2006-06-06 13:32:24 · 4 answers · asked by tag 1229 2 in Business & Finance ➔ Renting & Real Estate
If your credit report is clean and the score is over 700 without buying down the rate you are around 6.5 30year fix P&I loan
2006-06-06 17:10:54 · answer #1 · answered by jon g 3 · 0⤊ 0⤋
welll....seems like you've gotten the answer to your question already and I would concur. However, the real question that you should be asking is WHY should you get a Fixed Rate loan? In most cases...not all, but most...a fixed rate loan is equivalent to buying a car from a dealer and paying the sticker price. You don't have to pay that much, but it's the easiest, fastest and least hassel way to buy. There are MANY other loans that may result in a siginificantly better rate and monthly payment that are safe for the good borrower (steady income, good credit, etc.) Don't be afraid to look for an ARM (Adjustable Rate Mortgage)... ESPECIALLY if you don't plan to stay in the property for more than 5 - 7 years!!
2006-06-13 16:58:05 · answer #2 · answered by Bo B 1 · 0⤊ 0⤋
This changes all the time, but 6.25 is pretty good.
2006-06-06 20:35:46 · answer #3 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
6.0%
2006-06-13 18:49:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋