If you are a home owner, what is your.... - Financial Management

Lady T · 03-10-2009, 02:42 PM

Interest rate? I want to find out what the general rate is. Whether or not I should shop for more rates. Please just vote if you are uncomfortable by no means do you need to respond in writing! TIA!!

Cobysmom75 · 03-10-2009, 02:46 PM

It is 4.75% 5/1 arm for the house in CA. It is 5% fixed 30 years for the house in VA.

Lady T · 03-10-2009, 02:47 PM

Originally Posted by Cobysmom75

It is 4.75% 5/1 arm for the house in CA. It is 5% fixed 30 years for the house in VA.

If you dont mind me asking, what does the bloded mean. I am trying to learn more and am a little confused.

Thank you SO much! Our credit is above 700 and they want to offer us 5.25 and I think I want to shop more for a better deal!

Cobysmom75 · 03-10-2009, 02:49 PM

Originally Posted by chiefswife

Thank you SO much! Our credit is above 700 and they want to offer us 5.25 and I think I want to shop more for a better deal!

The interest rates change on a daily basis. They go up and down. The first loan (CA) is not a VA loan, but the second one is. We locked in that rate about 2 months ago. I hope that helps.

Lady T · 03-10-2009, 02:51 PM

Originally Posted by Cobysmom75

The interest rates change on a daily basis. They go up and down. The first loan (CA) is not a VA loan, but the second one is. We locked in that rate about 2 months ago. I hope that helps.

Thanks and

it helps!

Trey · 03-10-2009, 02:51 PM

6.375.

My biggest regret... it was 7% for the longest time, and then it dropped to that and I locked and then the market crashed and it jumped down to 5.something a few days later.

I still kick myself!

I would be thrilled for 5.25 though, personally.

Are you doing a VA?

gunsgirl · 03-10-2009, 02:52 PM

6.25%

kimly · 03-10-2009, 02:53 PM

we bought our house in 2005 and got 6.03%, I would love to re-finance but I'm so clueless on how to do it.

Lady T · 03-10-2009, 02:57 PM

Originally Posted by Rileysmom

6.375.

My biggest regret... it was 7% for the longest time, and then it dropped to that and I locked and then the market crashed and it jumped down to 5.something a few days later.

I still kick myself!

I would be thrilled for 5.25 though, personally.

Are you doing a VA?

Yes we are we got approved at 5.25 and I want lower, selfish I know! But it makes such a big difference. The HOA and Mello Roos is KILLING me out here!!

Trey · 03-10-2009, 02:58 PM

Yeah, mello roos can be a *****! But that means the community is usually a lot nicer too...

And I DREADED the HOA fees, but after driving through a few neighborhoods, I'm so ****ing thankful for them! It's worth the $61 a month to see the clean streets, no ****ing cars in the lawn, overgrown yards..... Plus we have a pool too!

View Poll Results: What is your interest rate on your home? Please pick the number that is closest!
4% or below	2	5.41%
4.25%	0	0%
4.5%	1	2.70%
4.75%	3	8.11%
5.0%	5	13.51%
5.25%	4	10.81%
5.5 or higher	22	59.46%
Voters: 37. You may not vote on this poll

03-10-2009, 02:42 PM	#1 (permalink)
Lady T Is it May 2010 yet? Join Date: Jan 2008 Location: San Diego, California Posts: 7,530 Classifieds: (1) Activity: 67% Longevity: 32%	If you are a home owner, what is your.... Interest rate? I want to find out what the general rate is. Whether or not I should shop for more rates. Please just vote if you are uncomfortable by no means do you need to respond in writing! TIA!! __________________ Missing the love of my life for too long...

03-10-2009, 02:46 PM	#2 (permalink)
Cobysmom75 Life is good. Join Date: Apr 2008 Location: Southern California Posts: 10,288 Classifieds: (0) Activity: 0% Longevity: 27%	It is 4.75% 5/1 arm for the house in CA. It is 5% fixed 30 years for the house in VA. __________________

03-10-2009, 02:51 PM	#6 (permalink)
Trey Jamie's favorite. Be jealous. Join Date: Sep 2005 Location: Where the surf meets the sand... Posts: 23,287 Classifieds: (3) Activity: 68% Longevity: 71%	6.375. My biggest regret... it was 7% for the longest time, and then it dropped to that and I locked and then the market crashed and it jumped down to 5.something a few days later. I still kick myself! I would be thrilled for 5.25 though, personally. Are you doing a VA? __________________

03-10-2009, 02:52 PM	#7 (permalink)
gunsgirl I love cats Join Date: Jul 2007 Location: kingsland GA/ HITRON JAX Posts: 4,370 Classifieds: (3) Activity: 60% Longevity: 39%	6.25% __________________ GA licensed Realtor Dawn

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03-10-2009, 02:53 PM	#8 (permalink)
kimly Senior Member Join Date: Sep 2008 Location: Great Lakes Posts: 11,206 Classifieds: (0) Activity: 0% Longevity: 19%	we bought our house in 2005 and got 6.03%, I would love to re-finance but I'm so clueless on how to do it. __________________ Part of Team Amazing

03-10-2009, 02:58 PM	#10 (permalink)
Trey Jamie's favorite. Be jealous. Join Date: Sep 2005 Location: Where the surf meets the sand... Posts: 23,287 Classifieds: (3) Activity: 68% Longevity: 71%	Yeah, mello roos can be a ***! But that means the community is usually a lot nicer too... And I DREADED the HOA fees, but after driving through a few neighborhoods, I'm so ing thankful for them! It's worth the $61 a month to see the clean streets, no **ing cars in the lawn, overgrown yards..... Plus we have a pool too! __________________