why 15-fixed. that's not the best option for investment property. also you should mention your loan amount and house price. rate varies and fee varies. 4k seems a bit too high. for a cheap house (but normally not in CA) you may get 3% with 0.65- 0.75 point buy down, and ~$1k fee, plus appraisal.
why 15-fixed. that's not the best option for investment property. also you should mention your loan amount and house price. rate varies and fee varies. 4k seems a bit too high. for a cheap house (but normally not in CA) you may get 3% with 0.65- 0.75 point buy down, and ~$1k fee, plus appraisal. anye 发表于 2020-11-14 20:11
谢谢mm! 房子value ~620k, loan 310k, 想做noo point no fee的refi, 这样方便比较, 而且万一之后利率再降可以再refi 之前网上查15年利率比30年更低, 不过现在两个都挺低, 考虑到通货膨胀30年好像也不错
谢谢mm! 房子value ~620k, loan 310k, 想做noo point no fee的refi, 这样方便比较, 而且万一之后利率再降可以再refi 之前网上查15年利率比30年更低, 不过现在两个都挺低, 考虑到通货膨胀30年好像也不错 littilefive02 发表于 2020-11-14 20:33
I think you have to change your mindset. Don't look for no point no fee ones. Just pay the following fees and see what the agent has to offer. for good credit (780) you should be able to get 3.375% (a month ago, now I'm not sure). commission: usually 1000 to 1200 appraisal: usually 650-750 point: if you don't plan to refinance later, it's actually good to pay another 0.65 point for a 0.375% lower rate. you will break even in 3-4 years normally.
I think you have to change your mindset. Don't look for no point no fee ones. Just pay the following fees and see what the agent has to offer. for good credit (780) you should be able to get 3.375% (a month ago, now I'm not sure). commission: usually 1000 to 1200 appraisal: usually 650-750 point: if you don't plan to refinance later, it's actually good to pay another 0.65 point for a 0.375% lower rate. you will break even in 3-4 years normally. anye 发表于 2020-11-15 01:53
btw, why pay 50% down?? try 25%. you have to max your leverage. don't pay attention to "positive cash flow". that's bogus since you throw away 25% extra cash for almost no return (imagine you only need to pay 3% cost if you borrow it instead).
btw, why pay 50% down?? try 25%. you have to max your leverage. don't pay attention to "positive cash flow". that's bogus since you throw away 25% extra cash for almost no return (imagine you only need to pay 3% cost if you borrow it instead). anye 发表于 2020-11-15 01:56
rate varies and fee varies. 4k seems a bit too high. for a cheap house (but normally not in CA) you may get 3% with 0.65- 0.75 point buy down, and ~$1k fee, plus appraisal.
谢谢mm, 私信你了
谢谢mm! 房子value ~620k, loan 310k, 想做noo point no fee的refi, 这样方便比较, 而且万一之后利率再降可以再refi 之前网上查15年利率比30年更低, 不过现在两个都挺低, 考虑到通货膨胀30年好像也不错
这样啊，谢谢mm
I think you have to change your mindset. Don't look for no point no fee ones. Just pay the following fees and see what the agent has to offer. for good credit (780) you should be able to get 3.375% (a month ago, now I'm not sure).
commission: usually 1000 to 1200 appraisal: usually 650-750 point: if you don't plan to refinance later, it's actually good to pay another 0.65 point for a 0.375% lower rate. you will break even in 3-4 years normally.
btw, why pay 50% down?? try 25%. you have to max your leverage. don't pay attention to "positive cash flow". that's bogus since you throw away 25% extra cash for almost no return (imagine you only need to pay 3% cost if you borrow it instead).
谢谢mm的热心回复! 50%down是mortage付了几年到现在的状态 mm说的25%down是指cash-out refi么? 这个倒从来沒想过... 主要钱拿出来也不知道还有啥更好的投资途径