Author Topic: Any mortgage experts on the forums?  (Read 3937 times)

Offline Zalc

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Re: Any mortgage experts on the forums?
« Reply #15 on: July 11, 2019, 12:06:11 AM »
Hi there.. not sure where to post, so I'll post here.

I know of someone who's just had their 60 acre property (in the Poconos) sold via sherrif auction (very sad story)... they might have a chance to buy it back from the new buyer, and we're hoping they wont charge them too much more than they paid...

Here's the question - does anyone here know a good place from where can they get a short-term loan of around 100k - they'll need about 2-3 years to pay it off, and they are ready to pay about 20% interest... they are also ready to put the property (tax-assessed for about 600k) as collateral.

thanks
Credit cards or I've heard good things about Share states.com
(Not affiliated, but have worked with them a bit)

Offline BarryLincoln

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Re: Any mortgage experts on the forums?
« Reply #16 on: August 26, 2019, 04:38:35 PM »
Am considering a mortgage refi now that rates are back at historic lows.  Bank I am talking to is offering a 3.25% fixed rate 30-year mortgage with zero points.  About $3,500 in closing costs (bank fees, title insurance, appraisal, etc.)  Looks to me to be a good deal but was curious if there are any experts out there who might be able to weigh in...  thanks in advance!

Offline ruru1000

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Re: Any mortgage experts on the forums?
« Reply #17 on: August 26, 2019, 05:40:35 PM »
Which bank is this? If refinancing with the same bank as the current loan, you may be able to get them to cover the closing costs as well.

Offline upside down

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Re: Any mortgage experts on the forums?
« Reply #18 on: August 26, 2019, 09:23:47 PM »
Am considering a mortgage refi now that rates are back at historic lows.  Bank I am talking to is offering a 3.25% fixed rate 30-year mortgage with zero points.  About $3,500 in closing costs (bank fees, title insurance, appraisal, etc.)  Looks to me to be a good deal but was curious if there are any experts out there who might be able to weigh in...  thanks in advance!
Which bank is quoting 3.25%?

Online tzifanya54

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Re: Any mortgage experts on the forums?
« Reply #19 on: August 26, 2019, 09:30:52 PM »
Am considering a mortgage refi now that rates are back at historic lows.  Bank I am talking to is offering a 3.25% fixed rate 30-year mortgage with zero points.  About $3,500 in closing costs (bank fees, title insurance, appraisal, etc.)  Looks to me to be a good deal but was curious if there are any experts out there who might be able to weigh in...  thanks in advance!
Please share. Which bank? I am being quoted @ 3.60% with $4500 in closing costs....

Offline stmark

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Re: Any mortgage experts on the forums?
« Reply #20 on: August 27, 2019, 03:59:39 PM »
I got an offer from approved funding in NJ for 3.5% 30 yr fixed with $3500 closing cost. 3.625% for a cash out 30 yr refi to pull 25k out.

Offline mushkovits

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Re: Any mortgage experts on the forums?
« Reply #21 on: August 27, 2019, 06:05:01 PM »
Anyone with knowledge on a construction loan?
When a bank holds back a interest reserve, is it as if it was funded and Iím charged interest on it?

Offline mushkovits

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Re: Any mortgage experts on the forums?
« Reply #22 on: August 28, 2019, 05:36:44 PM »
Anyone with knowledge on a construction loan?
When a bank holds back a interest reserve, is it as if it was funded and Iím charged interest on it?
Anyone?

Offline Jellybelly

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Re: Any mortgage experts on the forums?
« Reply #23 on: August 28, 2019, 07:59:45 PM »
Just asked a friend who a commercial mortgage broker , and they answered me; yes but get a broker, thatís what theyíre there for

Offline momo

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Re: Any mortgage experts on the forums?
« Reply #24 on: August 28, 2019, 08:02:10 PM »
Anyone?
depends which bank. Some yes, some no.

Offline daybyday

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Re: Any mortgage experts on the forums?
« Reply #25 on: September 03, 2019, 11:57:09 AM »
Am considering a mortgage refi now that rates are back at historic lows.  Bank I am talking to is offering a 3.25% fixed rate 30-year mortgage with zero points.  About $3,500 in closing costs (bank fees, title insurance, appraisal, etc.)  Looks to me to be a good deal but was curious if there are any experts out there who might be able to weigh in...  thanks in advance!
3.25% seems significantly lower than todays rates, I wonder if there is a catch. Also $3500 is significantly below the average to refi. I did refi 2 years back and most people told me to expect 10k, i was glad to have paid 6k. In retro it was well worth it, bh already saved more than i spent.

Offline efflpetzel

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Re: Any mortgage experts on the forums?
« Reply #26 on: September 05, 2019, 12:45:42 AM »
3.25% seems significantly lower than todays rates, I wonder if there is a catch. Also $3500 is significantly below the average to refi. I did refi 2 years back and most people told me to expect 10k, i was glad to have paid 6k. In retro it was well worth it, bh already saved more than i spent.
-1.
I also got 3.25% yesterday

Online tzifanya54

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Re: Any mortgage experts on the forums?
« Reply #27 on: September 05, 2019, 05:06:54 PM »
-1.
I also got 3.25% yesterday
Which bank?

Offline efflpetzel

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Re: Any mortgage experts on the forums?
« Reply #28 on: September 05, 2019, 05:55:31 PM »
Not one of the big ones

Online tzifanya54

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Re: Any mortgage experts on the forums?
« Reply #29 on: September 06, 2019, 08:04:03 AM »
Not one of the big ones
Through a broker? Or direct by the bank?