user641581's Advice

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user641581 wrote:

Why are HARP rates about 100 basis points > other loan rates?

Answer
Mr Branch: Credit score low 700's, LTV < 75%, no MI, loan amount approx. $120K, owner occupied. Fannie owns mtge. Also two rentals: 1) LTV 83%, PMI < $9/mth, loan $40K (FREDDIE) - Non - owner occupied                          2) LTV 41%, PMI < $11/mth, loan $50K  (FANNIE) - "                           "
April 20
(0)

Why are HARP rates about 100 basis points &gt; other loan rates?

Answer
On Zillow today:  SoCal... 4.125%, apr 4.168%  30yr. fixed  (conv)                          SoCal.. .4.875%,  apr 5.707% 30yr. fixed (HARP)
April 20
(0)
Getting a mortgage after buying investment property for cash?
Recently purchased single family home for cash (15k), estimated value 50k. would like mortgage for 40k. Excellent credit.
June 27 2013
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I have two rental properties with mortgages owned by Freddie and Fannie. Also, a residence with Fann

Answer
Refinance with HARP/FMRRP only once per property or once per individaul.
January 28 2013
(0)