2007-09-05 08:31:33 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I got 6.125%
my credit rating is 790
2007-09-05 08:39:39 · answer #1 · answered by dan 4 · 0⤊ 0⤋
It really depends. If you can prove your income with W2's and pay stubs, your rate will be better than doing a stated loan. How long have you been on your job? Are you buying or refinancing? Do you have asetts? What LTV is your loan? What exactly is you mid FICO score? What is your payment history on your current house and credit cards? Etc....
There are a LOT of things that come into play when talking rate. Be very VERY careful with people who quote you a rate without knowing all your information!
In today's mortgage market there are no more "across the board" answers - every rate and loan program must be custom quoted to fit each borrowers SPECIFIC situation. A very slight difference between two borrowers could mean a HUGE difference in rate or product.
Find a broker or bank rep you can trust and sit down to discuss YOUR options. Again, if someone tells you a rate without you signing an application, they are guessing at best and lying at worst!
2007-09-05 09:21:01 · answer #2 · answered by Chris 6 · 0⤊ 0⤋
well you're not going to get PAR RATE if you dont put any money down. You would need to put AT LEAST 5% down or your rates will be AT LEAST 6.625%
Most borrowers think because they have HIGH credit scores that they deserve the best rates. credit score is only 25% of the equation when determing an interest rate.
capacity- debt to income
collateral - is a co-op? high rise? non-warrantable condo? etc
capital - do you have reserves or a DOWN PAYMENT, or money to pay closing costs. Low LTV is HUGE.
You can have a 620 credit score with no major derogs...put 5% down and get today's PAR.
Interest rates also come with paying Points.
You should ask..what is a good interest rate w/out paying origination fees or discount points.
I will tell you that you will definitely get the same answer
2007-09-05 10:18:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
With all the gloom and doom in the media, the Fed may lower rates .25% soon.
I agree 6% - 6.25% is typical with excellent credit.
2007-09-05 09:21:23 · answer #4 · answered by godged 7 · 0⤊ 0⤋
for someone with a score over 710 i financed 2 months ago and got 5.650.
they did right by me and gave me a great rate any borrower shoud read the articles before they borrow from anywhere!
this company doesnt raise rates to make money behind borrowers backs!
2007-09-05 09:59:09 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Try offshore...Swiss Fanc loans range from a low of 2.5% to 3.8%. Euro loans from 4.35% - 4.5%. Depends where you live and whether you can qualify.
2007-09-05 09:12:55 · answer #6 · answered by PI 3 · 0⤊ 1⤋
6.125% is par today on a 30 day lock
2007-09-05 09:10:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Around 6.25%
2007-09-05 08:39:26 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 0⤋
around 6% or something
2007-09-05 08:42:21 · answer #9 · answered by Anonymous · 0⤊ 0⤋