4.375% mortgage. f'k yeah!

[vixenbabe]

I need to get me a better mortage broker, Freak!

Thanks...I WILL be checking this out!

 

[FreakMonster]

I need to get me a better mortage broker, Freak!

Thanks...I WILL be checking this out!

No problem. If you want a lower rate than the 30 yr fixed you may also want to look into a 7/23. Basically it's a 7 yr fixed rate then you have to re-apply after the 7th yr to refinance and you get another fixed rate for the remaining 23 yrs. Basically it's like the 7/1 ARM except it's less riskier.

 

[Mengy]

I just refinanced my mortgage too, 4.5% for 15 years fixed. Had to pay points to get it, but it was worth it since I don't intend to ever move again.

 

[hellorhih2o]

i just compared HSBC with a bunch of other banks and other banks have loans that are just as low but ALWAYS WITH POINTS. And I'm sure you can go even lower with HSBC if you pay points.

http://us.hsbc.com/personal/mortgage/rates.asp

 

[FreakMonster]

i just compared HSBC with a bunch of other banks and other banks have loans that are just as low but ALWAYS WITH POINTS. And I'm sure you can go even lower with HSBC if you pay points.

http://us.hsbc.com/personal/mortgage/rates.asp

You can always negotiate your points

 

[hellorhih2o]

You can always negotiate your points

why do i get a feeling that you might just be in the mortgage business...? come clean now!

 

[FreakMonster]

why do i get a feeling that you might just be in the mortgage business...? come clean now!

You can pretty much negotiate anything except taxes, insurance, interest and attorneys fees. Most mortgage companies make between $2,000 and $15,000 profit per refinance or purchase. The profit they make depends how big of margin they create from par pricing and also how many different fees they stick you with.

 

[hellorhih2o]

You can pretty much negotiate anything except taxes, insurance, interest and attorneys fees. Most mortgage companies make between $2,000 and $15,000 profit per refinance or purchase. The profit they make depends how big of margin they create from par pricing and also how many different fees they stick you with.

i think you just answered my question...

 

[THeMaCHinE]

Yeah, I passed up the same rate on an ARM and went with an 80/20 fixed 30 year loan. The 20 part is at 5.25, the 80 is at 5.5; paid no points, no closing costs, no down payment, don't have to carry PMI -- moved into brand-new construction with a 5-year tax abatement on top of it...

 

[beastboy]

Alrighty.....I'm financing a 330K house, but have the 20% to put down to avoid the PMI. I plan on living in this house for a very long time. Any recommendations?