2006-08-10 03:35:33 · 9 answers · asked by John M 1 in Business & Finance ➔ Renting & Real Estate
i want the best rate morgae for the hole term of the morgage eg 25year morgage set at eg5.8% for life of morgage
2006-08-10 03:51:44 · update #1
best rate morgage set for the hole of the morgage eg 25year morgage
set at eg 5.8% for the full 25years
2006-08-10 03:54:29 · update #2
You cant get a 5.8% on a 25 year mortgage unless you pay buy down fee's...
It was available 3 years ago at 5.8%, but then again, Gas prices were at $1.70 - $2.00 per gallon at that time as well...
Rates have been on a steady rise for the past 3 years... If you have GREAT credit, Great income, LOW LTV ratio, etc.... you may be able to qualify for a 6.5% fixed on a 25 year term without having to pay buydown costs......
I myself never suggest buying down a rate unless you plan to be there for a long period of time...
You say you want it fixed for the life of the loan... Is this the house you plan to stay in for the next 25 years?
In that canse, it may be smarter to pay some money to get a lower rate... As long as yo uwill be there for at least 7-10 years, you will actually save money in the long run... Even if you pay a couple thousand to get a lower rate, you will probably save over ten thousand in 5-10 years if not more!!
Depending on your qualifications, you may ne able to get into that 5.8% fixed, but ytou havent given any information to accurately let you know...
What is suggest is you talk with a professional such as myself, and get EXACT INFORMATION AS TO WHAT YOU QUALIFY FOR!!!
You will then know what is going to best for your particular situation... Whether you talk with me or not, ill say just be open to what the mortgage consultant has to offer your way...
If they are licensed and ethical, they will advise you on the best option... Remember this is what we do for a living... The most of us are trained licesned, and qualified to educate you on the best mortgage option...
My name is Jason Fry, i work with Providnetial Bancorp, a nationwide mortgage lender.. Feel free to contact me at 312-264-6448, or email me at jasonf@providential.com..
I look forward to assisting you!
Jason Fry
Licensed Mortgage Specialist
Providential Bancorp
312-264-6448
2006-08-10 04:18:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Cheshire BS offer a fixed rate deal for 25 years. However, you need to contact an independent mortgage broker who will be able to identify your needs more closely and confirm whether this product is suitable for you - or if there are any other products which are more suitable.
With any mortgage, you need to identify your exact and potential future requirements. For example, if you think you may move within 10 years, then you'd need to make sure the fixed rate was either portable (transferable from one property to another) or that there was little/no penalty for settlement.
Also, depending on your circumstances (e.g. full time employed, self-employed, credit history) will vary the range of mortgages available to you.
2006-08-11 07:09:08 · answer #2 · answered by nemesis 5 · 0⤊ 0⤋
Cheshire are currently offering a 25 year fixed rate at 5.97% with £595 fees to 95% LTV. Kent Reliance and standard Life also advertised one recently however, I am not sure if these have been withdrawn due to the recent rises in rates.
Would suggest you seek advice as this may not be the most suitable product for you and could incorporate some lengthy tie ins.
Contact me if you need further help
2006-08-10 04:26:27 · answer #3 · answered by Valiant 3 · 1⤊ 0⤋
and the question? The mortgage rate available to you will depend on your circumstances, it is not advisable to have a deal for 25 years - in fact I don't know any lender that does one. You cannot ask what is the best deal on the market - because there isn't one - its your credit score and credit file which dictates what rate will be available to you. Seek professional advice sweet, it really is not that straight forward. E-mail if you need help. Good Luck. Mortgage Packagers are not qualified to give advice. You cannot go direct to a packager (they are there for intermediary use, Brokers) and if you do they are breaking the law and you are in danger to being sold a mortgage that is higher in interest than need be, and building societies cannot give advice either.
2006-08-10 03:39:25 · answer #4 · answered by MSMORTGAGE 3 · 1⤊ 0⤋
I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage loan no matter what your credit is
916-860-0804
keyon
2006-08-10 05:30:00 · answer #5 · answered by Keyon F 2 · 0⤊ 0⤋
no longer that undesirable. 6% is about a a million.5-2 aspect cost. which ability upload a million-2% of the deepest loan volume to ultimate prices. this may possibly artwork out to at least a million affordable aspect and a million ORIGINATION aspect. Drop me a note in case you want extra clarification or see some figs. extra - for a three relations, the conforming (no longer jumbo) reduce is 645.3K
2016-11-29 20:14:20 · answer #6 · answered by basinger 3 · 0⤊ 0⤋
Types Of Mortgage
By: Michael Aldridge
This is a good starting point...there are companies to research the best rate on this web page also!
2006-08-10 04:04:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
well I am a loan officer and I dont quite understand the question
please contact me if you are in need of a program - I have every
program in the US
2006-08-10 03:43:08 · answer #8 · answered by PAUL W 2 · 0⤊ 0⤋
er...
2006-08-10 03:42:31 · answer #9 · answered by voodoobluesman 5 · 0⤊ 0⤋