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  • Re: Lock now or continue to float......

    I would recommend following the rate watch rss feed here on Mortgage News Daily for up to date rate information. You can also follow my Twitter account which will receive all rate updates as well. You can have the updates sent directly to your email. This will help you make an informed decision. The...
    Posted to Mortgage Questions (Forum) by Rick Carrier on Wed, Apr 7 2010
  • Amortization Calculator help

    Hey there all, I have a $35,750.00 land loan, it is 6.5%/ 5 year with a 15 year amortization. Started Jun 25 2009, made 2 payments of $311.51 then on Aug 1st/16th began semi-monthly payments of $250 each. Where can I go to get a picture of future monthly amortization payments and balloon amount after...
    Posted to Mortgage Questions (Forum) by Michael Mc Cann on Wed, Sep 16 2009
  • Re: Mortgage - Refinace

    I would negotiate before closing a better deal with your builder. Based off of that rate they will be making 2-3% off of your loan amount so you’re probably still paying for your upgrades. If you decide to close with your builder I would recommend NOT refinancing after your closing because it would...
    Posted to General Mortgage Discussion (Forum) by Melvin List on Mon, Aug 3 2009
  • Interest Rate, MBS and TNotes?

    Guys, I am trying to understand the current changes in mortgage interest rate and its relation with MBS and T-Notes. I was reading different articles, what I got was: 1) Government is selling TNotes at high yield (because of high supply and less demand to attract buyers?), which is causing the banks...
    Posted to MBS Discussion (Forum) by Karan Tandon on Mon, Jun 22 2009
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