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Forum: Business, Finance, and Investing

05-29-2007, 08:15 PM

Replies: 18

Lending rate question

Views: 338

Posted By SossMan

Re: Lending rate question

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The 6% first is zero points, so about $2,300 to close including appraisal, lawyer, taxes, county and state fees, and mortgage borker vig, which is about $1,000. I can also get...

Forum: Business, Finance, and Investing

05-29-2007, 02:02 PM

Replies: 18

Lending rate question

Views: 338

Posted By SossMan

Re: Lending rate question

[ QUOTE ]
This is really educational. Thanks all for the responses so far.

To answer some of the questions:

Immediately after selling my current home the HELOC will get paid off. The large...

Forum: Business, Finance, and Investing

05-28-2007, 06:16 PM

Replies: 18

Lending rate question

Views: 338

Posted By SossMan

Re: Lending rate question

[ QUOTE ]
Matt,

I don't know if this will apply to your situation or not, but I had several friends do the following....

They obtained the best primary mortgage that they could get, and just...

Forum: Business, Finance, and Investing

05-28-2007, 01:23 PM

Replies: 18

Lending rate question

Views: 338

Posted By SossMan

Re: Lending rate question

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I am buying a house 70/25/5 with a 25% HELOC that is >100K. Credit is excellent, income easily supports the purchase, full doc, first is a 15-year fixed. They...

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