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Old 05-13-2008, 09:05 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,403 posts, read 28,721,568 times
Reputation: 12067

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My son & DIL were preapproved at 4.67% with 5% down (all though they have more to put towards this) through my son's Union credit....
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Old 05-13-2008, 09:37 AM
 
Location: Charlotte, North Carolina
5,137 posts, read 16,586,374 times
Reputation: 1009
are you serious?

Quote:
Originally Posted by njkate View Post
My son & DIL were preapproved at 4.67% with 5% down (all though they have more to put towards this) through my son's Union credit....
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Old 05-13-2008, 09:53 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,403 posts, read 28,721,568 times
Reputation: 12067
Quote:
Originally Posted by renriq02 View Post
are you serious?

Yes, I'm serious!! I'm not a buyer right now so I don't keep up on stuff like rates etc..
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Old 05-13-2008, 09:57 AM
 
Location: Charlotte, North Carolina
5,137 posts, read 16,586,374 times
Reputation: 1009
today's par rate is 5.875% on a 30yr fixed.

not sure if your son/dil is getting an ARM which would explain the low rate
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Old 05-13-2008, 10:07 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,403 posts, read 28,721,568 times
Reputation: 12067
Quote:
Originally Posted by renriq02 View Post
today's par rate is 5.875% on a 30yr fixed.

not sure if your son/dil is getting an ARM which would explain the low rate

Nope..30 year fixed
my son is a police officer and it's through a loan program the PBA ( Police Benevolant Assoc.) puts forth for police officers

So from what your saying this is good
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Old 05-13-2008, 10:24 AM
 
Location: Broward County
2,517 posts, read 11,049,937 times
Reputation: 1391
is it through Union Plus ? That's awesome. Let me know, cause I am union too and looking to buy at the end of the year.
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Old 05-13-2008, 10:25 AM
 
Location: Charlotte, North Carolina
5,137 posts, read 16,586,374 times
Reputation: 1009
this is the reason it's a very low rate.


Quote:
Originally Posted by njkate View Post
Nope..30 year fixed
my son is a police officer and it's through a loan program the PBA ( Police Benevolant Assoc.) puts forth for police officers

So from what your saying this is good
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Old 05-13-2008, 10:28 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,403 posts, read 28,721,568 times
Reputation: 12067
Quote:
Originally Posted by heydade View Post
is it through Union Plus ? That's awesome. Let me know, cause I am union too and looking to buy at the end of the year.
Not sure who is actually funding it, it used to be Washington Mutual but no more
I'll ask them tonight
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Old 05-13-2008, 10:29 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,403 posts, read 28,721,568 times
Reputation: 12067
Quote:
Originally Posted by renriq02 View Post
this is the reason it's a very low rate.
Ok Thanks for responding
Now I just hope the bid they put in on a house is accepted
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Old 05-13-2008, 07:33 PM
 
323 posts, read 2,089,311 times
Reputation: 172
That is just an amazing rate for a 30yr fixed! Amazing!
Best of luck to you and the fam
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