Zillow Advice RSS: Question-Discussion-Guide,Mortgage Rates,OR http://www.zillow.com/advice/OR/mortgage-mortgage-rates/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Is there something wrong with the mortgage rate request page http://www.zillow.com/advice-thread/Is-there-something-wrong-with-the-mortgage-rate-request-page/564551/ I am entering the same data I did two days ago, but I now get nothing back except "Retry your loan request. Results not what you expected? Check your loan request inputs and retry", whether I click update or start over. I am requesting rates for a cash back refinance with &lt; 50% LTV, &gt; $100k annual income, top credit score, no other debts, non-jumbo 30 year fixed loan and I'm logged in. I cannot believe Zillow has nothing to offer -- something must be broken.<br \><br \>5 replies Tue, 28 Oct 2014 05:25:00 GMT http://www.zillow.com/advice-thread/Is-there-something-wrong-with-the-mortgage-rate-request-page/564551/ 2014-10-28T05:25:00Z Lender says Buying down is not a good choice http://www.zillow.com/advice-thread/Lender-says-Buying-down-is-not-a-good-choice/561511/ So right now He can qualify me for 4.25% interest, but many others are at 4.125%. &nbsp;I asked about that and he said it would cost 2800 to buy down to 4.125% and it is free for 4.25%. &nbsp;He did not feel the cost was worth it. &nbsp;<br/>I don't know enough about this.. should I buy it down? &nbsp;I plan on staying in this house a long time, but I don't know about forever.&nbsp;<br/>&nbsp;<br \><br \>14 replies Fri, 03 Oct 2014 00:02:00 GMT http://www.zillow.com/advice-thread/Lender-says-Buying-down-is-not-a-good-choice/561511/ 2014-10-03T00:02:00Z Qualifying for 5% down home loan with student loan debt? http://www.zillow.com/advice-thread/Qualifying-for-5-down-home-loan-with-student-loan-debt/541510/ <p class="MsoNormal">We would&nbsp;like to buy our first home, but we live in an area with a shortage of single family homes. The area's major employer plans to add over 5,000 high-paying full-time jobs in the next 2 years. &nbsp;Local home prices have already increased about 15 - 20% in the past three years, and rents have skyrocketed.&nbsp;&nbsp;We expect the cost of housing to continue increasing. The owners of the house we are renting plan to sell in 1-2 years to finance their children's college educations. &nbsp;We know it will be difficult for us to find another at the same monthly rent as what we are currently paying. &nbsp;We have been renting for 12 years, and we are sick and tired of deadbeat landlords, having to move every 1-2 years, and increasing rent costs. &nbsp;The next time we move, we really want to buy our own home and stay there at least five years.&nbsp;Today, we would probably expect to pay between $300K and $350K for a starter home around here. &nbsp; We make $105K/yr, excluding bonuses. &nbsp;However, we also have 62K in grad school loans at 6.8%. &nbsp; We have no other debt. &nbsp;Our monthly DTI under the standard repayment plan is around 8%. &nbsp;Right now, we are actually putting about 10% of our monthly income toward student loan payments. We are also putting 12% into savings each month for a downpayment and closing costs on a house. &nbsp;Ideally, we would like to buy a house in another year and to also pay off our 10-year student loans within five years, but this will not be possible unless we can buy a home with a very low down-payment. &nbsp;Both our FICO credit scores fluctuate between about 760 and 810. &nbsp;Would it be possible for us to get a 5% down home loan on a $300K house in another year? Or, would the amount of student loan debt we have prevent us from qualifying?</p><br \><br \>4 replies Mon, 19 May 2014 19:46:00 GMT http://www.zillow.com/advice-thread/Qualifying-for-5-down-home-loan-with-student-loan-debt/541510/ 2014-05-19T19:46:00Z 90% LTV Jumbo ? http://www.zillow.com/advice-thread/90-LTV-Jumbo/506738/ $775k purchase price, 10% down, 760 beacon score, low debt to income ratio.&nbsp;<br/>Looking for best rate with lowest cost.&nbsp;<br/><br/>Other option is conventional $417k 1st, and fixed 2nd. But the fixed 2nd seems hard to come by...<br \><br \>8 replies Tue, 13 Aug 2013 23:52:00 GMT http://www.zillow.com/advice-thread/90-LTV-Jumbo/506738/ 2013-08-13T23:52:00Z what is 5/1 arm http://www.zillow.com/advice-thread/what-is-5-1-arm/369113/ 22 replies Thu, 07 Oct 2010 02:24:00 GMT http://www.zillow.com/advice-thread/what-is-5-1-arm/369113/ 2010-10-07T02:24:00Z What can I do to get more (or better) quotes for my loan request ZR-JNWZYRN? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-JNWZYRN/531133/ I have cash. &nbsp;But I am trying to decide whether to finance a very small percent of the purchase price, or about 70%.<br \><br \>1 reply Thu, 06 Mar 2014 06:19:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-JNWZYRN/531133/ 2014-03-06T06:19:00Z My wife had a foreclosure 3 years ago, other than that we have excellent credit. what kind of intere http://www.zillow.com/advice-thread/My-wife-had-a-foreclosure-3-years-ago-other-than-that-we-have-excellent-credit-what-kind-of-intere/507642/ 14 replies Mon, 19 Aug 2013 20:56:00 GMT http://www.zillow.com/advice-thread/My-wife-had-a-foreclosure-3-years-ago-other-than-that-we-have-excellent-credit-what-kind-of-intere/507642/ 2013-08-19T20:56:00Z Conventional With Less Than 20% Down 2 Years After Short Sale? http://www.zillow.com/advice-thread/Conventional-With-Less-Than-20-Down-2-Years-After-Short-Sale/525585/ Is it possible to get a conventional loan with less than 20% down 2 years after a short sale? Say, with 10% down? I am not interested in FHA because of the high insurance.<br/><br/>Our short sale did not fit FHA's definition of "economic events," according to several lenders I spoke to, but we did it to get a better job in another state with a lower cost of living. Staying at that old job would have probably led to eventual bankruptcy.<br/><br/>Currently my spouse &amp; I both have credit scores of 700, and expect the scores to continue to rise. My job is very secure and we plan on staying in this town permanently. We won't be 2 years out from the short sale for a few month yet. But we're trying to think ahead about what might be possible.<br/><br/>Thanks for any input.<br \><br \>7 replies Thu, 23 Jan 2014 18:27:00 GMT http://www.zillow.com/advice-thread/Conventional-With-Less-Than-20-Down-2-Years-After-Short-Sale/525585/ 2014-01-23T18:27:00Z What are homeopath rates vs regular mortgage rates. 735 credit score and buying investment prop http://www.zillow.com/advice-thread/What-are-homeopath-rates-vs-regular-mortgage-rates-735-credit-score-and-buying-investment-prop/462860/ <br/>Got a 735 credit score, looking in Oregon, like the concept of 10% down as it lets me get more cheap leverage, but question is how much more expensive is the leverage as I could buy traditional/less leverage/better rates. &nbsp;Looking at investing $50-100k in equity into new property.&nbsp;<br \><br \>4 replies Fri, 05 Oct 2012 21:59:00 GMT http://www.zillow.com/advice-thread/What-are-homeopath-rates-vs-regular-mortgage-rates-735-credit-score-and-buying-investment-prop/462860/ 2012-10-05T21:59:00Z %APR and closing cost difference for a detached house vs condo (Portland, OR) ? http://www.zillow.com/advice-thread/APR-and-closing-cost-difference-for-a-detached-house-vs-condo-Portland-OR/491534/ Hi,<br/><br/>We are trying to figure out the difference in mortgages for a condo vs a house (with less than 25% down). One lender told us that the condo will cost more either 0.75% of the purchase price in closing costs OR an increase of 0.25% in APR.<br/><br/>The second lender is saying that it'll depend on the "risk level" of the condo and we can get a better&nbsp;estimate&nbsp;once we send in the condo address.&nbsp;<br/><br/>Then we learned about Fannie Mae guidelines for condo mortgages in terms of extra risk and thus extra fees or APR increase.... This is in line with what the first lender told us.&nbsp;<br/><br/>We got confused since the first lender seemed to be pretty rigid about what the cost difference will be. The second lender seems to be more vague about it. I have a feeling that with the second lender, there is a more possibility of higher fees coming in at the last minute. <br/><br/>Will be a lender (a big bank in this case) knowing that one wants to (desperately) close on a house/condo, maximize the fees and increase the APR rates at the last minute? Let's say, if they can offer 3.5% rate, can they legally bump that up to 3.75% to maximize their profits?&nbsp;<br/><br/>Thanks.&nbsp;<br/><br/><br/><br/><br/><br/>&nbsp;<br/><br/><br/><br/><br/><br/><br/>&nbsp;<br \><br \>3 replies Thu, 09 May 2013 18:24:00 GMT http://www.zillow.com/advice-thread/APR-and-closing-cost-difference-for-a-detached-house-vs-condo-Portland-OR/491534/ 2013-05-09T18:24:00Z What can I do to get more (or better) quotes for my loan request ZR-YHQRPSR? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-YHQRPSR/479239/ Hi there,<br/><br/>I'm currently renting in Portland, OR and recognize mortgage rates are low enough at this point in time that it might make sense to consider purchasing a condo instead of continuing to spend money on rent. &nbsp;*FYI: In 2009 I was laid off from my job and at the same time was enduring a medical drama which ultimately forced my home into foreclosure in addition to C7 bankruptcy (discharged Feb 2011).*<br/><br/>Things have since improved greatly for me. &nbsp;I have a stable job (2 yrs this coming July) where I make $80k/yr plus a 5% annual cash bonus. &nbsp;Currently I have student loans with payments of $125/mo, a car payment of $525, and three credit cards (one used for business travel and the others for personal use) all of which I pay in full monthly. &nbsp;(One secured $700 CL, two unsecured $300/$1500; all obtained post-BK).<br/><br/>I don't have much saved for a down payment at this point - about $5k, but can continue to work on that. &nbsp;What I'm trying to figure out is whether I should consider trying to purchase soon (July 2013 my lease is up). &nbsp;Or, if you think I should go ahead and sign a lease extension and wait on the idea of buying.<br/><br/>Thanks in advance!<br/><br/><br/><br/><br \><br \>5 replies Tue, 19 Feb 2013 07:23:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-YHQRPSR/479239/ 2013-02-19T07:23:00Z Lock, float, or wait? http://www.zillow.com/advice-thread/Lock-float-or-wait/374339/ We were quoted a rate of 2.75% for a 5/1 arm with $1300 in closing costs. We are trying to decide if we should lock, float, or wait a few months. We currently have a 5/1 at 3.75%. <br/><br/>What do you think rates are going to do over the next few months?<br \><br \>23 replies Tue, 09 Nov 2010 18:07:00 GMT http://www.zillow.com/advice-thread/Lock-float-or-wait/374339/ 2010-11-09T18:07:00Z Retiring in 5 years - what's the best loan type for me on rental property? http://www.zillow.com/advice-thread/Retiring-in-5-years-what%27s-the-best-loan-type-for-me-on-rental-property/373302/ I'm planning to retire in 5 years and then live on limited social security income.&nbsp; <br/><br/>I'm buying a 2-unit rental property for $105k, with 25% down.&nbsp; I'll live in one of the rental units upon retiring.&nbsp; I have a 780+ FICO, $60k income from a long term job, no other debt.<br/><br/>What's the best type of loan for me?<br/><br/>Thanks!<br \><br \>15 replies Mon, 01 Nov 2010 04:40:00 GMT http://www.zillow.com/advice-thread/Retiring-in-5-years-what%27s-the-best-loan-type-for-me-on-rental-property/373302/ 2010-11-01T04:40:00Z Could we refinance for a lower interest rate on our mortgage without having to pay large fees? http://www.zillow.com/advice-thread/Could-we-refinance-for-a-lower-interest-rate-on-our-mortgage-without-having-to-pay-large-fees/362432/ My husband and I bought our house almost a year ago in September of 2009. &nbsp;Our interest rate is 5.375. &nbsp;Would it be possible for us to refinance to get a lower interest rate without having to pay large fees??? &nbsp;We have an FHA loan.<br \><br \>4 replies Mon, 16 Aug 2010 22:33:00 GMT http://www.zillow.com/advice-thread/Could-we-refinance-for-a-lower-interest-rate-on-our-mortgage-without-having-to-pay-large-fees/362432/ 2010-08-16T22:33:00Z Is 2nd Home loan with 10% down in Bend, OR possible? http://www.zillow.com/advice-thread/Is-2nd-Home-loan-with-10-down-in-Bend-OR-possible/315340/ I am trying to purchase a 2nd home for rental investment in Oregon. I was told that currently for all investment property (since its rental), at least 20% needs to be down payment. I was wondering if i could do with a less down? credit excellent and able to show income.<br \><br \>5 replies Sat, 16 Jan 2010 08:52:00 GMT http://www.zillow.com/advice-thread/Is-2nd-Home-loan-with-10-down-in-Bend-OR-possible/315340/ 2010-01-16T08:52:00Z Could you update the previous quotes for today's rates? Thanks http://www.zillow.com/advice-thread/Could-you-update-the-previous-quotes-for-today%27s-rates-Thanks/312335/ 1 reply Wed, 06 Jan 2010 21:06:00 GMT http://www.zillow.com/advice-thread/Could-you-update-the-previous-quotes-for-today%27s-rates-Thanks/312335/ 2010-01-06T21:06:00Z