Buyersandsellersca's Q&A

House needs carpet and paint. If youre interested in viewing the home call me at 951-704-4171 or if youd like to see more properties like this let me know.ThanksGilbert RamosRJF Realtors

Are you prequalified

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Absolutely you should refinance your home. Right now 30 year fixed mortgage rates are at an incredible low of 5% with zero points.Good Luck[content removed by moderator for being self promotional]

its embarrasing to see that there is a loan officer advising a buyer to take an adjustable rate in a market that is forecasting further declines in home values. Robo if you want to stay in your home stick with a 30 year fixed.

FHA All the way

Hello Temecula1,I went on the mls to check out the home you were asking about on Vine and unfortunately that home is not listed for sale. the only home on that street that is currently active for sale is this one which is a short sale: 32916 Vine street. If you'd like a link to this property email me at rehomegallery@gmail.comIf youd like to view more temecula homes go to www.buyersandsellersca.comGood Luck.

depends on if your lender is greedy. for example, if he is charging more than 1 point and you have excellent credit and the rate is over 5.5% then you are getting screwed. a 30 year fixed rate paying 1 point should land you a 5% interest rate. Remember that if the costs exceed the seller credit, you will have to pay the difference.Remember, 1point is equivalent to 1% of the loan amount example: 1% of 100,000.00 is a cost of 1,000.00If you have just started your escrow call me for a free good faith estimate.Good Luck[content removed by moderator for being self promotional]

Good Morning Worldhawk,The most popular loan program used by teachers would be the calpers program, but what Ive been hearing is that the banks that support this program have many price adjustments which make the interest rate and costs not competitive. If you are looking for a low down payment loan along with a great interest rate, I would recommend that you aply for an FHA loan. This loan only requires 3% down, and the interest rate for fha is around 5.25% for a 30 year term(as of today rates). Also you may use a gift from a relative as down payment if needed, and FHA does not require that you have at least 3 months reserves. If you are not working with anyone at this time, feel free to call me direct,my office is approved to do FHA loans and we can also help you find a home.Good Luck!Gilbert RamosRJF Realtors29995 Technology Dr Suite 307 Murrieta,CA 92563(951) 551-0215 DirectView Thousands of homes at www.buyersandsellersca.comrehomegallery@gmail.com

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