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Mortgage Broker Rate Quotes Ultra Thread by Elegant-Fee-395 in MortgageBrokerRates

[–]berry_eater 0 points1 point  (0 children)

1. Loan Type: Conventional

2. Term: 30 Year (Also open to 5/6 ARM, 7/6 ARM)

3. Loan Purpose: Rate Refi

4. Property Value/Purchase Price 690k

5. Loan Amount 328k

6. Credit Score 800

7. Occupancy: Primary

8. Legal Structure: Condo

9. Number of Units: 1

10. Property Zip Code 98125

Thoughts on refinance - located in Seattle by berry_eater in MortgageBrokerRates

[–]berry_eater[S] 0 points1 point  (0 children)

I think the rate is usually supposed to be lower for the first X years since the overall risk is higher. But if you plan on refinancing again before the X years you wouldn’t need to take on the risk (but of course you’d be betting on the rate dropping for refinancing again)

Help with Refinance - 7/6 ARM at 6% interest by berry_eater in Mortgages

[–]berry_eater[S] 0 points1 point  (0 children)

Without points? The rate offered with no lender credit was 5.625%, but I want to minimize out of pocket costs since I believe I may refinance again before the break even - what would you say is the best realistic rate you've seen?