedule for the life of the loan. APR will also be disclosed on this form. If your APR is 1.000% percent higher than your quoted 4.000%, you might have hidden costs in the loan.
2) GFE (Good Faith Estimate) - This will give you a break down of all the fees that will be associated with the closing of your loan. If this is a no point loan program, you need to search the GFE for any large costs in closing fees. Normally, they will place it as a Commitment fee.
Bring the TIL and GFE to the closing table. Make sure that your attorney has a copy also. If they try to charge more than the original disclosure, you have a foot to stand on, however if you fail to obtain this information, you will be stuck paying for a large closing. Hope this helps... |
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npemtiv
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I consider that a very very good loan rate. Keep it. |
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stevemorris1
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it de[pends on how many points you have to pay to get the loan. The interest rate is more than 1% below the national average for a 15 year loan, so that seems good. But since this is the second of these questions I have seen, I think you are spamming yahoo answers. |
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sasster0129
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very good! as long as there are no points. |
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Retarded Dave
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Average is 6%! ALL loans providers will quote you less than the average to get your business be careful! |
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Frankie V
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Sounds pretty good! Are you sure that it is Fixed? If it is, check on balloon payments and make sure that everything is on the "Up and Up". But a straight 15 year fixed rate of 4% sounds really good.
Check out E-loan.com to get a "second opinion" and see what they come in with on a 15 year loan. |
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DASHIRL D
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This is good. |
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