What is a apt interest rate for a jumbo FHA mortgage surrounded by CA?
I am working with two different mortgage brokers. One is telling me they can seize me an interest rate of 5% (paying 1 point) for a jumbo ($625K) 30-year fixed FHA loan with 3.5% down.
The other lender is telling me that isn't possible and that a 5% interest rate on a jumbo FHA 30-year fixed mortgage does not exist.
Does anyone enjoy experience getting such a loan recently and if so, can you share your rate?
The second lender is quoting around 5.4% with 1 point.
"> Mortgage loan is a residence used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the good point of the property risk for the lender.
http://www.worldbestloans.com/Mortgage%20Loan.htm
A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where on earth the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.
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The other lender is telling me that isn't possible and that a 5% interest rate on a jumbo FHA 30-year fixed mortgage does not exist.
Does anyone enjoy experience getting such a loan recently and if so, can you share your rate?
The second lender is quoting around 5.4% with 1 point.
"> Mortgage loan is a residence used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the good point of the property risk for the lender.
http://www.worldbestloans.com/Mortgage%20Loan.htm
A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where on earth the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.
Related Questions: