Posted on: 28th Feb, 2010 07:04 am
I'm buying an apt in a condo (conversion) with less then 50% owner occupancy.
Looking online I can see conforming mortgages with APR as low as 4.5 but for my situation the minumum APR I can find is around 5.9, regardless my 780 score and the fact that I want to put more than 20% in the down payment.
I can't believe I can't find anything better than this.
Anyone able to help me?
Thanks
Looking online I can see conforming mortgages with APR as low as 4.5 but for my situation the minumum APR I can find is around 5.9, regardless my 780 score and the fact that I want to put more than 20% in the down payment.
I can't believe I can't find anything better than this.
Anyone able to help me?
Thanks
Stop being a penny pinching pain in the butt, 5.9% is an awesome rate at a time where nobody wants to loan money on a conversion of all things!!
Listen Einstien, if have not noticed we are in a mortgage melt down due to your beloved pres. Obama.
Second, your are buying an apartment (toxic) conversion! No matter how much lipstick you put on that pig,,,it's still a pig! And I'll bet your loan amount is so low that the TAX DEDUCTIBLE rates hardly even changes your payment anyway.
Do yourseld a favor and buy a townhome that will accually appreciate in the future...and be happy rates are under 8%
Listen Einstien, if have not noticed we are in a mortgage melt down due to your beloved pres. Obama.
Second, your are buying an apartment (toxic) conversion! No matter how much lipstick you put on that pig,,,it's still a pig! And I'll bet your loan amount is so low that the TAX DEDUCTIBLE rates hardly even changes your payment anyway.
Do yourseld a favor and buy a townhome that will accually appreciate in the future...and be happy rates are under 8%
you have no elements to make calls like these. As a matter of fact, as far as I can understand them, they are all wrong.
And yes smartie, my monthly rate would change more than 250$, and I'd feel a little of that pain you mentioned
And yes smartie, my monthly rate would change more than 250$, and I'd feel a little of that pain you mentioned
Ouch! Someone woke up on the wrong side of the bed. In many ways, Bibi is correct. 5.9% is a great interest rate especially on a conversion but, you could possible find a better offer. Are there more contracts pending on the conversion?
Hi Theo... well .. that someone could me... finding out that basically, what I though I bought for a price... suddenly became 15% more expensive...
With the conversion they are doing a very good job... is one of the few condos with a "caracter" in this area.. great location too... the inspection went well...
The sold 1 unit out of 10...I'd be the second... don't know about other pending contracts...
Thanks
With the conversion they are doing a very good job... is one of the few condos with a "caracter" in this area.. great location too... the inspection went well...
The sold 1 unit out of 10...I'd be the second... don't know about other pending contracts...
Thanks
I think the issue is that you would only be the 2nd out of 10 sold so far.
thanks all. I found a 5.15 APR on 30 years fixed
That is great. Let me know which bank is allowing the loan with few units sold.