Zillow Advice: Mortgage Rates - what rate should i expect 5% down http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ Zillow Advice | Zillow Real Estate I have not seen a GFE yet ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ I have not seen a GFE yet to see what the total closing costs would be though she has told me they would be under 5k total for <a href="http://www.zillow.com/mortgage-glossary/Title-Insurance/">title insurance</a> and all the other jaz. <br/><br/>This is a friend of my wife working it up and im wondering if shes just padding the deal for a fat commission? Sat, 07 Jan 2012 13:26:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T13:26:00Z i am putting down 15k&nbsp; ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ i am putting down 15k&nbsp; i have 25k&nbsp; i am saving around 4-5k a month right now so the longer it takes to close the higher the cash i will have.&nbsp; Plus february is bonus and tax return time for me.&nbsp; My Tax returns usually arent much but my bonus is likely to be pretty good this year.&nbsp; ,&nbsp; if i go <a href="http://www.zillow.com/fha-loan/">FHA</a> i will put down the 3.5%<br/>The property is over 3 times the size of my current place and did sell for 550k back in 2003.&nbsp; which is the reason for the retardedly high taxes.&nbsp; Unfortunately in my county they do not automatically lower the taxes in an arms length sale which this is.&nbsp; They only raise them,&nbsp; So i cant use the actual taxes after appeal.&nbsp; I have to qualify with the higher old taxes.&nbsp; <br/><br/> Sat, 07 Jan 2012 13:24:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T13:24:00Z $1000/mo for T &amp; I? ( ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ $1000/mo for T &amp; I? ( that is way out of scope for a $300K purchase ) Did the subject property sell for $700K-$750K in the last few years? How much bigger is this home compared to your current home, over double? A 3.875% rate on an <a href="http://www.zillow.com/fha-loan/">FHA</a> 30 year would be typical if you are getting a fat <a href="http://www.zillow.com/directory/lenders/">lender</a> credit. What is the adjusted <a href="http://www.zillow.com/mortgage-glossary/Origination/">origination</a> charge? After you put down 5%, what do you have liquid for reserves? Sat, 07 Jan 2012 13:16:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T13:16:00Z also my W2 base is 59500 ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ also my W2 base is 59500 and the average bonus over the last 2 years is roughly 4250<br/><br/>the 4 rental properties that are not on taxes rent for 800 800 675 and 675&nbsp; total taxes and insurance across those properties is roughly 500$ a month.<br/><br/><br/>my latest mid score is a 720&nbsp; the scores quoted for mom and dad below are mid scores as well&nbsp; Sat, 07 Jan 2012 12:18:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T12:18:00Z let me give all the details ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ let me give all the details because if that rate can be achieved then she must not have good options for selling the loan.<br/><br/>On my 2010 taxes i have rental income of roughly 7700 with depreciation of roughly 7000.&nbsp; 3 of the properties that are on my 2010 taxes were purchased late in 2010 and do not have 12 months of revenue on them.&nbsp; The 2 commercial <a href="http://www.zillow.com/mortgage-rates/">loans</a> were not in place during 2010 but are also not on my credit report.&nbsp; they are on the insurance dec pages of the properties i own.&nbsp;and i have since purchased 4 additional rental properties.&nbsp; She was allowing me to use 75% of the rent from those 4 additional properties.&nbsp; My credit score is 720 my cosigners credit score is my wifes parents, they own a fast food restaurant. The mom has a 790 the husband a 689. they have a 1040$ <a href="http://www.zillow.com/mortgage-rates/">mortgage</a> and no other debt. Each of them make 12k on a W2 and then roughly 30k on a schedule E LLC that is owned by the dad. total income is just over 50k for them&nbsp; they are married filing jointly. I have a lease for my current primary residence ready to go for 1500 and my 1st and 2nd mortgage payment are 1120 total. I am underwater on my primary home currently however.&nbsp; <br/><br/>I want to close this <a href="http://www.zillow.com/mortgage-rates/">loan</a> but the best option she has given me so far is a 3.875 fha with 277$ in MI&nbsp; and the property in question has roughly 1000 a month in taxes and insurance&nbsp; putting the payment well over 2700.&nbsp; The taxes can certainly be appealed and likely drop to around 500 a month but the starting payment makes me very nervous.&nbsp; The 2nd option she has offered is a 30 yr fixed at low 5% rate.&nbsp; that jacks the&nbsp; payment up there pretty good too. <br/><br/>I need to get this payment low low lower! Sat, 07 Jan 2012 12:17:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T12:17:00Z Great Score! Are you frm ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ Great Score! Are you frm the Twilight Zone?<br/>What we are seeing now is 3.5% to 3.75% for&nbsp;owners occupied and<br/>4.5% to 5% for income property.<br/>You could also pay upfront cost to buy down the rate. Sat, 07 Jan 2012 08:30:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T08:30:00Z I'm assuming those rates ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ I'm assuming those rates don't show the <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a> that is likely to be included since I'm only putting 5% down. Also. Are there any additions because I own so many properties Sat, 07 Jan 2012 01:33:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T01:33:00Z Hello,Have looked at rates ... http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ Hello,<br/><br/>Have looked at rates on <a href="http://www.zillow.com/mortgage-rates?request=ZR-KQPPCRH">Zillow Mortgage Marketplace</a>?&nbsp; You can shop for rates anonymously and compare.&nbsp; Click on the link, then on the left hand side change the information to your loan scenario.&nbsp; <br/><br/>Thank you,<br/>Candace<br/>Zillow Mortgage Support Sat, 07 Jan 2012 00:32:00 GMT http://www.zillow.com/advice-thread/what-rate-should-i-expect-5-down/427889/ 2012-01-07T00:32:00Z