David Nezri's Discussions

Sounds like a good idea. They should know what's going on the market.

Let me explain, once you have a full application you can lock a rate. With a purcahse some like to see the contract of sale. I'm a Direct Lender, no lenders require an appraisal to lock on a purchase - which is in your case.  If it's a refinance I understand in today's market you would want to have the appraisal to see if the value is there. You can call the appraiser to do a comp search to see if the value is there. If not I would wait for the appraisal to come in. Some brokers do that so they can raise the rate later on. They know that once you've paid $350 for an appraisal the client will stop shopping.

I wonder what the rates will be with these lenders if you do have credit here in the U.S.A ?????

5.625% on Conforming Jumbo...? Well I guess he means on a 15 year fixed he saw he is putting $15,000 down. He saw the # 15 & started quoting.........

Submit your scenario on Zillow. You should get a couple of quotes from different lenders to give you an idea.Good Luck

Funny!

Now they hear the Feds cut the rate by half a point. Everyone is going to call and ask for half a point less what you quote them.........They simply dont understand RATE RATE RATE.........

You shouldn't have a problem renting it out. If you apply for a mortgage for a new primary you will have to show proof of your rental income. They will use 75% of the rental income.

If you want to go with Wells Fargo it has to be locked by Nov 15th. Chase is also currently doing conforming jumbo loans.

You won't get a better rate if you refinance now in this market.