AngryBMW Posted August 8, 2011 Report Share Posted August 8, 2011 So, as our economy tanks we can at least take advantage of some of the lowest mortgage rates in history. Currently, I can offer with a conventional product: 3.500% FIXED for 15 years 4.250% FIXED for 20 years 4.375% FIXED for 30 years Remember that rates can change daily, so the sooner we act the better. For qualified borrowers, our closing costs on these products are $250 for application, $100 for county recording, and $35 for courier. Of that, you will only pay the $250 which I will credit back to you at closing. FHA I can go as low as 4.00% FIXED for 30 years and 3.50% FIXED for 15 years. I also have RD loans and VA loans available and offer first time home buyers programs that will require you to bring as little as 1.0% down. Please feel free to contact me directly at: 614-339-1206 office mstock@usavingsbank.com Thanks for looking. -Marc Stock Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted August 8, 2011 Report Share Posted August 8, 2011 Damn, that is cheap. Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted August 9, 2011 Report Share Posted August 9, 2011 Question about ReFi- Do ReFi's require PMI? Quote Link to comment Share on other sites More sharing options...
Bam Posted August 9, 2011 Report Share Posted August 9, 2011 Any fee for not escrowing? Estimate on total cost to refi into a 15yr fixed on ~$130k. Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted August 9, 2011 Report Share Posted August 9, 2011 I found this refi-calculator today, and its pretty awesome and informative. (its a little weird on chrome and firefox, at the bottom of the calculator, just hit tab to get to the "calculate" button.) ReFi Calculator Quote Link to comment Share on other sites More sharing options...
Bam Posted August 9, 2011 Report Share Posted August 9, 2011 ^^Not sure if that was intended for me, but thanks if it was. I use http://www.bankrate.com for the same thing plus much more. I go there, click "calculators" at the top and there are an array of ones you can choose from. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 9, 2011 Author Report Share Posted August 9, 2011 Question about ReFi- Do ReFi's require PMI? No, absolutely not if your LTV (loan to value) is equal to or less than 80%. I would be more than happy to discuss further at your convenience. Feel free to shoot me a call or email tomorrow. 614-339-1206 or mstock@usavingsbank.com Thanks! Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 9, 2011 Author Report Share Posted August 9, 2011 Any fee for not escrowing? Estimate on total cost to refi into a 15yr fixed on ~$130k. No fee for not escrowing. I HATE escrows, and will try and convince every client against it if possible. Total cost varies from situation to situation. Best case scenario with a low LTV and middle credit score above 740 would be $250 up front (covers appraisal, credit report and flood cert) + $100 (or less depending on county) for county recording + $35 for courier. If you would like to discuss hard numbers on your situation, feel free to call/email me. -Marc Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted August 9, 2011 Report Share Posted August 9, 2011 wonder if i can finally get refinanced. hhhmmmmm Quote Link to comment Share on other sites More sharing options...
99ta Posted August 9, 2011 Report Share Posted August 9, 2011 +1 for Marc, took very good care of me with my refi! Quote Link to comment Share on other sites More sharing options...
Not Brian Posted August 9, 2011 Report Share Posted August 9, 2011 Quote Link to comment Share on other sites More sharing options...
TA In Progress Posted August 10, 2011 Report Share Posted August 10, 2011 Are the closing costs the same for refi and purchase? Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 10, 2011 Author Report Share Posted August 10, 2011 Are the closing costs the same for refi and purchase? Conventional Refi's are slightly less expensive. Purchases are $500 + county recording + courier. Are you looking to make a purchase? Do you need a letter or pre-approval? Feel free to email or call me tomorrow, or send me some contact information for you and I will get in touch. Thanks! -Marc Quote Link to comment Share on other sites More sharing options...
LJ Posted August 10, 2011 Report Share Posted August 10, 2011 I am interested. Sending an email. Quote Link to comment Share on other sites More sharing options...
Miller Posted August 10, 2011 Report Share Posted August 10, 2011 I am excite. Go Marc. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 12, 2011 Author Report Share Posted August 12, 2011 I'm down to 4.250% fixed for a 30yr mortgage... -Marc Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 12, 2011 Author Report Share Posted August 12, 2011 I am interested. Sending an email. No email received? Try again to mstock@usavingsbank.com or try my phone at 614-339-1206. Thanks! -Marc Quote Link to comment Share on other sites More sharing options...
LJ Posted August 13, 2011 Report Share Posted August 13, 2011 No email received? Try again to mstock@usavingsbank.com or try my phone at 614-339-1206. Thanks! -Marc A lot of things came up recently. I will shoot you an email tomorrow. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 13, 2011 Author Report Share Posted August 13, 2011 A lot of things came up recently. I will shoot you an email tomorrow. Great. I will be in the office for awhile tomorrow so I will look for the email. -Marc Quote Link to comment Share on other sites More sharing options...
mrhobbz Posted August 13, 2011 Report Share Posted August 13, 2011 Do you guys require your own inspectors for FHA loans? Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 13, 2011 Author Report Share Posted August 13, 2011 Do you guys require your own inspectors for FHA loans? We have our own internal appraisers and contracted appraisers...over 80 companies that we regularly do business with. Why do you ask? -Marc Quote Link to comment Share on other sites More sharing options...
mrhobbz Posted August 13, 2011 Report Share Posted August 13, 2011 We have our own internal appraisers and contracted appraisers...over 80 companies that we regularly do business with. Why do you ask? -Marc I was wanting to do an FHA loan but I'm almost positive that the house Im looking at won't pass inspection for FHA. No GFI's, idiot hacked the wiring all up, etc. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 13, 2011 Author Report Share Posted August 13, 2011 I was wanting to do an FHA loan but I'm almost positive that the house Im looking at won't pass inspection for FHA. No GFI's, idiot hacked the wiring all up, etc. Can you not go Conventional? Tell me why you want to go FHA. Feel free to email me the specifics about your situation at mstock@usavingsbank.com so we can discuss it privately. Thanks! -Marc Quote Link to comment Share on other sites More sharing options...
John Bruh Posted August 13, 2011 Report Share Posted August 13, 2011 do you see the rates going up since the nations credit dropped from it's AAA rating. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted August 13, 2011 Author Report Share Posted August 13, 2011 do you see the rates going up since the nations credit dropped from it's AAA rating. It spiked the day after the announcement but has come back down and is holding steady. I have 2 answers: -Short term...won't affect rates. Short term is the next 12-24 months. -Long term...if it is not corrected...rates will rise. A lot. As will inflation. If you own a home currently and have a higher than what I posted rate...I would seriously advise a strong look at a refinance. Forget the short term monthly savings. Look at the long run, and what your plans are for the home. If you are looking to buy and have the means...their is no better time than right now. -Marc Quote Link to comment Share on other sites More sharing options...
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