2007-07-20 08:48:40 · 10 answers · asked by siejas33 1 in Business & Finance ➔ Renting & Real Estate
That is pretty high if you have decent credit. Countrywide has much better rates this week, I am presently working out a mortgage with them.
2007-07-20 09:18:12 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I have to agree with Dob, there are a lot of different factors and people shouldn't be answering questions if it's not in their profession or if they don't know how things really work. The other thing is did you do this loan full documentation or stated? That makes a big difference also.
Mark Marchand
Your Mortgage Consultant For Life.
2007-07-20 17:35:28 · answer #2 · answered by Mark M 2 · 0⤊ 0⤋
Your interest rate will depend on several factors including but not limited to your credit score, payment history, LTV (loan to value of your home), income, title, etc. If you would like a free quote or to speak with a mortgage consultant try submitting your info to www.restructureyourmortgage.com Best of luck
2007-07-20 16:04:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
7% is high.
6.75% is not par today. A "Par rate" means you would have to pay at least 1% origination.
The Par rate today is 6.375%. The market rate is 6.625 and the no-closing costs rate is 6.875%.
2007-07-24 14:11:24 · answer #4 · answered by KpoBanker 1 · 0⤊ 0⤋
Sounds a little high, however the rate you are given is based on your creditworthiness/score.
2007-07-20 15:52:25 · answer #5 · answered by Alterfemego 7 · 0⤊ 0⤋
It is about .25% high. 6.75% is par today ona 30 day lock
2007-07-20 15:52:50 · answer #6 · answered by mazziatplay 5 · 0⤊ 0⤋
It's a bit on the hight side. 6.25% or so is common right now if you have strong credit.
2007-07-20 15:57:16 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋
google in interest rate compare
there you can compare lots of loans
you can do better
2007-07-20 16:31:12 · answer #8 · answered by zioncanyon 3 · 0⤊ 0⤋
research mortages on bankrate.com
2007-07-20 16:00:48 · answer #9 · answered by Anonymous · 0⤊ 0⤋
thats pretty high.
2007-07-20 15:52:20 · answer #10 · answered by yowuzup 5 · 0⤊ 1⤋