NWR: Mortgages - Ladies who are currently in the process

gabbie83 Posted: Jul 10, 2008 02:30 PM

NWR: Mortgages - Ladies who are currently in the process

What apr are you getting?
We got 6.125 with 1 point. I know that interest rates went up but just wondering what everyone is getting (more or less)

TIA

wifetobe Posted: Jul 10, 2008 02:44 PM

Re: NWR: Mortgages - Ladies who are currently in the process

We closed in March at got 5.625%.. it was a few months ago though.

gabbie83 Posted: Jul 10, 2008 02:46 PM

Re: NWR: Mortgages - Ladies who are currently in the process

yeah i know we could have gotten that in nov/dec when we started looking at morgages

lizzie217 Posted: Jul 10, 2008 02:50 PM

Re: NWR: Mortgages - Ladies who are currently in the process

Posted by wifetobe

We closed in March at got 5.625%.. it was a few months ago though.

me too...rates have jumped like crazy unfort.

Miblove Posted: Jul 10, 2008 03:52 PM

Re: NWR: Mortgages - Ladies who are currently in the process

Posted by gabbie83

What apr are you getting?
We got 6.125 with 1 point. I know that interest rates went up but just wondering what everyone is getting (more or less)

TIA

Sounds okay, but I've heard of ppl getting 6% lately....

Future Mulligan Posted: Jul 10, 2008 03:55 PM

Re: NWR: Mortgages - Ladies who are currently in the process

i hope that the rates flucuate back down by the time we close on a house - im thinking we might close in the next few months if things go the right way with this house we are interested in....im hoping we could get something in the 5's

Mrs. V 2008 Posted: Jul 10, 2008 10:56 PM

Re: NWR: Mortgages - Ladies who are currently in the process

we closed in january and got 5.75

lawbizz11 Posted: Jul 10, 2008 11:10 PM

Re: NWR: Mortgages - Ladies who are currently in the process

my friend just refinanced a few weeks ago and got 6.2

babieblueeyez96 Posted: Jul 10, 2008 11:18 PM

Re: NWR: Mortgages - Ladies who are currently in the process

i just closed yesterday and shopped around A LOT and we could only get 6.375. FH and I have nearly perfect credit (both in the 700 and 800s) and there is nothing lower. According to the news and everything they are not supposed to drop anytime soon. The only thing you can check into is like Sallie Mae (spelling?) which can get you a lower rate. My friend just locked in at 5.75 with that. We were told FH and I make too much money to qualify which I TOTALLY do not feel like we do lol. I think you have to make less that 92,000 a year combined income or something like that. HTH.

alymikewedding08 Posted: Jul 10, 2008 11:53 PM

Re: NWR: Mortgages - Ladies who are currently in the process

we are closing tomorrow, and both fh and i have credit ratings in the 800s.. we got 6.25 with 1/2 a point. Unfortunately rates are much higher than a few months ago where we were offered 5.5.

klovess14 Posted: Jul 11, 2008 12:02 AM

Re: NWR: Mortgages - Ladies who are currently in the process

My FH and I are going to get pre-approved next month. How many of you found that you were able to afford a house. I'm a bit nervous. Our combined income is less than $100,000. He works for the post office so I'm hoping that will help. We aren't looking for a dream house but just a starter home.

NYCGirl2008 Posted: Jul 11, 2008 12:02 AM

Re: NWR: Mortgages - Ladies who are currently in the process

5.75 with 0.5 pt, closed in April. FH is a mortgage banker.

NYCGirl2008 Posted: Jul 11, 2008 12:03 AM

Re: NWR: Mortgages - Ladies who are currently in the process

Posted by alymikewedding08

we are closing tomorrow, and both fh and i have credit ratings in the 800s.. we got 6.25 with 1/2 a point. Unfortunately rates are much higher than a few months ago where we were offered 5.5.

Wow, I thought it only went up to 800, at least that is what the FH told me!

Good luck with the closing! Congrats!

Kricket212 Posted: Jul 11, 2008 08:51 AM

Re: NWR: Mortgages - Ladies who are currently in the process

Credit ratings go to about 850. My fiance is 810.
We closed in Jan-08 and got 6.12 FIXED. The rates had dropped at one point but we were already locked in. Ladies, The key is FIXED. Please make sure you all got fixed. The reason why so many are going into forclousre is the variable rate adjusts. I would also figure out what you can afford on your own. The mortgage people will approve you for more.
Many expenses you don't expect. We just got an oil deliver and it was $900- and that will only last 3 months. Go in with your eyes wide open.
We didn't qualify for Sallie mae either.

Mici n KC Posted: Jul 11, 2008 09:11 AM

Re: NWR: Mortgages - Ladies who are currently in the process

We got 5.75 fixed and no points. We closed last month.

gabbie83 Posted: Jul 11, 2008 09:15 AM

Re: NWR: Mortgages - Ladies who are currently in the process

yea we got a fixed rate - ayyy - i cant wait to be paying off OUR house :)

alymikewedding08 Posted: Jul 13, 2008 04:18 AM

Re: NWR: Mortgages - Ladies who are currently in the process

Posted by NYCGirl2008

Posted by alymikewedding08

we are closing tomorrow, and both fh and i have credit ratings in the 800s.. we got 6.25 with 1/2 a point. Unfortunately rates are much higher than a few months ago where we were offered 5.5.
Wow, I thought it only went up to 800, at least that is what the FH told me!

Good luck with the closing! Congrats!

I think they go up to 850

Thanks for the luck

roan126 Posted: Jul 13, 2008 09:48 AM

Re: NWR: Mortgages - Ladies who are currently in the process

We're hoping to lock in the next few weeks or so, as we will probably not close until Sept/Oct. They did go down a bit in the last week, hopefully the trend will continue.

femmes Posted: Jul 13, 2008 10:32 AM

Re: NWR: Mortgages - Ladies who are currently in the process

when we first started looking a few months ago the rate was 5.87, but by the time we went into contract we got a rate of 6.25%..so your definitely in the ballpark..good luck hunting!