http://www.mortgagenewsdaily.com/forums/36.aspxFind mortgage related information, mortgage help and get answers to your mortgage related questions.enCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/forums/thread/90639.aspxWed, 08 Jul 2009 23:20:44 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:90639Kent Mikkola0http://www.mortgagenewsdaily.com/forums/thread/90639.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=90639The lenders that I use regularly have 1/1/5 caps on all hybrid ARMs, but the info you found is correct. I guess I forget that HUD allows for "more...http://www.mortgagenewsdaily.com/forums/thread/90633.aspxWed, 08 Jul 2009 23:08:12 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:90633Juan Boldizsar0http://www.mortgagenewsdaily.com/forums/thread/90633.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=90633Well..... Taylor Bean offers the FHA 5/1 with 1/1/5 caps..... I can forward you an image from a recent rate sheet if you like..... perhaps some other lenders...http://www.mortgagenewsdaily.com/forums/thread/90630.aspxWed, 08 Jul 2009 23:01:12 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:90630akaagassi0http://www.mortgagenewsdaily.com/forums/thread/90630.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=90630Juan Boldizsar: One thing about the FHA arms that alot of people seem to forget is that they have a 1/1/5 cap rate structure, which means that they can...http://www.mortgagenewsdaily.com/forums/thread/89526.aspxSun, 05 Jul 2009 23:13:37 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:89526Kent Mikkola0http://www.mortgagenewsdaily.com/forums/thread/89526.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=89526The payment change would be about $200/mo for a 1% change in rate on a loan amount of $326,000.http://www.mortgagenewsdaily.com/forums/thread/89499.aspxSat, 04 Jul 2009 17:09:14 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:89499Jeff Mickel0http://www.mortgagenewsdaily.com/forums/thread/89499.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=89499Well here my situation.....I'm a first time home buyer and currently applying for a home loan thought BOA. I'm a U.S. military active duty Marine...http://www.mortgagenewsdaily.com/forums/thread/80445.aspxFri, 05 Jun 2009 03:20:53 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80445Kent Mikkola0http://www.mortgagenewsdaily.com/forums/thread/80445.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80445The only drawback is you will have mortgage insurance on a 30 year even if you are under 80% of the purchase price. You may want to just put less down...http://www.mortgagenewsdaily.com/forums/thread/80350.aspxThu, 04 Jun 2009 21:36:57 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80350JayVee77770http://www.mortgagenewsdaily.com/forums/thread/80350.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80350Kent Mikkola: FHA ARMs cannot chnage by more than 1% each year. Would I qualify for this? What are the drawbacks? I'm a first-time homebuyer with 20...http://www.mortgagenewsdaily.com/forums/thread/80342.aspxThu, 04 Jun 2009 21:22:24 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80342Kent Mikkola0http://www.mortgagenewsdaily.com/forums/thread/80342.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80342The only factor would be how long it would take you to sell. The 1st adjustment of many 5/1 Conforming ARMs can be as much as 5%. Could you handle the...http://www.mortgagenewsdaily.com/forums/thread/80336.aspxThu, 04 Jun 2009 21:11:34 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80336Troy Topham0http://www.mortgagenewsdaily.com/forums/thread/80336.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80336PAR = The lowest interest rate used as the reference point for which a mortgage lender will neither pay a rebate (yield spread premium or negative points...http://www.mortgagenewsdaily.com/forums/thread/80323.aspxThu, 04 Jun 2009 20:33:01 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80323Scott Westemeyer0http://www.mortgagenewsdaily.com/forums/thread/80323.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80323Sorry Jay, didn't mean to be flippant there, I should have just said there's always a chance it won't sell right away. In the current market...http://www.mortgagenewsdaily.com/forums/thread/80317.aspxThu, 04 Jun 2009 20:24:41 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80317JayVee77770http://www.mortgagenewsdaily.com/forums/thread/80317.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80317What do you mean by PAR? (newbie here)http://www.mortgagenewsdaily.com/forums/thread/80310.aspxThu, 04 Jun 2009 20:09:12 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80310Troy Topham0http://www.mortgagenewsdaily.com/forums/thread/80310.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80310FYI- A lot of lenders stopped doing FHA ARM products recently. I'm sure there are still some out there, but my company is not one of them. Jay, I have...http://www.mortgagenewsdaily.com/forums/thread/80308.aspxThu, 04 Jun 2009 20:07:31 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80308JayVee77770http://www.mortgagenewsdaily.com/forums/thread/80308.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80308Scott Westemeyer: there's going to be a decent chance you won't sell the home right away. Why do you say that?http://www.mortgagenewsdaily.com/forums/thread/80304.aspxThu, 04 Jun 2009 20:05:06 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80304JayVee77770http://www.mortgagenewsdaily.com/forums/thread/80304.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80304Juan Boldizsar: we can offer a 5/1 FHA at 3.875% with 1 point. How can you offer that rate? That's way below the 5/1 conventional loans I've seen...http://www.mortgagenewsdaily.com/forums/thread/80303.aspxThu, 04 Jun 2009 20:03:47 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:80303JayVee77770http://www.mortgagenewsdaily.com/forums/thread/80303.aspxhttp://www.mortgagenewsdaily.com/forums/commentrss.aspx?SectionID=36&PostID=80303I am getting a conventional loan with 20% down... I've never looked into FHA, but on a Conventional yesterday I was quoted: 5.35 vs. 4.875... both...