So, still wondering about interest rates?
Ken Cook over at Novation Mortgage tossed out a post yesterday on one of his blogs giving some particulars. Below are a few quotes, and of course I provided a link to the original:
Remember, advertisements for lower rates generally require discount points – DiTech likes to use 2% of the loan amount – and unrealistic credit scores such as 731 and above. These are real rates, no discount points, 80% LTV, full doc, FNMA, 680 middle score.
5/1 ARM (Five Year Fixed Period) 1.00 Origination 4.875 Interest 5.14APR (Start) $1,270.10 P&I 30 Year Fixed Mortgage 1.00 Origination 5.625 Interest 5.91APR (Fixed for30 Years) $1,381.58 P&I
Ken and his team are local. They operate quite differently than the big national “no-brainer” folks. The numbers they give you stick.
If you are thinking about buying a house, the climate is not bad at all. There is a good inventory. The rates obviously rock. If you are selling a home, it needs to be competitively priced and well presented. If you don’t get what you expect in the sale, you may just make up for it on the purchase of the next home.
Call Ken at Novation (feel free to call a few lenders and compare… I’m not completely plugging Ken) and then call me. I have a line on some really cool garage homes.
Novation 678-946-0100
Lane 678-200-5895
I have been awful serious about real estate this week… I’ll have to work on that.
Don’t hesitate to shoot Lane a message if you have any questions, or need any help. And check out the new links for FREE Property Searching, FREE Comparative Market Analysis and FREE Market Reports. They are near the top of the page…
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Lane’s New Video Channel
I have just struck a deal with The Video Connector to provide video content for my sites. Look for lots of cool videos from Tara and TJ from Reel Productions. They have been the providers of my video tours for a couple of years now, and really have a handle on the real estate market. Enjoy.
Don’t hesitate to shoot Lane a message if you have any questions, or need any help. And check out the new links for FREE Property Searching, FREE Comparative Market Analysis and FREE Market Reports. They are near the top of the page…
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Don’t hesitate to shoot Lane a message if you have any questions, or need any help. And check out the new links for FREE Property Searching, FREE Comparative Market Analysis and FREE Market Reports. They are near the top of the page…
Thank you LANE! And folks, when you need someone who will give you 100% of their undivided attention – someone who will listen to you and HEAR you about what you need to fulfill your needs, you’ve found him in Lane Bailey. I know Lane personally and have a great deal of respect for him, his ethics and his opinion. Besides, if you find the home you want and you just need it to be a little more – a big garage, more space, a giant 12′ brick wall all the way around – Lane knows where to find the loan that will buy the house and finance the upgrades. And Lane is, after all, THE quintessential “Garage Home” source for car enthusiasts!
Thanks for the props Ken.
Ken is one of the tools in my arsenal for both buyers and sellers. By helping get buyers qualified and through closing… he is helping the sellers.