 Moving out of apartment/ apartment charges? |
| We're in the process of cleaning our apartment before our lease is up (Saturday), and we've noticed a few things. We've been at the apartment for 6 years now, and the carpet shows it. W... |
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 We have a lender that says we are pre-approved and to start looking for properties, but ...? |
| don't you need a pre-approval letter for sellers to take you seriously? He said once you find a property and agree on a price, he'll print up the actual letter with the amout on it, ... |
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 Very confused on home buying .What should I do? |
Which makes for sense. Option 1-Get a house I don't like that much in a good area, for $135,000.
OR Option 2 - There is a house I like more in a good area also, but can't afford.The ... |
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 How much credit do I have to build up before I can purchase a house? |
| I have very little credit and I am tired of living in apartments. I want to purchase a house but I've heard I have to have good credit and at least a credit score of 700. I'm at 560 right ... |
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 Can a prospective tenant ask for a landlord's credit report? |
| I'm moving to a new location and since foreclosures are on the rise, I'm a little concerned about renting. Is it acceptable or legal for a prospective tenant to ask a prospective landlord ... |
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 Can Bank Change Mind after verbal agreement? |
| Last Thursday my real estate agent called and told me that the offer I put on a house was accepted. The bank told my agent that they accepted our terms and will get back to us with a contract but ... |
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 Can i sue the realtor (2 issues)? |
| I am in a current court battle with a local realtor related to my property. 1)She told me that a gentleman was a licensed contractor, and that "his company" could fix some work that i ... |
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 Is it a good idea to put a bid on a house contingent upon my house selling? |
| My house has been on the market for a little over 3 months. We have had several people come through and say they love the house, but no second showing or offers. I have found a house that has been ... |
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 I've lived in an apartment for four years! I'm moving out what counts as wear & tear!? |
| My lease will end at the end of May. I've handed in my sixty day resignation. I also have 2 girls ages 5 and 7! My question is bein as though im moving out. I want 2 kno what all has 2 b done.... |
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 What questions should one ask when buying a home (new or old)? |
| My parents (mostly my mom) are thinking about buying a home next time we move. We were wondering if there were any important questions we should be asking since this is our-well their- first time ... |
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 How long does it take to sell a home? |
| My dad has found a lot of jobs that want him. So thats not a problem. Now the only problem left is how long its going to take for this house to sell. Really, really safe neighborhood. Its in good ... |
|
 OMG, Can I legally break my lease now? Please help!!!? |
| So, I'm in my apartment tonight, relaxing and grateful that I had the evening to myself. All of a sudden I see a 4 foot long snake in my bedroom. I guess it was someone's pet that escaped. I... |
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 The house has been reposessed? |
It's up for £145,000.00 the bank is owed £83.000.00
how much would you offer?
... |
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 What is escrow? |
| We are 1st time homebuyers or fixing to be. I have been researching all these terms, but i dont understand escrow...there's escrow account, escrow on the house. What is this..and i even heard ... |
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wdr31 | Is 6.2% a good mortgage rate these days? |
looking at 30 year fixed, 0 points |
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Morpheous
 |
read the article I provided for you below. It will give you good information to answer your own question. |
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stepup1895
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yeah, I would definitely take it. |
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SoonToBeMommy
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Yes, but rates are supposed to drop again in January. |
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Kevin H
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Assuming you have a 80% or lower loan to value, owner occupied single family residence with no cash out and a 720 or higher credit score with qualifying income I would say take it. You can do a slight bit better, but most will get a worse rate. Why ? For a lender to charge no points they will instead price for rebate. Assuming you can get an actual par rate of 5.875% but your lender prices you at 6.25% in most cases the lender will get a point on the back as rebate. To see proof just grab your old HUD 1 closing statement, or your new one if refinancing. Look for POC or YSP down by the bottom, thats the rebate your lender will get for pricing you up. If the lender uses a direct lending in house product they dont have to disclose rebate and will deffinately make some. No good service provider will ever work their tail off to get you a great deal for free. A point up front is cheaper than a no point loan if it causes the lender to price you up. If your buying a home the seller can pay that point and both you and the seller can deduct it from your taxes. On a refinance the point is paid by adding its cost to the loan amount so it isnt the same as out of pocket up front costs. If your situation is not reflective of the above then its a great rate. |
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Michael Chantrel
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Given 0 points, it's pretty good, especially for a 30 year fixed. You might be able to get slightly lower, but it might also involve points. |
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estee_1998
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Yes, it sounds good to me. |
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SweetBrunette
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I would take it immediately before I lose that opportunity! The interest now is only continuing going up. |
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kishaloy_bhowmick
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What is your credit score and what is the value of the home .If your credit score is good then i will say it is not such a promising deal ,else it is a good one .
Write in details at kishaloy_bhowmick@yahoo.com and i will provide you the best deal (if i can ) or else i will say you to go with that person itself (if i myelf can't do anything for you and none of my known loan officers can do anything better).
regards,
kish |
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David
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Depends on your credit score. If you have excellent credit (think 720 or above) you can do a bit better. If not, then you will be lucky to get a loan for 6.2%. |
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m c
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That is close to good for someone with no credit score at all. |
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