M*****t
发帖数: 40 | 1 Anyone knows Seattle's mortgage market? I am wondering what rate I can get
for 30 years fixed rate. I went to Bank of America two weeks ago and a lady
gave me 4.875% for fixed 30 years rate. My credit score is above 740.
It seems that many friends in this board get much better rate. If you happen
to know a good mortgage lender, any recommendation is appreciated.
Thanks! |
b*d
发帖数: 9308 | 2 Don't go to local bank, 4.875% is the best they can offer now. Try to find a
loan broker around, and he should give you 4.625% for 30yrs fix.
lady
happen
【在 M*****t 的大作中提到】
: Anyone knows Seattle's mortgage market? I am wondering what rate I can get
: for 30 years fixed rate. I went to Bank of America two weeks ago and a lady
: gave me 4.875% for fixed 30 years rate. My credit score is above 740.
: It seems that many friends in this board get much better rate. If you happen
: to know a good mortgage lender, any recommendation is appreciated.
: Thanks!
|
b*****1
发帖数: 1731 | 3 我喜欢看你的帖子
a
【在 b*d 的大作中提到】
: Don't go to local bank, 4.875% is the best they can offer now. Try to find a
: loan broker around, and he should give you 4.625% for 30yrs fix.
:
: lady
: happen
|
b*d
发帖数: 9308 | 4 谢谢了，希望对大家有帮助。
【在 b*****1 的大作中提到】
: 我喜欢看你的帖子
:
: a
|
M*****t
发帖数: 40 | 5 Thank you very much!!
I have another two questions.
(1) Every month, can I pay more than required payment? If so, can extra ones
be put into principle? Does it have any penalty?
(2) If I used 5 ARM, then can I do refinance to get another 5 ARM after 5
years?
Thanks a lot!
a
【在 b*d 的大作中提到】
: Don't go to local bank, 4.875% is the best they can offer now. Try to find a
: loan broker around, and he should give you 4.625% for 30yrs fix.
:
: lady
: happen
|
r******d
发帖数: 1879 | 6 yes, the extra money will go to your principle automatically. And make sure
you find a loan not charging prepayment penalty. (almost all lenders wouldn'
t). The loan will be floating with market rate after 5 years with cap of
course. It is not automatically change to 5 Yr Arm |
b*d
发帖数: 9308 | 7 (1) Yes, you can put extra principle payment, generally speaking, there is
no pre-payment penalty.
(2) Yes, you can get another 5 year ARM after the current one, the risk is
the second 5 year term ARM rate might be even higher than today's 30 yrs fix
.
ones
【在 M*****t 的大作中提到】
: Thank you very much!!
: I have another two questions.
: (1) Every month, can I pay more than required payment? If so, can extra ones
: be put into principle? Does it have any penalty?
: (2) If I used 5 ARM, then can I do refinance to get another 5 ARM after 5
: years?
: Thanks a lot!
:
: a
|
