Moving to TX - anyone a mortgage broker?

[joel]

Well, the wife and I have found a house down here in TX - Arlington, to be exact. Any of you guys mortgage brokers that want to hook up a fellow CTDer with a good mortgage deal? You can either PM me here or email me at -- email address removed -- (my on the road email). I'll be heading back to WA in a couple of days and here in TX in the meantime finishing up details (inspections, warrantee selection, etc). Thanks!

 

[Okie-Go]

My next door neighbor is a real estate agent. Prolly couldn't help you much up in Arlington.

 

[Barry]

Two of my runn'n buds are mortage brokers. I got them fighting over my biz the other day and ended up with a 7% for 15 years. Call me and I will give you both of their numbers. PS: They are fast! Toll Free 1 888 279 9168... ... . Barry

 

[joel]

With friends like that, who needs enemies?

Barry -



I think I'll not call your "buddies" - just a cursory check on rates shows me a 15 year conforming (under 300K) is 6. 25% with one point (total) [Wells Fargo]. With some wheeling and dealing, you could probably get it for closer to half a point total. Sorry to be the one to tell you.



I also looked at interest.com, put in 15 years fixed in TX for a conforming loan and came up with rates as low as 5. 875 with closing costs of $975. Again, 7%?? If you haven't closed yet, tell them you're no dummy and you want a better - MUCH better deal.



Remember, buddy is only half a word... .



joel

 

[Barry]

I just love people who get all their excercise jumping to conclusions. It was a NINA loan by the way. Sorry to bother you with my post. You might want to consider staying where you are. Folks in Texas don't really like being told they have been swindled by someone they were just trying to help.

 

[dresslered]

Though I have always used a "real" broker, I do like to compare the rates that I am getting to those listed at www.eloan.com. If your broker can at least match these, you're probably doing alright.

 

[bighammer]

Try homeboundmortgage.com/ Their last posted rate for a 15 year is 5. 875% with a . 125 point



Oo.

 

[joel]

all the facts....

Barry -



First, I have no idea what a NINA loan is. Second, based on your post, I was trying to return the favor. If your loan was a special circumstance loan, you should have mentioned it in your post. All you said was you got a 15 year for 7%. Period. That, by itself, is a pretty crappy rate right now. If you had added that you got that rate for a special loan type or circumstance where the normal rate is 8 or so, then it shows that your buddies really did help you out and that would be a good indication for me to give them a call.



I appreciate your trying to help. As I said, I was trying to be helpful also; I've seen friends taken advantage by people they thought were friends in sales positions.



As for staying where I am, not an option. I'll be there in August, like it or not, and I will continue to be myself - even if that means calling a turd a turd.

 

[JConley]

Looks like you are getting here right just in time for the 100 degree weather. Your first summer here will be the worst. And then we have these things called Tornados. Have you learned about the fire ants yet??

 

[me4osu]

Originally posted by JConley

Looks like you are getting here right just in time for the 100 degree weather. Your first summer here will be the worst. And then we have these things called Tornados. Have you learned about the fire ants yet??

Dallas frequently gets pelted with large hail also. Go to Houston or Corpus for a weekend if you want to see heat + high humidity.



I just refinanced my place. What makes the difference in a 15 year note rate is whether it is fixed or renewable. I'm no loan expert, but I think a "conforming" note is similar to a renewable, and they come at you with a real low rate and low closing. They are gambling that they will really ding you down the road when you renew at a higher rate.



Whatever your decision, do it quickly. Now that the economy is turning down, I think Greenspan will poke his head out and raise rates soon.