4.75% interest rates? - Page 2

Trip · 12-17-2008, 04:38 PM

Quote:

Originally Posted by Trip

Would it be worth it to pay a 1% origination fee to drop it from 5.25 to 4.75 or 5.25 to 5 for free?

oops I meant 6.25

ducati_atx · 12-17-2008, 04:41 PM

Quote:

Originally Posted by Trip

oops I meant 6.25

you should have them do the calculation at your mortgage broker as alot of the "crossover" happens a couple years out.

at 6.25% you are goign to get most of the gain by getting it to 5% if you qualify (depending on your credit score.)

RACER X · 12-17-2008, 05:10 PM

wonder if i could renego. w/ my current lender and forgo all the fee's ?

ducati_atx · 12-17-2008, 05:13 PM

Quote:

Originally Posted by RACER X

wonder if i could renego. w/ my current lender and forgo all the fee's ?

your inner athlete speaking out?

shmike · 12-17-2008, 05:21 PM

Quote:

Originally Posted by RACER X

wonder if i could renego. w/ my current lender and forgo all the fee's ?

Since home prices continue to fall, I'd call your builder too.

Maybe he'll offer you a refund on the purchase price.

RACER X · 12-17-2008, 05:32 PM

well it' like anything else, esp. credit wise, you can jump ship to what suits you. your current lender would make some money w/ you as a client vs no $ if you goto wells F, for example.

Cutty72 · 12-17-2008, 06:00 PM

gotta hit about 4 for me to be worthwhile.

DLIT · 12-17-2008, 07:09 PM

I called my mortgage broker to see what was locked in (we're about to close) and he aid he knew it was well below 6, which is good. Anything below 6, I'm happy with. the rates change every day, today is just a lower day. Can't complain about something you can't fix yourself.

Captain Morgan · 12-17-2008, 07:45 PM

Damn, figures that I locked in my rate a month ago. But I'm getting such a good deal that I'll have some built in equity immediately. Not to mention I'll be doing a few things that will bump up the value of the house. But since I'm just now buying, I doubt I can refi for quite some time. I'm closing tomorrow at 2pm, so I can't see any rates changing for me.

12-17-2008, 05:10 PM	#13
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	wonder if i could renego. w/ my current lender and forgo all the fee's ? __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

12-17-2008, 05:32 PM	#16
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	well it' like anything else, esp. credit wise, you can jump ship to what suits you. your current lender would make some money w/ you as a client vs no $ if you goto wells F, for example. __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

12-17-2008, 07:09 PM	#18
DLIT Clit Commander Join Date: Feb 2008 Location: Las Vegas Moto: 2012 Ducati 1199 Panigale S Posts: 4,189	I called my mortgage broker to see what was locked in (we're about to close) and he aid he knew it was well below 6, which is good. Anything below 6, I'm happy with. the rates change every day, today is just a lower day. Can't complain about something you can't fix yourself. __________________ Dress for the crash. Not the ride.

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12-17-2008, 07:45 PM	#19
Captain Morgan Let's do another U-turn Join Date: Feb 2008 Location: Indiana Moto: 2009 V-Strom Posts: 3,816	Damn, figures that I locked in my rate a month ago. But I'm getting such a good deal that I'll have some built in equity immediately. Not to mention I'll be doing a few things that will bump up the value of the house. But since I'm just now buying, I doubt I can refi for quite some time. I'm closing tomorrow at 2pm, so I can't see any rates changing for me.