Leela's Profile
Author's Posts
November 25, 2008
where to get the best mortgage rate?
Does anyone have any suggestions for a mortgage of $700k on a 2 family for $1.1 million? Does this have to be a jumbo mortgage with a higher rate? I saw on bankrate that garden city mortgage has the lowest rates, has anyone ever worked with them? I got a breakdown from victor angel at manhattan mortgage sometime ago and the rate was 6.75 and closing costs 29K. Finally, does anyone have experience with trachtman and bach or commerce bank?
August 7, 2008
Affordable daycare?
Does anyone know of a reasonably priced daycare in Fort Greene/Clinton Hill or nearby areas? By reasonably priced I mean $1000 a month as opposed to $1600 a month. I am open to "home" daycare.
July 29, 2008
Sell to buy?
Does anyone have experience with needing to sell in order to buy? Are sellers open to waiting or do you have to sell first and hope you will then find something? I would not have the $$$ to front without selling first but I'd like to find something I want before selling my place.
Renovate before selling?
I want to put my one bedroom in the Griffin on the market. It is unrenovated and I'm wondering if I should do some renovation first or wil buyers prefer to choose their own new kitchen?
Author's Comments
Thank you ClintonHillLady. I found the number and got ahold of Lanice - sounds great!
Posted by: Leela at August 27, 2008 12:26 PM in response to Affordable daycare?
Responses to Author's Forum Comments
Tractman and Bach are really good. I would recommend them. That being said, they'll probably use Astoria Federal Savings, which posts its rates here:
http://www.astoriafederal.com/cgi-bin/nymort.pl
Posted by: justinm at November 26, 2008 1:46 PM in response to where to get the best mortgage rate?
Astoria Federal is good but once you go into Jumbo loan sizes they only offer ARMS and a 15yr fixed. No 30yr fixed over 417k.
Their jumbo rates are great but when you go over 750k you need 25% of the loan amount in reserves. It's a tough program to qualify for. So if you want a 1 million dollar loan you need 250k in reserves outside of the loan.
Posted by: Adam Dahill at November 26, 2008 2:41 PM in response to where to get the best mortgage rate?
leela, for your scenario you can easily get a rate in the low 6% range with 0 points assuming your finances are sound and you have good credit. sunny_hong@countrywide.com
Posted by: shong1 at November 26, 2008 9:44 PM in response to where to get the best mortgage rate?
Slopenick, may I ask what rate you got with T & B? Thanks.
Posted by: Leela at November 26, 2008 10:28 AM in response to where to get the best mortgage rate?