home borrowing: Interest rates have fallen!
- 03/19/16 11:32 AM
Anybody who has even considered buying a new home needs to act now!. With 30 year fixed rates hovering in the mid 3's and 15 year rates even lower, this is prime buying opportunity. At the risk of sounding like a used car salesman, these rates will not last and we will not see these low rates again in the foreseeable future. In an earlier blog, I stated that the average buyer does not ask the right questions of their potential lender. They ask about the rates and everybody's rates will be about the same. The difference is the closing fees … (3 comments)
home borrowing: Home mortgages
- 01/31/16 10:15 AM
"I was told that I could get a 2.75% mortgage from this lender" You can get this rate from any lender. That is if you pay enough discount points and origination fees. (That is in the fine print)
I get letters in the mail from lenders offering the low rates. People outside of the business may not know what these offers entail. The question is: what will it benefit you to pay all this money up front to buy down your rate on a 30 yr fixed mortgage? Let's say that you would have to keep that mortgage for 10 years to get … (2 comments)
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Anybody who has even considered buying a new home needs to act now!. With 30 year fixed rates hovering in the mid 3's and 15 year rates even lower, this is prime buying opportunity. At the risk of sounding like a used car salesman, these rates will not last and we will not see these low rates again in the foreseeable future.
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