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This may be a long shot Dave but it saved me. I showed a delinquency of 18% so went back to the management company. I asked them to double check this for me. After probing the clerk (key point here) who was filling out the hoa cert I realized, as she did, she might be miscalculating the actual delinquency rate. She talked to her manager who confirmed
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Frank, This is the super across the way, and I don't buy this for a minute. Not happening! This is referring to a whole new way of securitizing and selling mortgages and I don't think he has that kind of power, president or not, to make this kind of change. The system won't allow for it and the housing industry's downfall would hang
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The 20% down can be all gift-you would not need 5% of your own funds. Less than 20% down, different story.
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I am interested in your 4.25% 30 year fixed rate loan. What is the small buy down fee? Why are you listed as a broker on the CA DRE website if you're a direct lender? Edit: This was in response to a reply that has since been deleted.
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FHA loans have a two categories right now, a "standard" FHA if you will, up to a loan amount of $417K and Jumbo FHA, anything above that up to the limit of $729,750. There is different pricing for these temorary Jumbo FHA's of anywhere from .25% to .5% higher depending on the lender. That said, 5.375% could be a bit on the high side but
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I was thinking the exact same thing when I logged in this morning and scanned the recent posts. I'm all for a discussion from time to time but that was nauseating. I really don't understand how some have so much spare time to devote hours to bickering. Maybe I'm just a poor manager of time
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I have one. I haven't been able to verify if this applies to loan amounts over $417K. All I've read refers to "Conforming Loan Limits" but does not address high balance or jumbo conforming. Assuming the loan is held by Fannie or Freddie but is over the $417K, do you have verification it's eligible? Thank you
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Need a little more info Nathan. What is your current loan balance? Rate? When did you originally get this loan? And a few other things would be needed before a meaningful quote could be given. There are a lot of good lenders on this site. I would call a few (of course myself included) and get a feel for who could help you best.
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You guys might have missed the last line_he's waiting for 3.75% at 1 point. 3.75% is a nice round number but why not shoot for 2.5%, it's only slightly more ridiculous than 3.75%.
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Tommy, There are certain lenders on the wholesale side that are offering "specials" if you will for scores over 750 then again if you're over 800. These specials are in fee not in rate. For instance, if the incentive for a 805 score is .375% that is in fee not rate. So instead of paying 1 point (percent of your loan amount) for 4.75%