What kind of rate will we get on our loan (mortgage)?
148202
1- You are looking at a rate of 6.25% in IL. I ran it through Provident Funding as a 30yr fixed, full doc, 80% LTV/CLTV, second home, $288,000 loan amount, with a 21 day lock period. This assumes all the information you supplied is accurate, and that your DTI (debt to income) does not go above 50%.\n\nThat is a rate that the mortgage company would be ok with selling you. If you are being quoted higher than that, then feel free to talk to me and I will let you know if you are getting a fair deal or not.\n\n2- Your Mortgage company can usually get you at least as good of rates as your local bank, unles you typically carry a very high ballance with them. You would be surprised ... you Mortgage Company is propbably signed up with your bank to do loan through their wholesale side, as opposed to your retail rates they would offer you direct.\n\n3- When a good time to go through with it is completely up to you. If you are in a situation where you can offord it, and are comfortable with it, then do it now. No one can make that decision but you.
94422
Get on the phone and get good faith estimates. It will take a while to give them all the info but may be well worth it. Get at least 5 if you really want to be sure you have a good deal. You might also try a mortgage broker, they can take your info and hook you up with the best lender they have access to for your particulars.\n\nThe problem with strictly trying for a lower rate is that someone can give you higher fees and a lower rate no problem. \n\nIf you are not financially savvy and just love crunching numbers into the wee hours of the morning with your spreadsheet program then just compare the APR of each offer. This is actual percentage rate which takes the fees into account. \n\nThe same lender can give you multiple options if you have a particular need such as fewer up front costs. They can raise the rate to lower the fees in the for of points. Then you can compare apples to apples between lenders and see who really has the best offer.
170165
it all depends on your fico score. The lower end rate right now is anywhere around 5.9 to 6.5,(this is in loan amounts lower that $417,000) in order fot you to obtain this kind of rate your will need to have a average fico score >720 and no derrogatory history on your credit report. The lower your fico score or derrogatory history the higher your rate is going to be. As you know, the federal reserve keeps raising their rates in every meeting by a .25 of a point, and the higher they go, the higher rates will go as well. \n\nHope that helps,
776448
Assuming you have a heartbeat, you will get a loan.\n\nFrom there, your credit, remaining assets, income, and debt ratios will all come into play as your interest rate is determined.\n\nBut you can pretty much have been foreclosed on yesterday and get a new mortgage today if you put 30-40% down payment.
623592
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.
972862
Assuming you're paying no points, a 4% DOES NOT EXIST on a 30 Yr fixed rate mortgage.  The par rate (industry lingo for no points) is around 6.250%.\n\nThe poster's question looks suspiciously like an advertisement for the website.  I can't provide any proof, but I see it all the time on different message boards where the poster poses a question as if he/she is a consumer, and then provides a link to the website just to get people to visit.
727594
I am US-based so I can't speak of Canadian rates, but can give you some general info. Rates are based on the following:\n1. Your credit score\n2. How much the down payment is (in your case 0%)\n3. Property type (primary residence, investment, vacation)\n4. How many units - 1, 2, 3 or 4\n\nPlease note, with 0% down you should expect the rate to be slightly higher than had you put more down. Can't say by how much - might be different in Canada.
208393
What is the interest rate?  and what is the principal amount?
253596
its around 4-5%. i have a student loan and my interest rate is 4.6%
819863
Shop shop shop for your loan.  Different lenders offer different deals depending on how much money they "have to move".  Sounds like you want a fixed rate loan.  Don't pay "points" or loan origination fees unless the difference in the interest rate provides a lower payment that pays back that much money in the time you are fairly certain you will stay in the home.\n\nYou have some chance that you will lock in a fixed rate and then rates will fall later, but rates are fairly low historically still.  You probably face a higher interest rate risk by taking an adjustable rate mortgage, and you have said you don't want that kind of risk.\n\nIf you are buying a starter home and know you will be moving in 5 years or less, consider a 5 year ARM (adjustable rate mortgage), but only if the rate is a meaningful amount less than the current fixed rate mortgage with the same (other) terms.
70668
They will offer you an 80/20 percent , 2 loans, the second will be the downpayment, and 2 years will be INTEREST ONLY!\n\nBe sure the loan officer not add too much for transaction...
119669
yes the rates now in repayment 5.3 for staford loans and for plus loans 6.1 after june 30 the rates will be 6.8 for staford and 8.5 for plus but the rates will be fixed condo with the dept. of ed. what people dont know all companys are the same the gov. regulates them but if you go with the doe you can condo later with aney one but if with a company you will be a single lender.
569833
Hey Dude,\n\nThe usual answer is: it depends. Here is a summary of the loan types you are talking about:\n\n80/20: This is a no down payment loan at 100% of the purchase price. This loan will avoid having to pay PMI. The rate on the second is typically higher than the rate on the first mortgage.\n\n100% Single loan: Can't think of a good reason to have it since you have to pay PMI that is not tax deductible. On the 80/20 loan you can deduct the interest. You would have to wait until the loan balance is 78% of the property value before you can get it removed.\n\nFHA: this can be a great loan if your credit is a little shaky. You need to put 3% down, or have the seller be willing to work with you on a down payment assistance program. If you can't qualify for good rates on the 80/20, you may still get good rates on the FHA. If you have good credit, then this is not a good loan to have as you will have to pay MIP (Mortgage Insurance Premium).\n\nJohn Visser
497844
An ARM is an Adjustable Rate Mortgage and the Index is what point of reference is used to calculate your rate as the rates change. Your mortgage probably says the rate is adjustable, based on "XYZ index plus however-many-percent." So, if your Index is the Wall Street Journal Prime Lending Rate and your plus-percentage is 3 percent, then when the Wall Street Journal says the prime lending rate is 5%,  the rate on your mortgage becomes 8%.\n\nThe indexes are not really based on each other so which index is the basis for your loan could have a significant impact on your mortage.
750725
20 percent.\n\nGet a 15-year fixed mortgage for the rest.
913295
Easy, as much as you can afford!, \n\nAt the minimum I would suggest no less than 25% but the more you put on, the less interest you will pay in the long run and you will be mortgage free years ahead of schedule!\n\nWhen we brought our first house we put every cent of savings we had on to the deposit (dont be fooled going for the minimum payment, it adds thousands to the interest!)\nwe also went for the shorter term (25 years instead of 30) to help force us to pay it off quicker (you can always re-mortgage if you get in the poo).\nAnd then we proceeded to put 50% of our income on it for the first 3 years, we have now lowered our payments as we are traveling and renting the house out, but once we return we will put the payments back up.
217256
need more information to answer your question, I am a mortgage broker, just e-mail me with more specific information and I will try to help you with you question