Tony Grego's Discussions

It is not about rate. Last weeks rates were the lowest 30-yr fixed rates in 45 years. 3% does not bring out the buyers. Moves like today's FHA change and DPA announcement brings out the buyers. 3% just make gas $5 a gallon (means were in a big depression)

This will help many jumbo buyers be able to refinance and keep their homes. Great move for FHA. They just raised the credit calbier of the clients

This will help many jumbo buyers be able to refinance and keep their homes. Great move for FHA. They just raised the credit calbier of the clients

Check them out with the state. Do your homework and deal with someone you are comfortable with. With all of the changes happening everyday it may be wiser to go with a broker vs. the bank. With the bank you are processed by departments and with a broker you get some one on one relationship building that can understand your needs.Tony Grego - Indiana Mortgage Broker

Maybe ask the poster above talking about 3% (kidding). Rates should hold consistant to a slight rise as we go into the summer months. With so many fewer lenders doing business it is having a negative effect on rates.ThanksTony Grego - Indiana Mortgage Broker

As stated, 80/20 are just about done. It is a very bad loan. Find a way to get a FHA loan (became easier today with the rise in limits) and get it done that way. Stay away from 80/20Tony Grego - Indiana Mortgage Broker

Have no idea if you can afford it with the information listed. If you do not do anything else combine those two mortgages. Terms on the second will always be high and banks want out of them in the first place.Find a good broker in your area. If your in Indiana email me. Let the broker find out what your are looking for so they may present options.Good LuckTony Grego - Indiana Mortgage Broker

Rates are not far apart.How long are you going to stay in the home? What will your income be in 7 years? What will the market be in 7 years?There is a big reason why fixed and adj rates are so close and EVERYONE is suggesting to lock for 30. To much unkown going on.Tony Grego - Indiana Mortgage Broker

Ask the other 234 other lenders that have gone out of business since 4th qth of 2006

It will depend on the interview you have with the broker. I myself work with many real estate agents that I have spent years building and I am always looking to add more to the list. As for the sharing of information I hope that brokers are finally getting the message that we have a strict set of rules that we must follow or lose our license.In the end it may come down to a "gut" feeling. It may not be bad.Good LuckTony