Me and My fiance are about to get approved for a mortgage toghther. My credit score is about 730, hers is 615. We both have equal income and it is suffiecent to cover what are expected monthly payments will be. CAn someone estimate about what kind of interest rate we should expect?
Well your score alone is exceptional. Excellent enough to qualify for some of the best rates, hers but is on the very low end of mean. If they mean the scores you will get a score around 672 which is probably excellent enough to quailify for prime in most banks.
My guess is anywhere from 6.2-6.8% would be about right.
For a 30 year fixed, expect about 6% to 6.25%. Rates do fluctuate.
An ARM will be lower, but runs the very real risk of going up.
If you qualify for in compliance, which is a possibility considering the credit scores, the rates are running in the high 5s to low 6s.
it depends. but ya’ll have very excellent credit score’s. send me an email i may be able to get you a better deal then what you get pre-approved for.
the going rate is 6.5 for 0 pionts…but if this helps you can go to a bank site and see what the they have as their rates.
5.75 – 6.5% depending on your approval level and other factors like income, assets, and amount of down payment. Give me a call and I’ll let you know. We have hundreds of lending sources to point out from.
Well there are a few factors here. First of all I would NEVER take a quoted rate over the phone nor over the internet. There are way too many brokers out there right now quoting a Fantastic rate just to get people reeled in. But they can’t deliver it at DOCS. Or even worse it’s an option arm or they use your money to buy down the rate. So if you want straight answers and NO suprises at signing email me and I can see what I can do for you! I know you have already done the shopping but is it in your best interest to save money???
After you have some equity in your home, You may be interested in this new program. It works well with a 30, 20, or 15 year mortgage. I am currently using a HELOC (home equity line of credit) with a new software program that helps erect equity quick, and will payoff my home and other loans in less than half the time without refinancing, and without extra payments. It is saving me thousands in interest, and pays off home in less than half the years. Those who take an honest look at all the facts and figures from a reputable source will find that this logic truly makes a significant advantage for homeowners. E-mail me if interested.