TurboNova Posted January 31, 2012 Report Share Posted January 31, 2012 There have been alot of talks about mortgages recently on here and figured someone has done their rate research. Outside of just looking on bank rate.com has anyone found the best rate currently for a 15year fixed refi? Quote Link to comment Share on other sites More sharing options...
Bam Posted January 31, 2012 Report Share Posted January 31, 2012 A friend got 3.25% recently on 15 yr. I got 4% on my 30 yr. Quote Link to comment Share on other sites More sharing options...
BigOxley Posted January 31, 2012 Report Share Posted January 31, 2012 I got 4.5 on my 15 year last year with almost no closing costs. 3.25 is the lowest I've seen lately. Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 We got 2.875% on an FHA 15 year mortgage. Quote Link to comment Share on other sites More sharing options...
TurboNova Posted January 31, 2012 Author Report Share Posted January 31, 2012 ^ how recent and through who Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 As of today. I work for a wholesale lender and that rate was through Union National Bank. I get rate sheets from 17 banks. The only thing that we do is originate the loan, fund it and than we sell it. Kinda like a broker but using our own money. Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted January 31, 2012 Report Share Posted January 31, 2012 hows the rate on a 10 year?? Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted January 31, 2012 Report Share Posted January 31, 2012 Iceman, I work for a bank and 2.875% is a sweet rate. Is that bought down through points? Do share what your best rates are for 15-20-30year, please! Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 These rates are with NO POINTS 680+ scores (we go down to 580 scores but there is a small adjustment on the rate). You can get a very good rate even with a 620+ score. 30 year FIXED 3.75% (3.5% with less than a point in buy-down) 20 Year FIXED 3.75% (not much different form 30 year) 15 Year FIXED 2.875% (hanging by a thread today, might be a small buy-down if rates change) 10 Year FIXED 2.875% Quote Link to comment Share on other sites More sharing options...
POS VETT Posted January 31, 2012 Report Share Posted January 31, 2012 What closing cost ? Quote Link to comment Share on other sites More sharing options...
Richard Cranium Posted January 31, 2012 Report Share Posted January 31, 2012 Hmmm, I this might turn into something I'm interested in. Oh, and Tom, can I get a chilli cheese burrito please? Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted January 31, 2012 Report Share Posted January 31, 2012 10 Year FIXED 2.875% :fuckyeah: Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 What closing cost ? Only closing cost you are going to have is your escrows (we have to collect a new escrow account since the current one is not transferable, but you get the balance of the old escrow back within 30 days), title company fees (these are dependent on the loan amount) and an appraisal fee. That's it. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted January 31, 2012 Report Share Posted January 31, 2012 I got 4.5 on my 15 year last year with almost no closing costs. 3.25 is the lowest I've seen lately. That's pretty poor. I just closed a couple in Dublin @ 2.75 for 15 years. That's about the bottom unless you are looking at Hybrid ARM's. I am a loan officer, so this is what I deal with every day. I see changed in par rate 2 to 3 times a day. If someone has a specific question or concern, I do not mind answering via PM. I have closed loans for more than a few people on CR, and I don't think anyone would complain about my service or the (lack) of cost. 99% of loans I can do at zero origination for people here. As long as I like you. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted January 31, 2012 Report Share Posted January 31, 2012 why in the mother of fuck would anyone want to do an ARM? Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted January 31, 2012 Report Share Posted January 31, 2012 I dont get all of this, one of those things thats hard for me to wrap my head around. I bought a home for $152,500 about 8 years ago, 0% down at 5% interest for 30 years. What can now be done to improve this scenario for me? Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 why in the mother of fuck would anyone want to do an ARM? Someone looking to rehab a property and sell in a year or two and wants to pay the least amount of money towards interest. Quote Link to comment Share on other sites More sharing options...
Hwilli1647545487 Posted January 31, 2012 Report Share Posted January 31, 2012 What % down are people requiring these days? I know this has really righted up. Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 What % down are people requiring these days? I know this has really righted up. Minimum is 3.5% FHA, 5% Conventional, 0% VA, 3% Home Path program, 0% USDA (Rural Development). That's about all the main programs available these days. Quote Link to comment Share on other sites More sharing options...
mmrmnhrm Posted January 31, 2012 Report Share Posted January 31, 2012 Minimum is ... 5% Conventional Is that 5+15+80 w/o PMI, or 5+95 w/PMI? Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 Is that 5+15+80 w/o PMI, or 5+95 w/PMI? 20% down with no PMI, 5% down with PMI. It's kinda hard these days to get a 5% down, 15% equity line and 80% first mortgage. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted January 31, 2012 Report Share Posted January 31, 2012 Are these rates availble for refi? No down payment necessary? I ask because my LTV is less than 80% after doing a HASP refi last fall. Just curious as I could go from 20 to 15 years with only $100/month increase based on your rates. Quote Link to comment Share on other sites More sharing options...
ICEMAN1647545504 Posted January 31, 2012 Report Share Posted January 31, 2012 Are these rates availble for refi? No down payment necessary? I ask because my LTV is less than 80% after doing a HASP refi last fall. Just curious as I could go from 20 to 15 years with only $100/month increase based on your rates. Refi or purchase, no money down on refi. Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted January 31, 2012 Report Share Posted January 31, 2012 I'm a CR Sponsor and Mortgage Officer with Union Savings Bank in Dublin. Feel free to give me a call or email with questions and to run scenarios. Fixed rate conventional loans with total closing costs (ie no TITLE INSURANCE OR OTHER JUNK) at $377...$250 refunded back at closing. Fixed 15yr at 3.25% Fixed 30yr at 3.875% We service 100% of our conventional mortgages so no worries about brokers selling your mortgage and messing up your payment schedule. Full FHA refinancing available also with no cost streamline refi's. 614-339-1206 or mstock@usavingsbank.com Thanks, Marc Quote Link to comment Share on other sites More sharing options...
POS VETT Posted January 31, 2012 Report Share Posted January 31, 2012 Hmmm, I this might turn into something I'm interested in. Oh, and Tom, can I get a chilli cheese burrito please? Coming right up. Want a drink with that ? Quote Link to comment Share on other sites More sharing options...
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