chicg
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Post by chicg on Jun 25, 2020 9:37:34 GMT -5
Update
Chicg [2] -6/11/20, $8,977 (11/7/14, 4217.34 MPT266)
Citi $8977 ($300 decrease from last post)
Just a little extra payment to give me a boost of seeing the number below $9K. Things are very boring in my world right now, which I won't complain about since I still have my (relative) health and job, but staying in for the most part and living alone is starting to get to me again, it's the same thing every single day. It's been hard navigating things opening back up when I'm still on the more cautious side regarding the virus and people are handling it so differently across the country. I had a dentist appt, I have a haircut next week, but I'm still not doing bars and restaurants and unmasked/non-distanced gatherings (things here in IL are looking great with containing the virus so I'm trying to follow the guidelines to keep it that way, plus I'm high risk). Anyhow, enough of that, happy to finally see a little movement on my cc. My goal to get under $10K is long overdue so it's nice to finally pass that. I'll also be getting a $275 refund for concert tickets, the show was postponed until 10/21, that's just too far out for me to plan. I bought 2 tickets and still don't have anyone to go with, so I figure I'll take the refund now and just pay the inflated StubHub prices for myself when the time comes if I'm available.
Welcome back Muffy!
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idlechatter
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Post by idlechatter on Jun 27, 2020 22:01:33 GMT -5
I have to look back and catch up. I'm still crawling along because of the interest free period on student loans. I had a couple of big expenses the last couple of days that I put on my credit cards (I have the cash for all of it!) including a dental implant and motorcycle parts. I didn't want to do it but my credit score dipped a couple of points and said it was noted that it was due to lack of usage. So I figured I'd throw those things on there and let them hit the end of the statement period to get reported and then pay them in full. Since I'm reporting my update late but as of the 15th and it was just since this past Thursday and I have the cash for them, they're not reflected below. I will be back tomorrow to catch up and see what's been going on with everyone. I hope everyone is well amid the further outbreaks. June Summary• June debt paydown of $317.28 • Total student loan payments saved for September of $2,625! 2020 Goals• Under $26K by December 2020 update. (met April 2020!) • Reach 75% paid off by December 2020. (so close to this one!!) • Reach 60% paid off since WIRR start by December 2020. (met February 2020!) • Pay off another student loan by December 2020. (met February 2020 x2!) • Reduce SL#B and SL#D to <$2,750 by Dec 31 20. (met and PAID OFF February 2020!) • Reduce Auto loan to <$4.5K by Dec 31 20. idlechatter (2) 6/15/2020 $25,348.75 (12/13/2017 $71,083.09 C165) Debt | Interest Rate | Starting Debt | WIRR Start 12/13/2017 | 6/15/2020 | Difference from WIRR Start | Total Difference |
CC#1a | - | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | CC#1b | 0.00% | $4,846.31 | $4,846.31 | $0.00 | -$4,846.31 | -$4,846.31 | CC#2 | 18.92% | $1,592.09 | $1,592.09 | $0.00 | -$1,592.09 | -$1,592.09 | SL#A | 6.80% | $3,024.00 | $640.37 | $0.00 | -$640.37 | -$3,024.00 | SL#B | 6.80% | $8,400.00 | $5,465.90 | $0.00 | -$5,465.90 | -$8,400.00 | SL#C | 6.80% | $31,822.91 | $21,424.73 | $13,694.99 | -$7,729.74 | -$18,127.92 | SL#D | 6.80% | $8,400.00 | $5,596.11 | $0.00 | -$5,596.11 | -$8,400.00 | SL#E | 6.80% | $11,370.48 | $8,723.05 | $5,625.44 | -$3,097.61 | -$5,745.04 | SL#6 | 6.55% | $6,581.00 | $2,926.35 | $0.00 | -$2,926.35 | -$6,581.00 | Auto | 1.90% | $19,036.80 | $15,864.00 | $6,028.32 | -$9,835.68 | -$13,008.48 | Moto | 7.99% | $4,384.14 | $4,004.18 | $0.00 | -$4,004.18 | -$4,384.14 |
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[/TD] [TD] [/TD] [TD] $99,457.73 [/TD] [TD] $71,083.09 [/TD] [TD] $25,348.75 [/TD] [TD] -$45,734.34 [/TD] [TD] -$74,108.98 [/TD] [/TR] [/TABLE]
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swordguy
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Post by swordguy on Jun 28, 2020 13:07:04 GMT -5
We've finished the repairs on our old house and it goes on the market on Monday. Photos already taken. Realtor says average days on market is 24 at this point in time. Average would be just fine.
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nidena
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Post by nidena on Jun 28, 2020 17:45:19 GMT -5
We've finished the repairs on our old house and it goes on the market on Monday. Photos already taken. Realtor says average days on market is 24 at this point in time. Average would be just fine. Do you have the MLS? I'd be happy to share on my facebook page; and, if it's near a military base, there's a couple groups I can share it to.
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byedebtbye
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Post by byedebtbye on Jun 29, 2020 1:52:28 GMT -5
UPDATE ByeDebtBye: 06/29/20 $21,706.76 (09/28/18, $33,407.11, WIRR180)
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swordguy
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Post by swordguy on Jun 30, 2020 13:12:44 GMT -5
House went on the market yesterday. Seven showings and one offer so far. Wish us luck!
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debthaven
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Post by debthaven on Jun 30, 2020 13:26:00 GMT -5
wow swordguy that's fabulous! good luck!
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chiver78
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Post by chiver78 on Jun 30, 2020 15:44:17 GMT -5
nice! hope everything goes smoothly for you I just got off the phone with my mortgage broker, I finally got around to calling him yesterday. discussed the sale, proceeds, bonus, my ill-advised decisions and the remaining balance of $60k by the end of the month. oh, and my current salary, and that my credit score is still over 730. he said that I would more than qualify for a loan for a purchase price near $400k, and that he would pull info for a pre-approval letter for me once I unlock my credit. thanks, Equifax. we also talked about how having that $30k in the bank, available for a DP if I wanted to, gave me a bunch of options for loan types. last time I did the $0 down USDA loan simply because that was the best interest rate at the time. so, lots of options. feeling way better about all of this, now I just need to figure out where I'm looking.
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debthaven
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Post by debthaven on Jun 30, 2020 17:34:36 GMT -5
great news chiver!!! but if you can find a house at 300K or 350K, i think you'd feel better about the future.
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chiver78
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Post by chiver78 on Jun 30, 2020 17:46:33 GMT -5
yes, absolutely, but this market is obscene in MA. $400k is *my* ceiling. I would be approved for way more than that. I should have qualified that statement. my broker actually said to me that I have typically been one of his more conservative buyers, not spending everything I *could*.
I'm finding smaller (~1200sf) homes in the $350k range up and down the South Shore, so this isn't going to be a problem. I just need to pull the trigger. I'll have more answers tomorrow after talking to the recruiter again. I talked to my boss yesterday, about post-COVID and WFH allowances, and that is clear as mud at this point. he said we will be WFH til mid-fall, at least, and after that is still uncertain. but, that I am still listed as the office in town and not the farther suburb - so that's doable from the beach.
what I said to my boss yesterday, and the loved ones I've spoken to recently here, is that in the short time I've been back in this area, I remember why I left. I don't see that feeling going away as the world opens up and things are even more crowded up here.
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nidena
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Post by nidena on Jun 30, 2020 19:39:42 GMT -5
It's good you're using a broker. Too many folks just go through the big banks like Chase or Wells Fargo not realizing that they can get a better rate using a broker.
I got the clear to close today and should be getting the final paperwork to review in a couple days. I think there's still an expectation that I'll get my earnest money back so I told my broker that I'd just take the refund vs trying to buy down the rate further. I can use those funds for other, more immediate, things.
Been working lots of hours at the part-time. Was scheduled for only two shifts but my manager got extra payroll so I volunteered for two more shifts last pay period and also today. I may end up going in on Saturday, too. The company is having a huge sale, trying to get rid of all the stuff from March. Like, $160 dresses are marked down to $39.99. I spent my extra shifts reorganizing the sale items and bringing stuff to the sales floor from the backroom. I anticipate we'll sell 1000+ pieces between now and the end of this weekend.
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chiver78
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Post by chiver78 on Jul 1, 2020 7:21:32 GMT -5
Yup. I found this guy via Lending Tree, I don't even remember how long ago. I refinanced the townhouse when I realized I was going to be stuck there longer than I wanted to be, waiting for the market to recover enough for me to sell and cover my payoff amount. I ended up refinancing twice, and then using his company again for the house I just sold. he said that 30yr fixed rates were around 3.25% now, expecting to tick higher as the summer goes on.
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swordguy
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Post by swordguy on Jul 1, 2020 9:28:26 GMT -5
House went on the market yesterday. Seven showings and one offer so far. Wish us luck! Offer was made before the house was viewed in person. Offer was withdrawn this morning after they toured it last night. Had a gut feeling that would happen.
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TheHaitian
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Post by TheHaitian on Jul 1, 2020 15:14:57 GMT -5
Hey everyone, new month... should have an update by tomorrow! I
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TheHaitian
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Post by TheHaitian on Jul 1, 2020 15:15:27 GMT -5
House went on the market yesterday. Seven showings and one offer so far. Wish us luck! Offer was made before the house was viewed in person. Offer was withdrawn this morning after they toured it last night. Had a gut feeling that would happen. Sorry to hear but with that much interest I am sure it will sell quickly!
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nidena
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Post by nidena on Jul 1, 2020 20:42:35 GMT -5
Yup. I found this guy via Lending Tree, I don't even remember how long ago. I refinanced the townhouse when I realized I was going to be stuck there longer than I wanted to be, waiting for the market to recover enough for me to sell and cover my payoff amount. I ended up refinancing twice, and then using his company again for the house I just sold. he said that 30yr fixed rates were around 3.25% now, expecting to tick higher as the summer goes on. I'm part of a veteran's mortgage/realtor/customer group on Facebook. There was discussion, today, that rates are as low as 2.5%. I wasn't able to get that low but maybe you can.
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chiver78
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Post by chiver78 on Jul 1, 2020 20:53:05 GMT -5
Yup. I found this guy via Lending Tree, I don't even remember how long ago. I refinanced the townhouse when I realized I was going to be stuck there longer than I wanted to be, waiting for the market to recover enough for me to sell and cover my payoff amount. I ended up refinancing twice, and then using his company again for the house I just sold. he said that 30yr fixed rates were around 3.25% now, expecting to tick higher as the summer goes on. I'm part of a veteran's mortgage/realtor/customer group on Facebook. There was discussion, today, that rates are as low as 2.5%. I wasn't able to get that low but maybe you can. oh wow! I will have to ask about that. he gave me the 3.25% number to use in payment calls as a rough guideline. I'd also consider doing the USDA loan again if that made the most sense. but I have time.
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movinonup
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Post by movinonup on Jul 1, 2020 21:01:08 GMT -5
I'm part of a veteran's mortgage/realtor/customer group on Facebook. There was discussion, today, that rates are as low as 2.5%. I wasn't able to get that low but maybe you can. Maybe that was for a 15 year loan? -movinonup
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nidena
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Post by nidena on Jul 1, 2020 21:23:30 GMT -5
I'm part of a veteran's mortgage/realtor/customer group on Facebook. There was discussion, today, that rates are as low as 2.5%. I wasn't able to get that low but maybe you can. Maybe that was for a 15 year loan? -movinonup Surprisingly, no. It was for a 30 and I misspoke. It was 2.25%.
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TheHaitian
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Post by TheHaitian on Jul 1, 2020 22:19:46 GMT -5
I'm part of a veteran's mortgage/realtor/customer group on Facebook. There was discussion, today, that rates are as low as 2.5%. I wasn't able to get that low but maybe you can. Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go.
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nidena
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Post by nidena on Jul 2, 2020 9:01:46 GMT -5
Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go. That is a tremendous savings! There are so many better things to do with your own money than pay PMI. And getting that "breather" month when the refi is approved is nice, too. Happy thoughts for a smooth process.
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steph08
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Post by steph08 on Jul 2, 2020 10:30:36 GMT -5
UPDATE: steph08 [2] 7/3/2020 $11,494.07 (11/15/2016 $57,941.58 NE139) Bill (Interest Rate) | Start | Previous | Current | Difference | Normal Payoff | Monthly Payment | Big Student Loan (5.08%) | 18,337.66 | 0.00 | 0.00 | - | November 2022 | $298.59 | Small Student Loan (5.7%) | 4,585.95 | 0.00 | 0.00 | - | November 2022 | $81.81 | Truck (2.49%) | 18,995.89 | 6,511.60 | 6,110.07 | 401.53 | October 2021 | $416.19 | Van (3.6%) | 8,463.08 | 0.00 | 0.00 | - | October 2022 | $154.49 | CC (0%) | 7,559.00 | 5,719.00 | 5,384.00 | 335.00 | | $76.00 | TOTAL | 57,941.58 | 12,230.60 | 11,494.07 | 736.53 | | $1,027.08 |
Paid this update: $736.53 Total Paid: $46,447.51 Percent Paid: 80.16% I'm just keeping on keeping on.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 2, 2020 11:33:37 GMT -5
Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go. wow - that is fantastic! I never new PMI could be so high! I though it was like 30-75ish/month.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Jul 2, 2020 11:36:43 GMT -5
bankrate doesn't have anything listed under 3%.
Where to go for these 2.25 type rates?
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saveinla
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Post by saveinla on Jul 2, 2020 11:38:23 GMT -5
Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go. Hope that lower payment can help you reduce the other debts faster. Good luck.
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nidena
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Post by nidena on Jul 2, 2020 12:23:19 GMT -5
bankrate doesn't have anything listed under 3%. Where to go for these 2.25 type rates? I looked at a couple bank sites, some are right at 3% but it may be the veteran aspect that works towards the favor of a sub-3.
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nidena
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Post by nidena on Jul 2, 2020 12:26:57 GMT -5
Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go. If there is unsecured debt that you'll not increase again, could you do a cash-out refi to pay those off? Maybe not the credit cards but the personal loans. Or will the monthly savings be enough to knock them out that way?
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anciana
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Post by anciana on Jul 2, 2020 13:34:13 GMT -5
Maybe that was for a 15 year loan? -movinonup Actually going through a refinance process right now and their advertised rate is 2.75% for 30 years. Due to my debt to limit ratio that lowered my credit score (duh duh)… I was approved for 3.25% and 30 years (currently at 3.5%). Does not save me much in terms of interest but it gets ride of PMI which is $439/month (home appraised for 630k vs 476k owed). That takes my monthly payments from $3,315 to $2,705/month … $610/month lower. So I think I will accept it. But if I did not have ~80k worth of debt I am carrying around that lowered my credit score 2.75% would have been a possibility. They even suggested trying to do it with just my wife (all the debt is under my name) since she has excellent credit (close to 800) and she would have qualified for the 2.75% but she needed my income to qualify for the mortgage so that was a no go. Yeah, I was wondering the same thing, where are those super low rates? When we asked the bank that holds our mortgage, they said it would be around 3.5 (possibly a tad lower now) but with 4-6K in closing cost. I checked couple of other big banks that would post online rates and right now they're offering 3.375 and about 1.6K in closing costs. I guess there are those "online lenders" as I don't know what to call them, but has anyone refinanced through them and could shed some light if they're really OK? I believe bobosensei has mentioned one company just recently when I was searching through the boards on refi information and I just don't know how to check them out and their online reviews are always glowing
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nidena
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Post by nidena on Jul 2, 2020 13:44:50 GMT -5
The big banks won't necessarily have the best rate for you. That's why it's best to go with mortgage brokers rather than through the banks. Bank goals are to get new customers. Broker goals are to get you the best rate. I would recommend checking out www.vettedva.com for awesome loan officers. They deal a lot with VA loans but know a tremendous amount about ALL loans. And they'll work to find you the best rate because they're not tied to any one lending institution. ETA: Keep in mind there are numerous things that come into play for rates: DTI ratio Location Credit Score Lending company to name a few...
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anciana
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Post by anciana on Jul 2, 2020 14:07:58 GMT -5
The big banks won't necessarily have the best rate for you. That's why it's best to go with mortgage brokers rather than through the banks. Bank goals are to get new customers. Broker goals are to get you the best rate. I would recommend checking out www.vettedva.com for awesome loan officers. They deal a lot with VA loans but know a tremendous amount about ALL loans. And they'll work to find you the best rate because they're not tied to any one lending institution. ETA: Keep in mind there are numerous things that come into play for rates: DTI ratio Location Credit Score Lending company to name a few... Thank you very much, nidena, we thought about using a broker but a bit shy there as the last two we worked with burned us. Maybe if we look for a better recommendation for a broker as you suggested
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