| I did look around at the other ways and offers like the ones your getting. Good news is they'll lower your rate. Bad news is they all say this. Lower your 15 to 30 year loan
Lower your rate to 5% to 6% over the loan
Lower your monthly payments
Skip two months payments Bad news is this. They take that two months payments you get to not pay, add it to the loan. They go after the equity you have in the house by appraising it or guessing the value based on when you bought it and or done to it since owning. After looking at three different offers and having them all written up, the loan I was getting was avg. $7500 more on top of what I owed on the loan before. So I got lower payments yes, but the life of the loan was just added another year. So your saying per month and not on the total purchase of the home. This new loan appraisal fee, processing fee, commission sales percentage fee are all based on what your house is worth, how much you still owe. So if your house is more than 200K, your loan is going to jump a lot. But I found a company that I went threw that work with VA types of loans ( Military type people ), where I did everything and just moved my loan to a new bank with no fee's. It pays to have been or be in the Service. Because VA loans means we move in for free as well with no down payment. So I got my own 3br house to myself, just chillen :)
 STAGE V++++
Going to XIII and beyond :) |
