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Reload this Page Do loans under $165k get worse rates? (loan, mortgage calculator, rate)
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Old 03-31-2009, 09:48 AM
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Default Do loans under $165k get worse rates?
One of the mortgage calculators I was using had a note that said conventional loans must be above $165k or the same rates may not apply. My price range on a house is up to $200k max with 20% down, which means the loan would be up to $160k max. Would I be better off trying to borrow $165k?
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Old 03-31-2009, 11:22 AM
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It varies by lender. That being said, in my personal opinion a slightly lower rate is not worth extending beyond what you want to borrow, and it is not worth paying mortgage insurance.
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Old 03-31-2009, 09:42 PM
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It appears so.
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