my credit score is 725, this is my 2nd mortgage. what rates am i looking at?? by robertsawyer092108 from Melbourne, Florida. Apr 20th 2015
Hi Robert you are looking at a 4.875% fixed for 30 years,15 years fixed 4.275
Is this a purchase mortgage? How much will the actual loan be? Single family home? More details allow me to look at other options.
No loan officer with any integrity would ever quote a rate without knowing all the details. Not only is it unethical, but in most cases, if it's not quoted properly, it's illegal, and any loan officer who does quote you is probably someone you should avoid using.. you would only be setting yourself up for disappointment.. Credit, credit score, income, debt, debt to income ratio's, derogatory credit, loan amount, property type, loan to value, etc.. so much info is necessary to determine what the rate is that it's impossible to quote without looking at the complete loan scenario.. Let me say this.. rates are low.. really low, so if your thinking about buying or refinancing, you should do it now.. and to start, you should contact a local mortgage broker.. apply with them and let them give you exact numbers rather than a guess.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
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