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Answers (2)
- Margaret Hickman, GRI/ABR/SRS, "kittenonkeys"
- Contributions:596
Good answer from sunnyview. The total is a projected mortgage payment. However, as interest rates vary from day to day, the number will not be exact. If you will consult your lender, you will be given a price range based on your credit rating and debt to income ratio. Once you find a property and get it under contract, your interest rate will be locked for thirty to forty-five days or so until the loan is processed and closed. You will be given a good faith estimate of all your closing costs as well. Happy house hunting!
- sunnyview
- Contributions:25139
Great to see a new face :) Those payment numbers are generated based on a standard set of numbers that are plugged into a mortgage caluculator. I think they assume 20% down at the lowest going 30 year mortgage rate with good credit. Tou could pay more of less depending on your credit, rate when you buy and your down payment amount.
The houses for sale on Zillow aren't rent to own unless they say so in the listing. They are a few of rent to own, but not a lot. Hope the info helps.
The houses for sale on Zillow aren't rent to own unless they say so in the listing. They are a few of rent to own, but not a lot. Hope the info helps.
i have a quick question
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