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Financing in North Andover : Real Estate Advice

  • All51
  • Local Info1
  • Home Buying19
  • Home Selling0
  • Market Conditions3

Activity 5
Thu Aug 25, 2011
George Raymondo answered:
You should consider these major two factors when shopping for a home loan regarding APR

1.) What is my interest rate?

2.) What are my lender fees?

My company has a policy to offer par pricing (which happens to be currently 4.250% for your scenario) and a flat fee for lender charges. We charge $1,590.00 which are etched in stone. That's how you should be looking at it. APR is a little misleading, as we have to list fees on our GFE and Truth in Lending that we really don't know for sure until close to the end. So APR can vary. You should shop rate and lender's fee on not APR.

Just a thought

Just my opinion
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Sat Aug 20, 2011
Ron Thomas answered:
Mon Jul 25, 2011
Pl provide additional loan info, 1) Is this conventional or FHA? 2) Single family residence or Condo? 3) FICO 740+ or less 4) LTV 75% or more 5) Is this Purchase, Refi or Cash out? 6) Rate lock period. The rates are as low as 3.5% without any points. Pl call us to learn more? Thanks. KJ ... more
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Sun Jul 24, 2011
Louis Wolfson answered:
Here is a mortgage calculator that may be of help
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Sun Jan 3, 2010
Ken Lambert answered:
Hello- I assume you're not looking to buy now? In a few months? Nobody can tell you what rates will be in a few months. The most you could lock in a mortgage rate is 90 days- and it will cost you plenty in fees to even do that.
I am local; we have an office in Danvers and many others in Massachusetts. If you'd like to talk more directly and get into some details, please let me know. We are a direct lender with our own in-house underwriting. We do FHA and VA as well. Thanks, and good luck,

Ken L.
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Financing in North Andover Zip Codes