Is it fixed?  Variable?  Arm?  In house?  2nd market?  What is your loan to value(>=90%, >=80 or <70%?
134405
5.375% - 15-year mortgage - refinanced 3 years ago.
580938
Borrowers with a credit score over 700 are typically offered more financing options and better interest rates, but don't be discouraged if your scores are lower, because there's a mortgage product for nearly everyone.\n\nPopulation average....\nUp to 499: 1%\n500 - 549: 5%\n550 - 599: 7%\n600 - 649: 11%\n650 - 699: 16%\n700 - 749: 20%\n750 - 799: 29%\nOver 800: 11%\n\nDetermined by your...\n35% - Your Payment History\n30% - Amounts You Owe\n15% - Length of Your Credit History\n10% - Types of Credit Used\n10% - New Credit
139929
Our bank even offers 100% loans on Investment Properties.\n\nThey are a little more difficult to qualify for, but they are there.\n\nAlso, the interest rates start going up after the 80% mark, so if you are looking for a "cash flow" property, the 100% loans may not work well for you.  It depends on what area you are in and how much you are buying the house for.\n\nIf you are looking to flip the property in a short time, then who cares about the rate.  Just get in, get out and take your profit.\n\nThanks,\nGreg
500879
12%\n\nThe rate paid on the loan is 12% (assuming simple interest rather than compounding). The compensating balance is just cash kept as a deposit, which the company gets back.  This doesn't affect the interest on the loan - just opportunity cost.
297727
I agree with the above answer.  You were right to move on.  My guess is that he realized he misquoted and couldn't get the rate he told you on the 30 year fixed.  Now he's avoiding you instead of taking responsibility for his mistake.  Just a guess.  \n\nThe 2/28 has its advantages and may be the better program for you, it depends on your situation.  I answered a question previously that explained the benefit of an ARM.  Take a look at my profile and check my old answered questions.\n\nI would suggest you find a mortgage broker you feel you could put your trust in.  Make sure you meet them face-to-face so you can get a feel for them.  There are tons of brokers willing to help you in the yellow pages.  When you find one you trust, ask them to quote you on both the fixed-rate 30 year and the 2/28 ARM.  \n\nAlso, check out my blog:  http://explaintome.blogspot.com\nIt will explain what mortgage brokers do and how the whole process works.\n\nGood luck!
256330
If a person ownes a mortgage which is fixed at 5% and assumable, the option to assume the loan becomes good for people who cannot get the same loan.  For instance, A 5% loan is good for someone with terrible credit or who doesnt qualify normally.  Thus, they get the benefit of a 5% loan AND the property.\n\nLoan now 5%\nLoan for Credit risk 8%\nBenefit 3% of property price.\n\nEmail me if you need more details.\n\nGood Luck
539466
rate b = rate a / sqrt (mwtb/mwta)\n          = [rate a * sqrt mwta]/sqrt mwtb\n          = 0.0235 * sqrt64 / sqrt 352\n          = 0.188/18.7624 = 0.01 = 10 x 10^-3...aprrox the same answer\n she got that 9.88 by taking m wt UF6  as 362....lol\nplug it in to see...\nbtw, your algebra was wrong....
557813
It's called a bridge loan.  Most lenders can help you.  The risk is obvious if your current house doesn't sell in a timely manner at a price close to what you expect
220178
Let me tell you the minus part-\n\nBought my grandmas home valued at $595K, took out a loan for 436,000.  Plumbing was $6000 off the bat, interior painting, wall paper removal $1500.  Tons of homes in her area have come up for sale 495K-630K, and a few closed after 3+ months for sale.  Decided to rent the place for $2200, loan is $1750, insurance $90, and property tax is a mess right now.  Rent not covering the PITI ( even on neg am loan).  Gardner's raised fee due to gas, I pay water and trash. \n\nIf I sell, I am subject to capital gains on any money I make.  Based on price I paid, that was never disclosed cause there was no contract I am in a bit of a mess.  They can actually base my capital gains off the price my grandma paid on the home $19,000.\n\nUnless your related to Donald Trump, I would stay away from the real estate investing until you get a grasp on the entire picture.  I am finding it incredibly hard to remember what the basis was for deciding to take on another property.  Even with my own personal income 10K month, & rent for the home I am finding it necessary to balance my checkbook for the first time in my life.  It may turn out great down the road.  To date, its taken entire days away from my regular job, required more up front money then budgeted, caused a potential tax mess, and the worse time to try and sell in a historically desirable neighborhood of custom homes.
298809
You are paying approximately 12.5% interest.  I do not understand what type of loan this is (mortgage, auto, personal, etc.) but this is a pretty high interest rate.  I would discuss refinancing it with someone.
577031
Well, that depends on where the balance of $164,900 is coming from.   Is your down payment $90k or is your loan amount $90k?  \n\nRegardless, do a search on loan amortization tables.  You can put in the loan amount, term and interest rate, it will give you the monthy payment.  There are a ton out there (may even be one in Yahoo Real Estate section).
263115
They are telling you that the 8% interest on the amount financed by the bank is $600.  They are telling you what the simple interest is on the amount financed for the first month.\n\nInterest = Principle*Rate.  Assuming that the 8% interest is an annual rate, what would that be for one month?  8%/12 = 2/3% or .00666666.\n\n$600 = Principle * 2/300.  So, the amount borrowed or the principle was 600*300/2 = 90000 dollars.\n\nIf they borrowed 90000 dollars and it was 90% of the purchase price 90000 = 90%*Purchase price, that means it was a 100,000 dollar house to begin with.\n\nWe can do it backwards to check.  Start with 100,000 dollar house.  Now, make a 10% down payment and finance the rest, 90,000.\n\nThe first months payment on the interest would be 1/12 or the 8% on 90,000 or 1/12*.08*90000 = 600.  Yep, it was a 100k house.
394387
The time is now! I started on October 4th hopping by December 4th When my lease is up i was already out. Well Today is November 20th and I still haven't found my home, the good thing is my loan is already approved, the only thing missing is the house and the long wait between negotiations  and appressal. \n\nMy advise is, get pre-approved or approved FIRST, then start house hunting. The most important thing is to get approved for the best loan before the hunt, which is the easiest part. \n\nMy third application took 30-minutes over the phone with my bank and within 4-business days I was sort of pre-approved.  My original loan amount was for $300,000 which got decline by the underwritter, so I had to talk to him and settle for a $260,000 loan., But a week later, it was finally approved.   \n\n\nSince my original loan amount was decline, I had to look for homes withing that price range in another part of the state. Where I currently live, Homes start at $300,000 and they tend to be small, and needing a lot of work.\n\nMy bank  was my third and last lender, after trying with Credit Suisse which gave me 100% financing at 5.375% then change the terms to 7. 850% for 3-years fixed and 27-years variable without notifying me. \n\nThe second attend was with Quicken Loans, which was a complete waste of time. BTW, if you valued your sanity, AVOID Quicken Loans!\n\nA fixed interest mortgage is the best to go, you don't want to go for one of those "Interest Only" you hear so much about. Thouse will lead you to a foreclosure within 3-year.\n\nFor a 100% financing loan your mortage payments will start the first day of the month 2-months later, mine is set for February 1st. 2007. The monthly payments will  include Principal, Interest, Taxes and Insurance.
441047
ING Direct- Great user friendly interface, no minimum, no BS. Currently paying 4.40%\n\nE-Loan- $5,000 minimum to open, $500 minimum balance to avoid account being closed. However, as your balance drops below 5k, your rate will drop as well. Good if you plan to park money there. Not all the details are on the FAQ page yet, but this is what customer service told me. \n\nEmigrant Direct- Slightly higher rate than ING, but customer service is horrible from several customer stories I've been told. Best to skip this place.\n\nE-Trade- No advice for or against since I haven't reviewed this site.
175951
210,000 is 88% of 238,636.36\n\n206,800 is 88% of 235,000\n\nIf your offer is 210,000 and the appraised value is 235,000 any lender will loan money based on the fact the value of the property exceeds the purchase price.\n\nWill the seller accept the offer?  There is no way to tell as this would be the seller's personal choice.\n\nI am not understanding where the 88% calculation matters.  If your contract specifies that the offer is contingent on the sales price being at least 88% of the value, then you are fine because 210,000 is 89.36% of the value of 235,000.
155176
many states have different policies. i live in north carolina and had my loan sold 3 times but interest stayed the same.check with the state commerce office
211234
1) Do not contact 'motgage guru' since on a purchase there is NO RIGHT of RECESSION; period. You only have a 3 day recession on a refinance of your primary residence. Adding a HELOC to a primary residence is a refinance transaction.\n\n2) It sounds like your getting the shaft... Either cancel if possible or start yelling! Once you sign those docs they are set in stone.\n\n3) On a HELOC the rate is based on the prime rate. When you received your GFE the prime rate may have been lower and then it increased since you got the GFE; currently prime is 7.75%.\n\nWhat it kinda sounds like to me is that your HELOC has an introductory teaser rate for a couple of months at 6.625 or there abouts but with the fully indexed rate at 12.3%. What the 18% is telling you is the maximum interest rate cap on the loan. If you take your 12.3% and subtract out the prime rate you have a margin of 4.55%. What this means is that when ever prime goes up or down, add 4.55 to the current rate and there you are.\n\nIf you want to speak to me in some detail about your deal I maybe able to assit you with a much better product.\n\nKevin\nkruorock@firstratelending.com 866-562-6838 x 106