FAO People in the Finance/Mortgage Industry

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  • FM
    Wooooooo!
    • Jun 2004
    • 5361

    #16
    Re: FAO People in the Finance/Mortgage Industry

    could they drop a bit? who knows; right now they're around a 4-year low (gee when many started to refi on those paper houses they bought )

    5.2ish was the better/historical low in '03
    FM

    "Nowadays everyone is a fucking DJ." - Jack Dangers

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    • Life on Other Planets AKA Johns
      Are you Kidding me??
      • Oct 2005
      • 3087

      #17
      Re: FAO People in the Finance/Mortgage Industry

      Originally posted by Jenks
      i have a 30yr @ 5.25%, and i don't see anything out there beating that at the moment, but i've wondered with rates dropping like flies.
      What u have locked in your rate @5.25 for the whole 30 years??

      Comment

      • Jenks
        I'm kind of a big deal.
        • Jun 2004
        • 10250

        #18
        Re: FAO People in the Finance/Mortgage Industry

        ^yes. i own a loft in downtown st. louis. technically when i bought it we were in a "blighted" area, even though downtown st. louis has been going through a revival of sorts the past 8 years with massive renovations and people moving back into the city. A lot of the buildings have been tax abated for 10 years and banks were packaging attractive programs with that to get people to move back into the city. We took advantage of a program available through national city where they would buy down a percent if you bought downtown, hence, 30yr@5.25%.

        Comment

        • Kamal
          Administrator
          • May 2002
          • 28835

          #19
          Re: FAO People in the Finance/Mortgage Industry

          What about car loans ? those bitches haven't moved. I just bought a car and the best I could get was a 5.5% (got a Certified Pre-Owned).

          Any ideas if the recent rate cut will affect cat loan rates?
          www.mjwebhosting.com

          Jib says:
          he isnt worth the water that splashes up into your asshole while you're shitting
          Originally posted by ace_dl
          Guys and Gals, I have to hurry/leaving for short-term vacations.
          I won't be back until next Tuesday, so if Get Carter is the correct answer, I would appreciate of someone else posts a new cap for me

          Comment

          • thesightless
            Someone will marry me. Hell Yeah!
            • Jun 2004
            • 13567

            #20
            Re: FAO People in the Finance/Mortgage Industry

            Originally posted by Miroslav
            Behold, he speaks the truth!!! I don't work in the finance industry,.

            motherfucker, i always tell the truth, im just not PC.
            your life is an occasion, rise to it.

            Join My Chant. new mix. april 09. dirty fuck house.
            download that. deep shit listed there

            my dick is its own superhero.

            Comment

            • thesightless
              Someone will marry me. Hell Yeah!
              • Jun 2004
              • 13567

              #21
              Re: FAO People in the Finance/Mortgage Industry

              Originally posted by Kamal
              What about car loans ? those bitches haven't moved. I just bought a car and the best I could get was a 5.5% (got a Certified Pre-Owned).

              Any ideas if the recent rate cut will affect cat loan rates?

              car loans are usually from car companies, not public banks.
              your life is an occasion, rise to it.

              Join My Chant. new mix. april 09. dirty fuck house.
              download that. deep shit listed there

              my dick is its own superhero.

              Comment

              • thesightless
                Someone will marry me. Hell Yeah!
                • Jun 2004
                • 13567

                #22
                Re: FAO People in the Finance/Mortgage Industry

                Originally posted by shosh
                guys, if youre not looking to cash out, see if you can get a loan mod instead of a refi... rates are insane for loan mods

                lol, i do these on the side with some local attorneys. yes, the best option, 3-5K in costs and no principle/term change. much cheaper and efficient.
                your life is an occasion, rise to it.

                Join My Chant. new mix. april 09. dirty fuck house.
                download that. deep shit listed there

                my dick is its own superhero.

                Comment

                • Kamal
                  Administrator
                  • May 2002
                  • 28835

                  #23
                  Re: FAO People in the Finance/Mortgage Industry

                  Originally posted by thesightless
                  car loans are usually from car companies, not public banks.
                  got mine from a federal credit union.
                  www.mjwebhosting.com

                  Jib says:
                  he isnt worth the water that splashes up into your asshole while you're shitting
                  Originally posted by ace_dl
                  Guys and Gals, I have to hurry/leaving for short-term vacations.
                  I won't be back until next Tuesday, so if Get Carter is the correct answer, I would appreciate of someone else posts a new cap for me

                  Comment

                  • Jenks
                    I'm kind of a big deal.
                    • Jun 2004
                    • 10250

                    #24
                    Re: FAO People in the Finance/Mortgage Industry

                    Originally posted by thesightless
                    car loans are usually from car companies, not public banks.
                    Not really. While finance guys do go to places like Honda finance, GMAC, etc, they also borrow from banks. Where they get their money isn't always through the dealer. It's always the best idea to go to your local bank/credit union first and find out what you qualify for before letting the finance guy at a dealership tell you what you can get when buying a car.

                    Comment

                    • Kamal
                      Administrator
                      • May 2002
                      • 28835

                      #25
                      Re: FAO People in the Finance/Mortgage Industry

                      Originally posted by Jenks
                      Not really. While finance guys do go to places like Honda finance, GMAC, etc, they also borrow from banks. Where they get their money isn't always through the dealer. It's always the best idea to go to your local bank/credit union first and find out what you qualify for before letting the finance guy at a dealership tell you what you can get when buying a car.
                      +1

                      That's what I did and the dealership where I bought the car couldn't match the rate, they said take what you have.
                      www.mjwebhosting.com

                      Jib says:
                      he isnt worth the water that splashes up into your asshole while you're shitting
                      Originally posted by ace_dl
                      Guys and Gals, I have to hurry/leaving for short-term vacations.
                      I won't be back until next Tuesday, so if Get Carter is the correct answer, I would appreciate of someone else posts a new cap for me

                      Comment

                      • toasty
                        Sir Toastiness
                        • Jun 2004
                        • 6585

                        #26
                        Re: FAO People in the Finance/Mortgage Industry

                        Originally posted by thesightless
                        car loans are usually from car companies, not public banks.
                        just got mine through US Bank, via my car dealer...

                        Comment

                        • FM
                          Wooooooo!
                          • Jun 2004
                          • 5361

                          #27
                          Re: FAO People in the Finance/Mortgage Industry

                          I stand corrected...sort of.

                          Average rates today fell to 5.19%..lowest ever (since keeping records)
                          FM

                          "Nowadays everyone is a fucking DJ." - Jack Dangers

                          What record did you loose your virginity to?
                          "I don't like having sex with music on- I find it distracting. And if it's a mix cd- forget it. I'm stopping to check the beat mixing in between tracks." - Tom Stephan

                          Download/Listen To My Mixes
                          Facebook!
                          A Journey Into Sound On MCast

                          Satisfaction guaranteed, or double your music back.

                          Comment

                          • Life on Other Planets AKA Johns
                            Are you Kidding me??
                            • Oct 2005
                            • 3087

                            #28
                            Re: FAO People in the Finance/Mortgage Industry

                            Originally posted by Jenks
                            ^yes. i own a loft in downtown st. louis. technically when i bought it we were in a "blighted" area, even though downtown st. louis has been going through a revival of sorts the past 8 years with massive renovations and people moving back into the city. A lot of the buildings have been tax abated for 10 years and banks were packaging attractive programs with that to get people to move back into the city. We took advantage of a program available through national city where they would buy down a percent if you bought downtown, hence, 30yr@5.25%.

                            So this 30 year thing @ 5.25 is not common yeah? I ask the question cause here you can fix a rate anywhere from 1- 5 years and then it goes variable. To break out of a fixed contract i have seen people paying anywhere from 2k- 40k economic costs.

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