Mortgage Rate Update Sugar Land, Katy, Houston, The Woodlands 08/7/13

Mortgage and Lending with - Legend Lending NMLS #293883

Conventional 30 year Mortgage: 4.5%

Credit score:740


Loan Amount:$200k

APR: 4.75%

FHA 30 year:4.125%

Credit Score:640


loan amount:$200k


Conventional 15 year:3.625%

Credit score:740


Loan Amount:$200k



Rates are Subject to Change

Call me today if you are thinking of refinancing or buying a home, for the best mortgage rate possible.

Herman Park Houston

Posted by





David Krichmar 

Mortgage Banker NMLS#293883 

Legend Home Lending

LLC NMLS #229421

Top 1% Loan Officer Nationally

Has Written For Realtor Magazine, Houston Agent Magazine, Scotsman Mortgage Guide

Appeared On Fox Business


Named 5 Star Mortgage Professional 2013, 2014, 2015, 2016, 2017


For More Mortgage Info Follow me at  Dave's Blog


If you are looking for a FHA, VA, USDA, Homepath, Conventional, Jumbo, Construction, FHA 203k mortgage in Fort Bend County, Sugar Land, Houston, Katy, Harris County, Brazoria County, Pearland, Richmond, Bellaire, West University, The Woodlands, Kingwood, Friendswood, Clear Lake, Galveston, Fulshear, Tomball, Spring, Conroe, Montgomery County or anywhere in Texas I am your GUY!  


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Comments (2)

Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi Dave, Thanks for the rate update.I have always been under the impression one should not refinance unless there is a spread of  at least 100 basis points between the old loan and the new loan with new loan obviously being at a lower rate. Do you agree with this principle? 

Aug 12, 2013 07:22 AM
David Krichmar - Legend Lending - Sugar Land, TX

Bob, great question.  My rule of thumb is compare the cost vs savings.  And if you can recoup the cost within 3yrs or so, the refinance makes sense.  thou it depends on the clients specific needs.  I have seen examples where 1pt difference in rate did not make sense, based on the costs vs savings. 

Aug 12, 2013 11:06 PM