thechoosenone Posted July 26, 2007 Report Share Posted July 26, 2007 7.170% interest rate on $208,000 $1400.00 payment with scores of 672, 643, and 715. closing cost came to $8000. Link to comment Share on other sites More sharing options...
kailix Posted July 26, 2007 Report Share Posted July 26, 2007 was that a purchase or a refi?what's the LTV?assuming owner-occupied?what's your DTI?what was the yield spread premium to the broker (listed on the "Settlement Sheet") roughly speaking, the more the broker got back, the better you could have done.all these things (and more, really) matter for figuring how you did.here is a good post on a broker's blog that discusses how the broker gets paid and walks you through a broker rate sheet. ht tp://abettermortgage.typepad.com/a_better_mortgage/behind_the_curtain/index.html(please note that rates may change every day, or even more than once a day, so don't use these rates, just use these to understand how all the different factors affect the rate you get) Link to comment Share on other sites More sharing options...
2ndTimeAround Posted July 26, 2007 Report Share Posted July 26, 2007 7.170% interest rate on $208,000 $1400.00 payment with scores of 672, 643, and 715. closing cost came to $8000.It's a good feeling to be off a month, not having to pay next months mortgage payment... Link to comment Share on other sites More sharing options...
IHateCAs Posted July 26, 2007 Report Share Posted July 26, 2007 ARM or fixed rate?What is value of the home? Link to comment Share on other sites More sharing options...
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