Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though these loans have higher rates; they have lower payments.
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16 Responses to Today’s Mortgage Rates: Which home loan is best?
RHFLuzzi
November 25th, 2009 at 6:19 am
Ampedee, I’m a mortgage broker and banker. I used to work for one of the largest banks in the country and to be honest our fees and costs were so much higher than brokers. Large banks spend money on advertising and pay salaries.
2fuck2shit2
November 25th, 2009 at 6:47 am
What is the Key disfavors by Having Your Mortgage
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ampedee
November 25th, 2009 at 7:19 am
hoyl hell this guy is a good sales man, but being in the mortgage industry my sell i see right through alot of his bulshit. GETTING YOUR LOAN THROUGH A BROKER MEANS UR GOING TO PAY MORE IN FEES, BECAUSE THAT LOANS GOING TO JUST END UP AT ONE OF THE BIGGER BANKS IN THE LONG RUN ANWAYS…..
cant9562
November 25th, 2009 at 7:26 am
Hey Bank of America! You didn’t do squat for me and my husband. You promised the world but delivered nothing. So why don’t you get off this website and go do somethingproductive??? Like….get an education!
MrMortgage1
November 25th, 2009 at 7:36 am
mortgageartist. com
The best thing you can do is arm yourself with knowledge, even better if it’s free. a little time and a few clicks now could save you years and thousands of dollars later.
the choices you make today define your tommorow.
evanswanson
November 25th, 2009 at 7:41 am
very professional response b of a.
mortgagebrokerdave
November 25th, 2009 at 7:59 am
That is a great video, you break it down very well.
MrMortgage1
November 25th, 2009 at 8:50 am
lots of info here
MrMortgage1
November 25th, 2009 at 9:14 am
A good mortgage is like a work of art.
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Your path to the best free mortgage information resource around.
smmiller777
November 25th, 2009 at 9:20 am
I am a mortgage underwriter and PMI is for conentional loans only. FHA loans have MIP. This is not new. No, mortgage insurance is not required on a conventional loan when 20% is down. If less than 20% PMI is required. The 3% loan he speaks of is now 3.5% now in todays market is an FHA loan. Most folks that do not speak on that type of loan is not approved to do FHA loans. Not too many companies do 2nd liens any more. The lender is the best loan to do because the fees are less.
friedmanrc
November 25th, 2009 at 9:46 am
Mmmmm, that doesn’t make sence. I work for Bank of America, and the normal customer is required to put down 20% to not pay PMI. You don’t need to pay PMI, unless you have less than 20% equity in your home. Please talk to me if you have any other questions
friedmanrc
November 25th, 2009 at 9:55 am
I work for Bank of America. We do many different scenrios for our customers. I will always give many different product scenrios based on my customer’s information. You really don’t know what your talking about.
LtStarkiller
November 25th, 2009 at 10:52 am
You are now required to have a PMI on a FHA loan for it’s lifetime? Even with putting 20% down? When did this happen?
PAGENzx
November 25th, 2009 at 11:36 am
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mannyfeseha
November 25th, 2009 at 12:29 pm
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DrewDownsManagement
November 25th, 2009 at 12:30 pm
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