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05-13-2008, 10:05 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,018 posts, read 4,025,016 times
Reputation: 1666
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Is This a Good Rate right now
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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05-13-2008, 10:37 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,821,031 times
Reputation: 675
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are you serious?
Quote:
Originally Posted by njkate
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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05-13-2008, 10:53 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,018 posts, read 4,025,016 times
Reputation: 1666
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Quote:
Originally Posted by renriq02
are you serious?
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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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05-13-2008, 10:57 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,821,031 times
Reputation: 675
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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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05-13-2008, 11:07 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,018 posts, read 4,025,016 times
Reputation: 1666
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Quote:
Originally Posted by renriq02
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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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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05-13-2008, 11:24 AM
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Humanitarian Vigilante
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Join Date: Jan 2008
Location: Broward County
2,089 posts, read 1,782,772 times
Reputation: 581
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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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05-13-2008, 11:25 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,821,031 times
Reputation: 675
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this is the reason it's a very low rate.
Quote:
Originally Posted by njkate
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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05-13-2008, 11:28 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,018 posts, read 4,025,016 times
Reputation: 1666
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Quote:
Originally Posted by heydade
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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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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05-13-2008, 11:29 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,018 posts, read 4,025,016 times
Reputation: 1666
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Quote:
Originally Posted by renriq02
this is the reason it's a very low rate.
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Ok Thanks for responding
Now I just hope the bid they put in on a house is accepted |
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05-13-2008, 08:33 PM
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Senior Member
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Join Date: Apr 2008
323 posts, read 392,099 times
Reputation: 67
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That is just an amazing rate for a 30yr fixed! Amazing!
Best of luck to you and the fam
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