people with average credit around 680...assuming a 30 year fixxed.
We have above average income, we can get about 10-12% down payment .
2007-02-12 05:03:29 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
I was in the same boat as you -- slightly higher score. My mortgage is 6.25% fixed. I also just got an improvement loan from my bank for a bathroom remodel. Unsecured, 6.5% fixed for 7 years.
2007-02-12 06:56:54 · answer #1 · answered by cardinalboy97 3 · 0⤊ 0⤋
After you purchase your home, you may be interested in this new program. It works well with a 30 year mortgage. I am currently using a HELOC with a new software program that helps build equity fast, and will payoff my home in less than half the time without refinancing, and without extra payments. It is saving me thousands in interest, and pays off home in less than half the years. E-mail me if interested
2007-02-15 00:58:10 · answer #2 · answered by marshae 1 · 0⤊ 0⤋
Right now , probably low 6's. Anwhere from about 6-6.75% would be considered ok....
Really depends on how the lender views your score as "average".
Some lenders may consider you more of a risk then others so it depends where you actually get it approved... but I dont think you should paying much over 6.5%
2007-02-12 05:07:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The question is which one are you paying, the rate or the payment? You always have to remember it's not about the rate, it's about the payment! I had this lady said she loved the $800 payment, but she hated the 9.5% rate.
2007-02-12 13:06:01 · answer #4 · answered by healthspot_2000 4 · 0⤊ 0⤋