Comments on: Just for Ardell…Interest Rates on Friday http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/ Seattle's Leading Resource for Real Estate Information Sat, 20 Mar 2010 16:58:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Friday’s Rates | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-123854 Friday’s Rates | Rain City Guide | A Seattle Real Estate Blog... Fri, 13 Apr 2007 16:20:40 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-123854 [...] The following rates are as of 8:30 a.m. on April 13, 2007 pst.   The conforming rates below are based on a 680 mid credit score with a $500,000 purchase price and a loan amount of $400,000 (20% down); full documentation and are priced with 1 point.   For more information on how I priced the following rates, please read my original Friday Rate post. [...] [...] The following rates are as of 8:30 a.m. on April 13, 2007 pst.   The conforming rates below are based on a 680 mid credit score with a $500,000 purchase price and a loan amount of $400,000 (20% down); full documentation and are priced with 1 point.   For more information on how I priced the following rates, please read my original Friday Rate post. [...]

]]> By: What’s the Point? | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-103138 What’s the Point? | Rain City Guide | A Seattle Real Estate Blog... Sun, 04 Mar 2007 06:43:40 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-103138 [...] The rates that I quoted on Friday are based on paying a point (1% discount).   As I mentioned on my first rate post, I’ve priced the rates this way because this is currently what most of my purchase clients have opted for.    Points may make more sense on a purchase than a refinance as the points are tax deductible for the year it was paid with a purchase.  With a refinance, the point tax deduction is spread over the term of the loan (unless the refinance is used to improve the home).  As always, check with your tax advisor…. Bottom line, it’s important to know your options and to pick the pricing that works best for your financial goals.  But hey, that’s just my opinion, right Brian?  [...] [...] The rates that I quoted on Friday are based on paying a point (1% discount).   As I mentioned on my first rate post, I’ve priced the rates this way because this is currently what most of my purchase clients have opted for.    Points may make more sense on a purchase than a refinance as the points are tax deductible for the year it was paid with a purchase.  With a refinance, the point tax deduction is spread over the term of the loan (unless the refinance is used to improve the home).  As always, check with your tax advisor…. Bottom line, it’s important to know your options and to pick the pricing that works best for your financial goals.  But hey, that’s just my opinion, right Brian?  [...]

]]> By: Zero Down Loan? You Better Have a 620 Credit Score or Higher | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-102746 Zero Down Loan? You Better Have a 620 Credit Score or Higher | Rain City Guide | A Seattle Real Estate Blog... Sat, 03 Mar 2007 02:03:21 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-102746 [...] Zero Down Loan? You Better Have a 620 Credit Score or Higher March 2, 2007 I’ve been working on a zero down rate quote for Jillayne, since she requested that two weeks ago when I did my posted my first Friday rate’s on RCG.   She was curious how 100% loan to value mortgages compare based on different credit scores.   At the company I work for, we have around 80 (woops…make that 78 now) lenders we work with.   A majority of our business is handled in our credit line (Mortgage Master is a Correspondent Lender) and some business is “brokered”.  Typically this is subprime or unique loans with added risk.   As a Loan Originator, you wind up selecting 3-5 of your favorite “a money” sources, a few “alt a” lenders and of course, and I like to have around 3-5 sub-prime lenders.   These are the lenders and representatives you rely on, get to know their products and trust their underwriting.    [...] [...] Zero Down Loan? You Better Have a 620 Credit Score or Higher March 2, 2007 I’ve been working on a zero down rate quote for Jillayne, since she requested that two weeks ago when I did my posted my first Friday rate’s on RCG.   She was curious how 100% loan to value mortgages compare based on different credit scores.   At the company I work for, we have around 80 (woops…make that 78 now) lenders we work with.   A majority of our business is handled in our credit line (Mortgage Master is a Correspondent Lender) and some business is “brokered”.  Typically this is subprime or unique loans with added risk.   As a Loan Originator, you wind up selecting 3-5 of your favorite “a money” sources, a few “alt a” lenders and of course, and I like to have around 3-5 sub-prime lenders.   These are the lenders and representatives you rely on, get to know their products and trust their underwriting.    [...]

]]> By: Mortgage Rates for Friday Morning | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-102634 Mortgage Rates for Friday Morning | Rain City Guide | A Seattle Real Estate Blog... Fri, 02 Mar 2007 18:01:15 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-102634 [...] Conforming Conventional (Single Family loan amounts up to $417,000).  Rates are based on 30 day lock periods.  The rates below are priced based on a loan amount of $350,000 with a 1% origination/discount with full documentation and a credit score of 680.   For more details on how I price the rates, please refer to my first interest rate post. [...] [...] Conforming Conventional (Single Family loan amounts up to $417,000).  Rates are based on 30 day lock periods.  The rates below are priced based on a loan amount of $350,000 with a 1% origination/discount with full documentation and a credit score of 680.   For more details on how I price the rates, please refer to my first interest rate post. [...]

]]> By: Interest Rates Unchanged and Mortgages Are Not Sexy | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-100353 Interest Rates Unchanged and Mortgages Are Not Sexy | Rain City Guide | A Seattle Real Estate Blog... Sat, 24 Feb 2007 01:17:00 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-100353 [...] For the most part, rates are unchanged as of those I posted last Friday.   Okay…that was too easy!  [...] [...] For the most part, rates are unchanged as of those I posted last Friday.   Okay…that was too easy!  [...]

]]> By: Rhonda Porter http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99789 Rhonda Porter Wed, 21 Feb 2007 21:15:27 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99789 Clark, Not really. It can vary quite a bit and is dependent on credit scores and loan to value. Clark,
Not really. It can vary quite a bit and is dependent on credit scores and loan to value.

]]> By: Clark http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99730 Clark Wed, 21 Feb 2007 16:57:38 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99730 Rhonda, Is there a general rule of thumb for how much higher the rates are for "no-doc" loans (given everything else is the same)? Thanks. Rhonda,
Is there a general rule of thumb for how much higher the rates are for “no-doc” loans (given everything else is the same)?

Thanks.

]]> By: 15 Year Mortgage Too Pricey for Normal People | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99141 15 Year Mortgage Too Pricey for Normal People | Rain City Guide | A Seattle Real Estate Blog... Mon, 19 Feb 2007 22:46:15 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-99141 [...] The part that struck me, being a Mortgage Planner, is that they are selecting a 15 year fixed mortgage for their financing.   That avenue would be an expensive choice for anyone.   She mentions trying to find a home priced around $320,000 based on what she sold her Boise property.   I’m assuming that Christy and Tom (her boyfriend) are conservative folks since they’re looking at a 15 year fixed mortgage…so the following comparisons are based on putting approx. 20% down.   I’m also using the rates I quoted on Friday. [...] [...] The part that struck me, being a Mortgage Planner, is that they are selecting a 15 year fixed mortgage for their financing.   That avenue would be an expensive choice for anyone.   She mentions trying to find a home priced around $320,000 based on what she sold her Boise property.   I’m assuming that Christy and Tom (her boyfriend) are conservative folks since they’re looking at a 15 year fixed mortgage…so the following comparisons are based on putting approx. 20% down.   I’m also using the rates I quoted on Friday. [...]

]]> By: Jillayne Schlicke http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-98378 Jillayne Schlicke Sat, 17 Feb 2007 21:07:26 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-98378 Hi Mark, Ardell is a real estate agent. Hi Mark,

Ardell is a real estate agent.

]]> By: Mark http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-98336 Mark Sat, 17 Feb 2007 19:01:57 +0000 http://raincityguide.com/2007/02/16/just-for-ardellinterest-rates-on-friday/#comment-98336 "from any real estate agent." but Ardell is NOT a Real Estate Agent. you should be more careful with your terminology. Semantics is VERY important to Ardell. “from any real estate agent.”

but Ardell is NOT a Real Estate Agent. you should be more careful with your terminology. Semantics is VERY important to Ardell.

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