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Financing in 60304 : Real Estate Advice

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Activity 6
Fri Jan 27, 2012
Gregorio Denny answered:
You can get a conventional loan without PMI with 20% down as mentioned. To say you can get a conventional loan with 10% down and no PMI is misleading because it's not true. You will always have PMI, it's just a matter of how you pay for it. By taking a .25% higher rate and/or paying points to get rid of it is still paying PMI, you are simply either prepaying it or financing it into the rate. It's still there. Even a HomePath mortgage with no PMI carries a higher rate to account for that. ... more
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Wed Jan 25, 2012
blwegrzyn asked:
I currently have a loan in amount of 161,000. I leave in Oak Park, IL. Last time when the appraisal was done the value was estimated to be 150,000 and I had second mortgage so I could…
0 votes 0 Answers Share Flag
Wed Nov 3, 2010
blwegrzyn asked:
I have a student loan for 28000 with 6.550%
Those are Subsidized Student Loan and Unsubsidized Student Loan consolidated loans
Does anyone know if it is possible to somehow lower those…
0 votes 0 Answers Share Flag
Sun Jul 18, 2010
Michael Cline answered:
Hey Bankerdoug,

Just in case you hadn't noticed... this thread is 15 months old. I doubt anyone is reading this anymore.

Michael Cline
0 votes 6 answers Share Flag
Sun Jul 18, 2010
Douglas Katz answered:
I echo Michael's answer. It should be about trust and service. If the lender is receptive to your needs and ensures that you understand everything, that is usually a good sign. I always advise against purely playing the rate game and you are setting yourself up for a bait-and-switch. I wrote and artical about this at the link below. ... more
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Sun Jul 18, 2010
Douglas Katz answered:
Rate for 6 mo LIBOR last week was 0.73%
Add your margin of 2.25%
Rate would be 2.98%
1 vote 2 answers Share Flag
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