IS 2% Fixed interest over 30 years a good rate for a home loan?
607548
So not realistic! Not even if you had a 850 FICO score and was the Pope! If you respond to that e-mail, you are going to get hosed, dude.
250269
Not too good.  You should need a score of around 700+ to get the best rates.  The other answers are correct-probably 8-10%.
383944
You need to pay careful attention to how you will pay for the house by the time you retire, or how you will make payments after retirement.  The most common mortgage loans have terms of 30 or 15 years, although with very good credit and a little research you can get one with whatever term you need.  For a first-time buyer 14 years from retirement, a 15-year term may be your best option.  The monthly payments will be higher than a 30-year loan, but the principal component will be higher and the interest portion much lower.  Total payments (the sum of all payments) will be much lower.\n\nDO NOT get a variable rate loan, an interest-only loan, a baloon loan, or any other exotic instrument.  Get a fixed rate loan.\n\nIf you are not satisfied with the rate of return on some of your investments, that money might be more productive invested in a house.  If you have enough in your savings accounts to make a substantial down payment on a house (10%-20%) and still have enough to satisfy your retirement plans, and you have good credit, you should definitely consider that.\n\nBuying a home is one of the largest, most important decisions most people will ever make.  It can also be very complicated.  You don't provide enough information to permit an accurate accessment, but with no credit card debt, some savings, a 401(k), and retirement plans, you appear to be a very good candidate for a home purchase.  Price some of the homes in the area you like and look online to see what lenders are offering in terms of rates and required down payments.  You may already be qualified.
996091
Hi I work for a mortgage bank people with good credit  700 and above going full doc (W2 etc.)  0 x30 ( no lates) on your mortgage  no bk  good clean credit you are in the range of 6.75 with no PMI or MI even over 80 ltv this is a 30 fixed mortgage with no buy downs (read GMAC & quicken fine print) If you have any other questions please email at johng@oldmerchants.com
369088
If you got 3% interest annually it would be at $572.18 now.\n\nI get 3% on savings at my credit union, bank rates will be lower.
315501
Unquestionable, save the money for a down payment.\n\nHaving money down (at 95% or less) will usually represent in a lower mortgage interest rate.\n\nThere are other considerations, too.  Student loans I believe are at a 4-6% rate once past deferrment, and they are tax deductible.  You should be able to have an after market return on investments higher than this payment rate.\n\nMortgages are good, too.  At 6-7%, you'll be building equity in a house, that you should be able to sell off at a profit sometime in the future.  Not to mention, home equity loans are frequently the method that most people use to pay for little jr's college, someday.\n\nDon't pay any higher than the debt service on either of these obligations.  You'll typically do better financially being liquid and investing the money at a higher return elsewhere.
15075
Something you do not want!\n\nAjustable Rate Mortgage...this percentage interest on your mortgage will change based on a percentage over the goverment's T-Bill, which changes for inflation throughout the year. If interest rates are VERY high, say over 8-9%, you may wish to get a low Adjustable Rate with the idea that it will go down in the future and you can then refinance a fixed rate at that time...or...if you are making little money now and need a low payment but are certain that you will be able to afford a higher payment in the future. These often have maximums that they can go up per year, but eventually they are going to give you a much higher finance charge and interest paid over the length of the loan. \n\nA low fixed rate is preferable if you plan to make payments for the lenght of the 15 or 30 year loan and don't want to pay a lot of interest ;)
1013897
Open your mind set beyond the last 4 years when interest rates were super low.  They are STILL low to people who have had mortgages 10-15 years ago when rates were 10%, 15% and even 20%.\n\nOnly people getting mortgages within the last several years think rates are high now.  Explain to them the long term history of interest rates.\n\nFind people with HELOC's and convert them to Fixed rate loans.\n\nAs mentioned previously, there are many people with 2/28 and other ARMS that are going to want to convert to a fixed rate.\n\nAttend a few Real Estate Investing group meetings.  There are always people investing in Real Estate.  Be there when they need you.  Don't start out being pushy, just get to know them and be there often.
392627
At what interest rate and for how many years?
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.
750725
20 percent.\n\nGet a 15-year fixed mortgage for the rest.
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.
524671
getting a 30 year mortgage!
253596
its around 4-5%. i have a student loan and my interest rate is 4.6%
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.
139549
your rate is 2.25 plus the treasurey index at the time of your adjustment. (yearly, every six months, etc.) I am a mortgage broker if you need to refi email me, I can answer all your questions.
474177
Interest rates very by company.\n\nYou say A+ credit, but one companies A+ may be another companies A.  DTI (Debt to Income) ratio will also factor in the interest rate that you can get, the higher DTI the higher the interest rate.  Also residual income will play a factor, the lower the residual the higher the interest rate.\n\nThe fact that you are getting a loan for a second home and it will be 100% financed will also raise the interest rate.\n\nI can't tell you what your rate will be, but I suspect it will be higher that you think it should be.