 Is it possible to buy a home with nothing down and zero out of pocket expenses? |
| I see all of these info-commercials that say you can buy a home with nothing down and zero out of pocket....Is this really possible? Can this be done without being expected to pay outrageous monthly ... |
|
 Inspection report was not good...am I obligated to buy the home? |
| This is my 1st time buying a house. The inspection results were not good...black mold, termites inside & out, incorrect electrical wiring, evidence of flooding in the basement, the balconey was ... |
|
 How long does foreclosure stay on a credit report? |
| My mom's house in CA is unfortunatly going into foreclosure and I was wondering how long that would stay on her credit report or if it's on there permanently.... |
|
 I have a friend who lives in apartment in which the landlord told her she won't be resigning the lease? |
| According to the landlord she has family members who needs the apartment and they have no where to go. My friends has proof of her payment for every month for the 2.5yrs she has been living there. S... |
|
 What's the cheapest housing area within 3 hours of Los Angeles? |
| Looking for a rental house and need to occasionally commute to the city but have to cut back on cost of living. Rental sites I've used are really difficult to figure this out without a whole lot ... |
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 Bank of America won't refinance our house although we have a first and second mortgage with them now.? |
| Our property is a unique home, made of steel with a metal roof, finished out normally inside with 2x4 walls, etc on 10 acres, but because there are no homes similar in the area that have sold in the ... |
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 What Will Happen to Mortgage Co.s' After Foreclosures? |
| We live in CA and have 2 homes that will be going into foreclosure. Countrywide will not negotiate with us. What will happen to them when they only get maybe half of what all these thousands of ... |
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 I want to buy a house,and i am paying off debt.Should i close credit accounts or leave them open? |
Specifically i am talking about credit card accounts. I opened up accounts to bulid credit,and now i am paying them down. Im looking at about a 1 year timeframe.
Should i leave the accounts ... |
|
 Want to help my brohter pay his mortage.? |
hi,
I live with my older brother in his house for free. Now I graduate from school and have a job nearby. I may still stay in his house for a while, but since I already have a job, I figured I ... |
|
 What are the laws regarding what my old apt. complex can charge me for replacing my carpet? |
| There was some damage in the bath and it was noted in my move out. She said she was going to get her carpet guy to quote it for repair. (I had the carpets cleaned the day before my final walkthru). N... |
|
 Is is rude to request to not ride with realtor while looking at homes? |
| Husband and I are driving 3 hours away to look at some homes soon and the realtor wants us to ride with herin her car. The rpoblem is-We have done this before and we cant really tell how we really ... |
|
 Why won't my house sell (asked before but with more info this time)? |
Okay, I asked this question earlier but evidently didn't share enough specific information.
My dilemma: my house has been on the market for 13 months. I have lowered the price ... |
|
 Can I move the right of way to my neighbors house? |
| There is an existing right of way to my neighbors house directly behind my house. I want to put a nice new driveway in that will connect the main road to their house but not go directly by my home. ( ... |
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Mr. F | Is this is good mortgage interest rate? |
I got a 6.8% on a 100% financed $181,000 mortgage. I have about 8,000 in savings and a 760 credit score. Is that a good interest rate for that type of mortgage? |
 |
 
Heidi
 |
It would seem high if you were to just consider your credit score. You should be very proud of that score by the way!!! But looking at the $181,000, that interest rate is not bad at all. Hope you bought something very nice and good luck!~~~~ |
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golferwhoworks
 |
yes it is |
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marxistharpist
|
Yeah that's pretty much the best you are going to get, because it's 100 percent financed. |
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YayArea
|
Anybody can sit here and tell you that it is a good rate and some may tell you " I can do better, call me or visit my website" but from experience I can tell you that it takes more than just the loan amount, your savings amount and your credit score to find out if you are getting the best rate.
GENERALLY, which is what everyone has done here, you are getting an ok rate considering the 100%.
APR are not very reliable because it is calculated very differently from one type of loan to the next.
Hope that answered your question. |
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John D
 |
There is more to your question than you may realize and no one can give you an exact answer without a few more details.. Is the rate quoted on a fixed rate loan or adjustable? Make sure if they are telling you fixed, that it is fixed for the entire repayment period and not just fixed for two years. I am refinancing myself and have learned a lot from my own mistakes and also from reading a lot online. Ask a lot of questions. |
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achievablemortgages
 |
That's a great rate for 100% financing. |
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DebtFree
|
check out:
http://www.bankrate.com |
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KpoBanker
 |
If that is with no origination fees that rate is too good to be true. |
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lenderjayne
|
Actually a very good rate for 100% financing, unless you qualify for a first time homebuyer program in CA. Those rates are a little lower.
But, what you didn't tell everyone is what type of loan it is, 30 year fixed, how much the lender is charging you for that rate. What is their points and lender fees? Sometimes lenders don't show the cost in points because people are concerned how many points there are and they will bury the cost in lender fees. If fees seem reasonable then great! Unfortunately the last few weeks interest rates have been creeping up again. Despite what the media shows. They run about a week behind everything. |
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cpb
|
With your excellent credit score you may be able to do better. The average rate on 30-year fixed is about 6.63%. The rates you are getting may be higher though since you are financing 100%.
Definitely shop around - there can be failry significant variations between lenders.
Check with a few of the large banks (Chase, Wells Fargo) and also talk to some mortgage brokers. See who has the best deal.
Make sure they give you a good faith estimate, so that you can compare all the fees, closing costs, etc.
Pay particular attention to the APR, because that is the easiest way to compare which is the best deal. The lower the APR, the better. |
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