What Mortgage rates are you seeing?
Our mortgage broker quoted us 6-3/8 yesterday. I walked by a Countrywide office today. There was a sign on every associate’s desk, “Today’s Rate 3.9%.” Can it really be? Perhaps its not for mortgages but a different kind of loan? I guess I could go back and ask about the details …
Our mortgage broker quoted us 6-3/8 yesterday.
I walked by a Countrywide office today. There was a sign on every associate’s desk, “Today’s Rate 3.9%.”
Can it really be?
Perhaps its not for mortgages but a different kind of loan? I guess I could go back and ask about the details …
Oh that fico was 720 for the 1.5 million loan you dolt.
What- You just shot yourself in the foot on this one.
DU/LP does not handle loans that are non-conforming. DU is Fannie Mae’s underwriting engine and LP is Freddie Mac’s. loan of 1.5 million is not Fannie/Freddie elligible so why would you run it through either underwriting engine?
75% LTV is agressive for a loan of this size in this climate. This is what LTV’s should have been all along. Once you go into the million dollar range you should be able to put more than 20% down as a hedge against risk. This is responsible lending.
Hard Money? Are you an idiot? or do you just play on on the internet? Hard money rates start at 13% and cost anywher from 2-3pts at no more than a 65% LTV.
You should know this if you are really a mortgage broker. But I guess all you did was sell subprime 100% loans to minorities.
People like you are the real reason that we are in this mess.
Hay What, who are are you voting for and why?
Adam is right. people are still getting loans. the world hasn’t ended. the sky didn’t fall. get over it. still not seeing the predicted massive forclosures and people huddled in masses in the streets. Although if you believe the Obama infomercial we are the walking dead. the hyperbole detracts from a serious examination of the facts. it only serves to aggrandize the vacuous space between the ears of some posters here.
3. Make sure that Asshats like Wasder can stay on the Habitrail and make mortgage payments. Still being a debt slave!
Hey What–my habitrail is feeling pretty good right about now. In re this conversation our loan is for 800G at 6.00%. Don’t know if it is still a possibility to get such a loan at this point but we didn’t take this out that long ago.
2 FAMILY
1.5 million loan amount
75% LTV
FULL DOC
5/1 ARM 7.125% par
30yr fixed 7.875% par
Any Ape with LP/UD can Process this crap Adam. In fact this damn near Hard Money Guidelines. Plus you did not post the FICO! What can you do that is DIFFERENT that any other Mortgage Asshat??!! Thanks Adam! You just prove that you are worthless…
The What (75 LTV Give me a fucking break)
Someday this war is gonna end..
HOTD 2 million purchase price
2 FAMILY
1.5 million loan amount
75% LTV
FULL DOC
5/1 ARM 7.125% par
30yr fixed 7.875% par
I would charge 1pt in the front for these.
The OP was asking about conforming rates so that is why I posted what they were and others confirmed that they were accurate.
I have proven you wrong on all your misguided posts so can we end this now. I have more important things to do than feed the trolls.
This is my final post on this topic.
“I get other bank’s rate sheets every day and I assume that your fowl mouth ass does as well. ”
Whoa Homeboy, did you write this? “I work for a bank that has been in business for 20 years. We were not a subprime bank so what’s your problem?”
What are you doing with another bank rate sheet if you are a “direct lender”?
Plus why don’t you post some of your products here so maybe you can help someone?
I think this is a great question Adam. If you have these thing and making money (NOT), then share some of it with us.
“There are plently of people in brownstone brooklyn that have conforming loan amounts. I closed 3 loans in Brooklyn last month with loan amounts less than 417k and I have another 2 in contract currrently. People buying a 500k condo or coop putting 20% down are at 400k. What don’t you get What?”
I’m talking about buying a 1.5 million dollar Brownstoner Adam. Not that rinky-dink Co-op or Condo. Big ticket items homeslice!
Let’s what rates you have on Jumbo’s and Non- Conforming products Adam! Lets see you finance Brownstoner HOTD!
The What (You still didn’t answer my question, ADAM!)
Someday this war is gonna end…
OK. this is my lat post on this topic as you are a troll and this will just keep going on an on.
I quoted a conforming loan amount ala 417k or less because that is what the OP wa clearly asking about. She said that she got quoted 6.375% yesterday and I agreed with her. I told her that rates were 6.125%-6.375% which is accurate. I don’t have the ability to post rate sheet because we do not make rate sheets. We don’t have a use for them.
I get other bank’s rate sheets every day and I assume that your fowl mouth ass does as well. So Mr. smarty pants why don’t you take a look at Bank United’s rate sheets. 6.125% at par.
So why don’t you take this a shove it up your fowl mouth asshat?
Loser
There are plently of people in brownstone brooklyn that have conforming loan amounts. I closed 3 loans in Brooklyn last month with loan amounts less than 417k and I have another 2 in contract currrently. People buying a 500k condo or coop putting 20% down are at 400k. What don’t you get What?