2006-11-15 10:09:17 · 6 answers · asked by Chuck P 1 in Business & Finance ➔ Renting & Real Estate
Depends upon what kind of a credit risk you are and how much you want to spend in discount points to buy the rate down. I've got anywhere from 5.5 for A paper borrowers with about 2.5 points on up. Par rate for A paper (i.e. no points) is about 6 if you've got 20% equity and can prove you make enough.
2006-11-15 10:46:01 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
Based on less than 80% loan - value and excellent credit with full documentation and assets:
Conforming (Up to $417K) apx 6.25%
Jumbo apx 6.75%
These are no points rates. Pay points and you can get rates as low as 5.25%!
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
2006-11-15 12:42:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
decide for the 30 12 months fixed fee. in case you pay extra suitable each month, which will decrease the years on the internal maximum loan. you additionally should request an amortization which will supply a injury down between interest/suitable. on the 1st 15 years, you pay approximately 70% in interest. it particularly is how maximum banks make their money.
2016-10-22 04:00:38 · answer #3 · answered by haan 4 · 0⤊ 0⤋
5.75%
Matt
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http://www.refinance-second-mortgage.biz
http://www.minnesota-mortgage-rates.net
2006-11-15 10:19:46 · answer #4 · answered by Matt J 3 · 0⤊ 0⤋
7.35%
2006-11-15 10:16:25 · answer #5 · answered by lasvegasguy 2 · 0⤊ 0⤋
7.5%
2006-11-15 10:11:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋