Author Topic: How low can we go? 30 yr fixed at 3.75% with no fees...  (Read 708187 times)

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Offline irvinehomeshopper

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #45 on: February 02, 2012, 12:06:58 PM »
Should the rental parity of your new castle be in the range of $50,000/month?
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Offline IndieDev

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #46 on: February 02, 2012, 12:17:14 PM »
Does that include pool privileges? Seems a bit low too me if that's included.
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Offline irvinehomeshopper

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #47 on: February 02, 2012, 12:27:51 PM »
I totally agree the exclusivity of the pool should be an extra. The hammock between the 2 trees I think you should throw in as a constellation incentive. I hope you don't charge me extra for the Catalina view because you begin to sound like the local developer who nickel and dime the heck out of renters and home buyers. I think I just broke the cardinal rule by using the word rent or should I say lease. Because rent is for the lower class rip raffs while you and I are much higher class than the population living east of the 405.

BTW Johns Creek is also considered east of the 405.
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Offline IndieDev

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #48 on: February 02, 2012, 12:53:30 PM »
We should make a special exception for John's Creek.
"You are just a whining loser here hoping that Irvine house price can be 50% off so that you can afford a house here." - NonFCB
"690k... 20% down 4.25 int rate .36 dti and you need a salary of $ 90,500" - VillagePeople
"People are paying for something else, and labeling it "good schools". - PatStar

Offline irvinehomeshopper

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #49 on: February 02, 2012, 01:22:04 PM »
Yes, John's Creek is nice and the homes there compared to wasteland east of the 405 deserve a higher level of recognition.
"I can only imagine at a house warming party what a total embarrassment it would be to tell the guests that there is no tour because there is no more house to show you because you are standing in the only room in the house. "

Offline Panda

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #50 on: February 02, 2012, 01:31:18 PM »
Hey are you guys making fun of me? It is johns creek without the '
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Offline irvinehomeshopper

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #51 on: February 02, 2012, 01:42:26 PM »
I was right the first time. The weather is just the same like irvine but how about your neighbors? Are they super nice just like irvine being friendly, talkative, out going and super nice.
"I can only imagine at a house warming party what a total embarrassment it would be to tell the guests that there is no tour because there is no more house to show you because you are standing in the only room in the house. "

Offline rkp

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #52 on: February 02, 2012, 01:58:49 PM »
IHS -  Johns Creek doesnt have the Asian density of Irvine yet.  They are more like this right now:  http://www.southparkstudios.com/clips/387860/little-tokyo

Offline IndieDev

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #53 on: February 02, 2012, 02:34:15 PM »
IHS -  Johns Creek doesnt have the Asian density of Irvine yet.  They are more like this right now:  http://www.southparkstudios.com/clips/387860/little-tokyo

Nice.  :D
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Offline freedomcm

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #54 on: February 02, 2012, 09:35:56 PM »
Not to turn the conversation away from the wonders of rental parity in various locales, but:

Is 75%, not 80%, really the new black (i.e. needed for the best rates)?  is that for refi's, or purchase monies too?


Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #55 on: February 02, 2012, 10:23:25 PM »
Not to turn the conversation away from the wonders of rental parity in various locales, but:

Is 75%, not 80%, really the new black (i.e. needed for the best rates)?  is that for refi's, or purchase monies too?


For detached SFRs, you get hit it a .25% fee if put less than 25% down.  You get hit with that same fee plus a .75% fee if you put less than 25% on a condo.  I believe this covers both purchase money loans and refi's, but I'll let SPIG confirm.
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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #56 on: February 03, 2012, 10:22:57 AM »
SPIG - Spider Pig? D'oh!

25% down is the breaking point for most Fannie / Freddie Loan Level Price Adjustment hits. Yes, although you've got a 850 FICO score and 20% equity, the Agencies will increase your fees by .25 for having a FICO over 740. Counterintuitive, but what do you expect from this bunch!

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Offline irvinehomeowner

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #57 on: February 03, 2012, 10:33:43 AM »
So how easy is it to refi with Provident?

I've been getting calls from my current lender (Wells) to refi (we just refi'ed last at the end of 2010) and I'm wondering if it's easier to go with my current lender or switching.
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Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #58 on: February 03, 2012, 11:15:35 AM »
So how easy is it to refi with Provident?

I've been getting calls from my current lender (Wells) to refi (we just refi'ed last at the end of 2010) and I'm wondering if it's easier to go with my current lender or switching.
From what my buyers told me, Provident is one of the most conservative and strict lenders out there.  That being said, they have one of the best rates out there.  If you are a W-2ed person with a high credit score and nothing crazy going on with your tax returns, it should be no problem with them.  Big bank interest rates aren't the best (Wells, BofA, Chase, etc).
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Offline USCTrojanCPA

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Re: How low can we go? 30 yr fixed at 3.75% with no fees...
« Reply #59 on: February 03, 2012, 11:16:12 AM »
SPIG - Spider Pig? D'oh!

25% down is the breaking point for most Fannie / Freddie Loan Level Price Adjustment hits. Yes, although you've got a 850 FICO score and 20% equity, the Agencies will increase your fees by .25 for having a FICO over 740. Counterintuitive, but what do you expect from this bunch!

My .02c

SGIP
Opps, fat finger post. 
Martin Mania, CPA
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Often imitated....Never duplicated!
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