Real estate blog entries tagged with rate by Jason Schweiger (Network Funding LP)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Jason Schweiger : Issaquah, Bellevue, Redmond, Kent, Covington, Auburn, South King County Real Estate - Active Rain : Tag "rate"

rate: "No cost" refinance loan is not really a no cost. You just dont pay the costs, so the effect is the same. - 08/15/11 10:45 PM

There is a lot of confusion about the "no cost" refinance. What people need to realize is that there are always costs on a loan such as appraisal, underwriting, processing, title, escrow, and etc,. The difference is that with a "no cost" loan the rate is increased by a certain amount of basis points, depending on the loan amount, to create a credit from the lender to the borrower to cover these costs. This way the borrower does not pay the lender costs, but will pay for them in the rate.
This is great for a borrower that plans to keep the … (3 comments)

rate: FHA loan or Conventional loan. Which purchase loan is best for my Real Estate purchase? - 06/20/11 01:31 PM

Here are some real simple basic FHA pros/cons to simply go over and compare an FHA loan to a Conventional loan...
FHA Pro: An FHA loan is designed for lower credit borrowers (640-700 range). The loan guarantee allows the government to make a guarantee to the lender against a loan default because the borrower is a more risky borrower. This allows the lower credit score borrower (640-700 range) to obtain a good interest rate loan through the lender. This does not guarantee loan approval, just against default. All loans, whether FHA or conventional must go through a similar approval process. Rates on … (0 comments)

rate: FHA increases the monthly MI and lowers the upfront MIP. Conventional much better option, if you can manage the 5% down instead of 3.5% - 06/18/11 01:17 PM

FHA has increased their monthly MI cost and lowered the upfront MIP fee to 1%. Conventional is a better option, if you can put down 5% instead of 3.5% and if your credit is above 700. Conventional does not have an upfront funding fee and the monthly MI fee is lower too. Here are the new costs of the FHA loan...
FHA Annual Mortgage Insurance Premium Increase

… (0 comments)

Related Links:

Jason Schweiger

Auburn, WA

More about me…

Network Funding LP

Address: Auburn, WA, 98001

Office Phone: (253) 315-5580

Cell Phone: (253) 315-5580

Email Me

Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.

Listings

Links

My Northwest Agent

Archives

Find WA real estate agents and Auburn real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.