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Is there a typical increase in interest rate for 5% vs 10% down loan, credit scores>800?

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September 01 2009 - US
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Answers (5)

Profile picture for Joe Cafiero
Where are you located...
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September 01 2009
Profile picture for lakedrm
Thanks for all of the replies. 

The maket list pricing is fairly stable....but like many areas of US, not much is selling.  So, it would be hard to know if prices are off by 5% or so. 
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September 01 2009
Profile picture for SunTrust
you don't start to see rate increases due to score or LTV until the credit score falls below 740 with the exception of cash out refinances where you'll start to see bumps on scores 740 and above when the LTV exceeds 60%.
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September 01 2009
Profile picture for Christopher Jones
There shouldn't be any difference in rate from 95% to 90% at an 800 score.
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September 01 2009
Profile picture for Joe Cafiero
With those scores there should not be an increase in the rate.  However watch out for declinign markets. There are areas that MI companies will not touch at a 95% LTV no matter what you credit score is.
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September 01 2009
 

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