 Do you think this is too much money? |
| a furnished suite with own private entrance for rent in a modern home. it's a large oversized bedroom with a sitting room and private bathroom with a shower. it features in floor heat, cable tv, ... |
|
 My landlord refuses to accept my rent payment- she wants to evict us and has decided this is the way to do it- |
| we are in the middle of a lawsuit against her because her property we are renting is full of mold and she refuses to provide us with reasonable accomodations or fix the problem. Now that we have ... |
|
 How much rent should one pay a boyfriend who owns his house and makes 3 times as much as her? |
| My sisters boyfriend just bought a house. She has not had any decision making abilities and no say so in any of the shopping, buying, decorating, etc. of the purchase of the house and everything in ... |
|
 What will mortgage rates do in a slowing economy? |
| I am right on the cusp of where it would make sense to refinance my mortgage. I already have a fixed 30 year at about 6 percent. If rates continue their decline it might make some sense to refi ... |
|
 Things to know before moving into first apartment? |
| I am 20 years old and I am moving into my own apartment (alone) and I would like to know some tips on living on my own.... |
|
 We have been looking for a house but I havea few questions? |
| We finally found a house we really like it has been for sale for a year but they are having an open house this weekend. Will this bring in a lot of other offers? Also I was just looking and seen ... |
|
 How does a person with bad credit and no down payment get to buy a home? |
| I have low credit and my boyfriend has good credit. How do we go about getting a loan? We have never owned a home and do not have money for a down payment, or at least not the amount of what they ... |
|
 How can i keep my apartment not my boyfriend.? |
| we live together in an apartment and share the rent and whatnot but i can pay rent myself and don't want the boyfriend anymore. I don't want to fight over the house but all his stuffs there ... |
|
 I never signed the contract? |
| We have closed on our house and since then my fiancee & I have found major problems with the house that we were not aware of when were buying, My realtor thought it would be helpful to forge my ... |
|
 What happens when you walk away from your home? |
| So, the home is not worth what you paid for it. You are going to lose your downpayment and then some. Can the bank come after you for any difference between your purchase price and what you try to ... |
|
 Where is a cheap place to buy a house? |
| I really don't care about location. I am in the military and will be retiring in 10 years. I want a house waiting for me paid for. I have no family so I don't vare where it will be located. ... |
|
 Why are rising house prices 'good'? |
| generally speaking rising prices are bad, inflation and we have the Bank of England raising interest rates. However it seems that housing inflation is good for us.Who really benefits from this since ... |
|
 Is this a sign of a bad realtor? |
| My house has been on the market for about 3 weeks. First off, when he came by, he kinda made me feel like my house was crappy, and it aint. But the main thing that is bothering me is that I haven�... |
|
 Why would a 30 yr mortgage loan at a fixed interest rate of 6.25 go up $250 in a month? |
Additional Details
I checked my papers and it is a 30 yr fixed rate loan and when I called them the said it raised because of my taxes. Yes I am escrowing the taxes. I still feel like ... |
|
 No Money down Mortgage? |
| I have sketchy credit score, but the house I am looking at is about 160,000, and I make about 55000 per year. will i be able to get a no money down loan, or will i need a co-borrower with good ... |
|
 My mortgage company wont help me? |
| I fell behind in my mortgage payments and am now facing forclosure. I was advised to contact my mortgage company, they are required to work with me under some new laws. They are continuing with ... |
|
 What am I supposed to do about my landlord? Real help only please no crap.? |
| I moved to an apartment in the middle of March. Maybe a month later I found out that it had a leaking problem in the kitchen. It is now to the point that it is leaking above my sink and above my ... |
|
 Do we both need to get renter's insurance? |
| My friend and I are moving into an apartment together. I just wanted to know if we both need to get separate renter's insurance policies, or if one of us can get it and the other's ... |
|
|  |
pieface | Is this a good rate on my mortgage? |
100 Percent financing.
30 Year Fixed rate
6.0 Percent interest
$170,000 loan on a duplex in Great Falls Mt 59401.
No pre-payment penalty or any "hidden suprises"
great mortgtgage broker
Both my co-signer and I have credit scores above 770
Additional Details
There is no PMI |
 |
 
mule0331
|
6% is about the best your gonna get right now. It's about the national average. |
|
pikap170
|
Yes that sounds like a great rate for right now... if you can wait another couple months though the rates are supposed to drop another quarter point from what all the news reports are saying |
|
Lisa
 |
With 100% financing you are not going to get any better. Don't forget to include insurance and taxes in your budget or you could be getting in over your head. |
|
justagorilla
|
in California it would be a pretty fair deal for a first time buyer |
|
Gregorio
 |
You need to know what your PMI is being calculated at, I would suspect probably at .96. That could be a "hidden surprise". Ask your broker how much it is and if it's due up front.
Edit:
Well, you just found your hidden surprise. It's impossible for you to have a 100% loan, all of it at 6%. Either you have an 80/20 and the 2nd has a higher rate or you are paying PMI. I suggest you contact your great broker and clarify that before you get your surprise at closing.
Edit again:
To everyone that keeps saying 100% financing is extinct, please stop. You have no idea what you are talking about. Fannie Mae, freddie Mac and even 97% FHA is going stronger than ever since ARMs are not the flavor of the day. Fixed rate 100% financing is safe and secure and anyone that says you can't get 100% financing is clueless. I certainly would never ever work with a REALTOR that had no idea what financing options were available. That's very, very sad and a complete disservice to their clients!
If you plan on keeping your home, 100% financing is perfectly reasonable since the payments never change (that was the problem), and if you can make that payment for 30 years, what difference does it make with fluctuations in the housing market. Some REALTORS should be forced to be educated on mortgages before they offer their ridiculous "opinions". |
|
hello
 |
Yes, that's a great rate, you can show it to a real estate attorney if you want to be sure. |
|
Gary
|
Your monthly payment is around: $1,020 per month. Total cost that you will pay for this mortgage would be: $367,200 of which $197,200 is for interest. Sounds like an average duplex to me. |
|
tianaramal
|
I am closing on a condo in NY on Tuesday. My total rate is 6.5% with .75 points with Countrywide. I am putting down 5% with one 95% loan. They boosted my rate which was originally 5.875% up .50% for mortgage insurance (it's called TAMI tax advantage mortgage insurance) and an additional .15% for no escrow account. The advantage of TAMI is that you get to pay off some of the prinicipal portion of my total balance instead of towards PMI (which doesn't decrease the loan balance and despite what your banker tells you it's a pain to get rid of) also it beats paying a high interest for a 2nd mortgage. The 80/20 will have has two loans , one at 6% and the other @ some other rate (probably around 10%). The problem with the 80/20 is that you will have two mortgages and as of right now no bank will give an equity line or loan with those 2 liens on the property, should you need it. I tried to work with a broker and they wanted to charge me 2 origination points and 2 discount points. Countrywide charged me .75 points with a $1,400 origination fee. Going directly to bank maybe a better than a broker. |
|
Martine
|
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month<!--therefore it is always a good idea to keep an eye on what the rates are doing. If interest rates should rise, so will your monthly payments and again, if interest rates were to fall, so would the amount you would have to pay.
http://mortgages-finance.awardspace.com/Mortgage-Rate-Compare.htm
Monthly repayments made on your mortgage and the amount that was borrowed, is determined by current mortgage interest rates. Different-->companies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender. |
|
godged
 |
I find this scenario highly unlikely, and you are heading for some bad surprises.
First, 100% financing is extinct. Next, If you have 100% financing without PMI, it is likely you have an 80/20 loan. The 20% loan is going to be at a signficantly higher interest rate than 6%.
You need to read the fine print on this before you sign on the dotted line, something is not right with the package you tout. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 9 minutes(s) ago
| | | |
10 | 16 minutes(s) ago
| | | |
10 | 46 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 1 month(s) ago
| | | |
8 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
