Re: Lending rate question
The lower the LTV the lower the rate should be.
If you are going to stay in the house for a long time it would be better to lock more money in a low rate first lien for 30 years. Then you have a smaller 2nd lien that you can eaiser pay off early if ARM rates go too high.
Like I said early on, I would need alot more information about your and your situation to come up with the best combination of loan products.
Getting a low rate is not the end of the story.
It makes me laugh when someone says "XYZ is giving me 6%". They are not GIVING you Sh!t! They are charging fees / points somewhere along the way!!! Thats why I was asking how much is it costing to close these loans. Compare GFE's, look at the APR's. You may save yourself a few grand right out of the box.
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