Comments on: Top 10 Reasons NOW is the time to buy http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/ Seattle's Leading Resource for Real Estate Information Sat, 21 Nov 2009 06:01:18 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331451 ARDELL Thu, 08 Jan 2009 06:16:30 +0000 http://raincityguide.com/?p=3833#comment-331451 That's a little steep. Maybe buy an FHA down to the conventional rate and the conventional rate down to 4.5%? That’s a little steep. Maybe buy an FHA down to the conventional rate and the conventional rate down to 4.5%?

]]> By: Rhonda Porter http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331446 Rhonda Porter Thu, 08 Jan 2009 05:26:44 +0000 http://raincityguide.com/?p=3833#comment-331446 Ardell, ballpark--around 2.75% points based on a quick glance on some rate sheets from this afternoon. (Tomorrow morning, when markets reopen, this may or may not be available--so this is not a rate quote). The seller can contribute up to 6% of the sales price towards actual closing costs with FHA as long as the buyer meets the 3.5% minimum required investment (the seller cannot pay that). Ardell, ballpark–around 2.75% points based on a quick glance on some rate sheets from this afternoon. (Tomorrow morning, when markets reopen, this may or may not be available–so this is not a rate quote).

The seller can contribute up to 6% of the sales price towards actual closing costs with FHA as long as the buyer meets the 3.5% minimum required investment (the seller cannot pay that).

]]> By: ARDELL http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331445 ARDELL Thu, 08 Jan 2009 04:42:32 +0000 http://raincityguide.com/?p=3833#comment-331445 Rhonda, If FHA were at 5%, how many points would it take to buy that down to 4.5%? Ballpark? Rhonda,

If FHA were at 5%, how many points would it take to buy that down to 4.5%? Ballpark?

]]> By: Rhonda Porter http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331426 Rhonda Porter Thu, 08 Jan 2009 00:26:24 +0000 http://raincityguide.com/?p=3833#comment-331426 PS Ardell, I've been quoting low 5's for FHA loans today. PS Ardell, I’ve been quoting low 5’s for FHA loans today.

]]> By: Rhonda Porter http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331425 Rhonda Porter Thu, 08 Jan 2009 00:25:42 +0000 http://raincityguide.com/?p=3833#comment-331425 They sure can! It would depend on the mid-low credit score of the buyer and how much the buyer is using for down payment as to how much the seller can contribute towards closing costs. They sure can! It would depend on the mid-low credit score of the buyer and how much the buyer is using for down payment as to how much the seller can contribute towards closing costs.

]]> By: ARDELL http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331424 ARDELL Thu, 08 Jan 2009 00:08:31 +0000 http://raincityguide.com/?p=3833#comment-331424 That's why I'm thinking the seller CAN buy it down to 4.5% for some...but not all. So Got 4.5%? Is the best I can come up with to raise the topic. That’s why I’m thinking the seller CAN buy it down to 4.5% for some…but not all. So Got 4.5%? Is the best I can come up with to raise the topic.

]]> By: Rhonda Porter http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331423 Rhonda Porter Thu, 08 Jan 2009 00:06:46 +0000 http://raincityguide.com/?p=3833#comment-331423 For that rate, you need to have a 60% or lower LTV, 740 or higher credit score, loan amount $300-$417k and hop on one leg in a circle three times (okay...I'm joking about the hopping). I better add that the apr is 4.629. It will be interesting to see what my rate post will look like on Friday. For that rate, you need to have a 60% or lower LTV, 740 or higher credit score, loan amount $300-$417k and hop on one leg in a circle three times (okay…I’m joking about the hopping). I better add that the apr is 4.629.

It will be interesting to see what my rate post will look like on Friday.

]]> By: ARDELL http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331420 ARDELL Wed, 07 Jan 2009 23:54:51 +0000 http://raincityguide.com/?p=3833#comment-331420 I'm thinking my opening remarks on all my listings will be "Got 4.5%?" Seriously...no kidding. I’m thinking my opening remarks on all my listings will be “Got 4.5%?” Seriously…no kidding.

]]> By: Rhonda Porter http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331414 Rhonda Porter Wed, 07 Jan 2009 23:41:16 +0000 http://raincityguide.com/?p=3833#comment-331414 That's funny! My head is hurting today after quoting extremely low rates only to have folks want them lower. "4.5% is the new 5". I needed the laugh, Ardell! :) That’s funny! My head is hurting today after quoting extremely low rates only to have folks want them lower. “4.5% is the new 5″.

I needed the laugh, Ardell! :)

]]> By: ARDELL http://raincityguide.com/2009/01/04/top-10-reasons-now-is-the-time-to-buy/#comment-331413 ARDELL Wed, 07 Jan 2009 23:39:06 +0000 http://raincityguide.com/?p=3833#comment-331413 Rhonda, Thought you'd get a kick out of this. I just got an email saying "rate update". I opened and scanned it and didn't see any numbers, just words. I looked more closely and here is the rate update portion of the email: "Rates are still very low and looking great." LOL!!! Thanks for nothing came to mind. Rhonda,

Thought you’d get a kick out of this. I just got an email saying “rate update”. I opened and scanned it and didn’t see any numbers, just words.

I looked more closely and here is the rate update portion of the email: “Rates are still very low and looking great.” LOL!!! Thanks for nothing came to mind.

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