• ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info

Search results for query: *

  1. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    Its a fixed rate for 7yrs. I will not do an ARM. Just to many "what ifs" that can affect you payment way too much. We are doing the HELOAN, not the HELOC, so we avoid the whole ARM situation.

  2. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    Thanks for the insight. We just our E-appraisal back and are at exactly at 80% now. My wife and I have great credit, so we are doing a 7/yr at 3.25%. I see no need to buy lower as that's already a great rate/term with a payment we can definitely afford. We are going to auto-debit bi-weekly, so...

  3. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    @mtgldr Do yo have any information on Region's HELOAN program? Pros vs cons? We will be finishing our loan up and I would like to know if there are any catches to it. I have found VERY FEW people that even know anything about them.

  4. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    You can still choose 10,15, or 30. Not 100% on the 30, but def the 10&15.

  5. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    To add to this. Rates are in the low 3's right now. The HELOAN program also covers all refinance fees so you out of pocket nothing and can take advantage of the low rates. It is not a traditional Mortgage but rather a retail home loan. We are doing a 7 year at 3.25. It will save us $50k in...

  6. Mortgage people - whats the deal with these new mortgage insurance rules and offers??

    PMI typically only gets applied if you owe more than 80% of the appraised value of you home. If you pay it down enough and refinance, it can go way down or away all together. Check out Regions HELOAN program. If you have the credit and equity, could save you some decent money. Only downside...
Back
Top Bottom