2007-03-21 08:15:26 · 4 answers · asked by black 8 2 in Business & Finance ➔ Renting & Real Estate
Depends on your credit, the amount you are putting down, the intended use of the property, ability to verify income, ability to verify assets- many things involved. However, the par rate for a 30 year mortgage as of today is around 5.625-5.75% depending on the state you live in.
2007-03-21 08:48:51 · answer #1 · answered by flamingojohn 4 · 0⤊ 0⤋
Anywhere from 5% to 7% unless you have a horrible credit rating. Even those selling things on contract for deed have to go by a federal %.
I just sold a piece of property to a young gent for 5%. Sure I could charge more but he has proven himself to be quite the respectable person. Being respectable goes a long way when anyone asks to borrow or buy from me.
2007-03-21 15:43:15 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
Your interest rate is based off your credit score and your previous payment history. It is also based off your LTV and alot of other factors. I have seen rates from the high 5's to 14%. Just depends. if your looking for a mortgage or REFI in NC,SC,VA,GA, or Fl let me know.
2007-03-21 15:22:02 · answer #3 · answered by fivemo 1 · 0⤊ 0⤋
Right about 6.00% for a 30 year fixed today, assuming a 1% origination fee and reasonable credit.
Add .25%-1% for lower credit or zero downpayment.
2007-03-21 15:19:18 · answer #4 · answered by Yanswersmonitorsarenazis 5 · 1⤊ 0⤋