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Old 04-21-2007, 03:58 PM
MHW MHW started this thread
 
30 posts, read 90,680 times
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Here is a dumb question - we are buying soon in Charlotte. Are the mortgage rates that you see advertised on the web (mostly 5.875%) about what I will end up paying? Or is that a teaser rate that no one really gets?

We have great credit and not much debt other than our current mortgage.

Anyone know which banks are known for having the best rates?
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Old 04-21-2007, 04:07 PM
 
Location: Union County, NC
348 posts, read 319,064 times
Reputation: 115
That's what I'll be paying...it's not a teaser.
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Old 04-21-2007, 04:11 PM
 
Location: Blue Ridge Mtns of NC
5,661 posts, read 24,670,044 times
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Here's some info from the Charlotte Observer newspaper.

http://www.mtgeinfo.com/charlotte/index.htm (broken link)

Last edited by mm34b; 04-21-2007 at 04:22 PM..
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Old 04-21-2007, 11:00 PM
 
178 posts, read 810,744 times
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I just got pre-approved by Bank of America on friday for 5.875% mortgage.
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Old 04-22-2007, 10:00 AM
 
Location: Charlotte, NC
3,356 posts, read 8,879,415 times
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If you have good credit and 20% downpayment you should be able to get 5.875%

If you have less than 20% then you have to work out whats best points, lender paid mortagge insurance etc
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