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Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,845,674 times
Reputation: 958
Quote:
Originally Posted by user_2008
Hello,
Can anybody tell me that what's the rate going on today (26th Dec) for 30 year fixed loan with 0 points.
We have an excellant credit and stable income. And, ready to put more than 20% down payment for property if that matters to reduce the rate....
Please let me know about today's "THE BEST" rate (Fixed, 30 year, zero point loan).
Thanks in advance,
Happy Holidays!
Without more information such as location, loan amount, credit score, etc. it is impossible to quote you an accurate rate. Since I don't know that info I will make some assumptions and price it out as if you were local to me.
80% loan to value, 740+ FICO, $200,000 loan amount, owner occupied, single family detached residence, no escrow waiver, 12 day lock, full doc 30 year fixed in Clark County, NV is pricing out at 4.875% with no points and 4.5% with 1 point.
Again, this is based on some big time assumptions and as such this scenario may not be accurate as it pertains to your specific situation. This is also one of if not THE most aggressive wholesale lender in the business. Their underwriting is very stringent.
Despite the advertising online and in newspapers, TV & radio the reality is that "THE BEST" rate is not uniformly available in all locations / to all borrowers.
You need to simply do some calculations to determine what you can afford and go shopping. Lenders are not required to make a binding commitment to you until well into the process, so it is prudent to complete not just a quick "pre-approval" but fill out as much as possible to be "qualified" WITHOUT spending any money/ being singularly committed. Once you are satisfied that you have found the most responsive / upfront lender they should CONTACT YOU when it appears rates are most favorable.
The online sites that report TRENDS seem to suggest that the rates are some where between 5.1% and 5.3% for the best risks on 30 year fixed -- those are EXTREMELY attractive rates, better than anything that has been widely available for a very long time.
Without more information such as location, loan amount, credit score, etc. it is impossible to quote you an accurate rate. Since I don't know that info I will make some assumptions and price it out as if you were local to me.
80% loan to value, 740+ FICO, $200,000 loan amount, owner occupied, single family detached residence, no escrow waiver, 12 day lock, full doc 30 year fixed in Clark County, NV is pricing out at 4.875% with no points and 4.5% with 1 point.
Again, this is based on some big time assumptions and as such this scenario may not be accurate as it pertains to your specific situation. This is also one of if not THE most aggressive wholesale lender in the business. Their underwriting is very stringent.
The reason, I am asking for "Best Rate" because we are about to close next week..
For more accurate information regarding my mortgage-application:
"We are ready to pay almost 30% of loan value, have excellant credit score (above 750), $300K loan, owner occupied property, single family detached residence, with Escrow and propery is located in IL.
We inquiry with our lender today and he said 5.00% rate for 30 year fixed with zero points. I was expecting around high middle 4's, atleast 4.75%.
What is your suggestion? What I can get with my application? (with excellant credit score, good down payment and stable income etc..) I know marget is very up/down & nobody can judge/predict accurately..But If i want to close in next two days, eg. this coming Monday. What is the "Best rate" you can predict that I can get?
Did the lender discuss the option of a "rate buy down" if you do see rates fall? If you are already locked and they did not offer a "free float down" they may have a "buy down with points" option...
Without more information such as location, loan amount, credit score, etc. it is impossible to quote you an accurate rate. Since I don't know that info I will make some assumptions and price it out as if you were local to me.
80% loan to value, 740+ FICO, $200,000 loan amount, owner occupied, single family detached residence, no escrow waiver, 12 day lock, full doc 30 year fixed in Clark County, NV is pricing out at 4.875% with no points and 4.5% with 1 point.
Again, this is based on some big time assumptions and as such this scenario may not be accurate as it pertains to your specific situation. This is also one of if not THE most aggressive wholesale lender in the business. Their underwriting is very stringent.
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,845,674 times
Reputation: 958
Quote:
Originally Posted by VictorBurek
You must use Provident?
That is where the pricing is from, but I don't use them particularly since I work at a Full Eagle shop and my main focus is FTHB's and FHA/VA. The conventional deals I do are very solid though and as such have considered sending them to Provident as my bankline's pricing does not even compare.
Without more information such as location, loan amount, credit score, etc. it is impossible to quote you an accurate rate. Since I don't know that info I will make some assumptions and price it out as if you were local to me.
80% loan to value, 740+ FICO, $200,000 loan amount, owner occupied, single family detached residence, no escrow waiver, 12 day lock, full doc 30 year fixed in Clark County, NV is pricing out at 4.875% with no points and 4.5% with 1 point.
Again, this is based on some big time assumptions and as such this scenario may not be accurate as it pertains to your specific situation. This is also one of if not THE most aggressive wholesale lender in the business. Their underwriting is very stringent.
4.875 with no points is excellent. has this helped sales in clark county?
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