Mortgage rates

[Thokkalee]

Guys, look at the APR rate.. it is the final rate you pay.. also read more about the difference between mortgage rate and apr.. APR includes the closing costs, loan fees etc that you have to pay.. 

[godfather03]

3 minutes ago, Thokkalee said:

Guys, look at the APR rate.. it is the final rate you pay.. also read more about the difference between mortgage rate and apr.. APR includes the closing costs, loan fees etc that you have to pay.. 

yes - application process chesthe appudu chupisthundi 5.375 ani

[Arjun9]

23 minutes ago, Thokkalee said:

Guys, look at the APR rate.. it is the final rate you pay.. also read more about the difference between mortgage rate and apr.. APR includes the closing costs, loan fees etc that you have to pay.. 

Bro.. Usually we pay closing costs/legal fee at the time of closing kada..like one time fee (in my case i am planning to use my realtor credit amount)...

then again why APR is expensive than mortgage rate? Just checking..

 

 

[Arjun9]

1 hour ago, paaparao said:

ARM mean adjustable rate per market. so 5/1 arm ante 5 years fixed rate initially then 6th year onwards it will be as per market rate like 7% or 8%. Closing costs are hight with 5/1 arm also. you won't be getting good deal.

but cant we take ARM 5/1 for now due to low rate and then refinance after 5 yrs if rates are Up at that moment? anyways the prediction is rates might fall by next yr kadha.. So ARM might be better choice right..

[Arjun9]

2 hours ago, Sonu_Patel said:

DCU offering for 4.875 lastweek on 5/1 arm

45 days period lo we can shop few best mortage lenders as we can kada... as all of them will fall under one credit score? but again closing appudu inko credit check vestaremo by that lender to pull latest report

[Arjun9]

3 hours ago, theniceguy09 said:

Folks, please share the banks or credit unions that are offering best rates now.

So far.. idhi naa short list bro - Homefinity, Rocket, 3rd Federal, DCU, One Trust.. inka chustunna better vi emanna

[spicyfish]

7 minutes ago, Arjun9 said:

So far.. idhi naa short list bro - Homefinity, Rocket, 3rd Federal, DCU, One Trust.. inka chustunna better vi emanna

Thanks 

[chelsea]

Rocket mortgage Dcu best anukonta 

[BommaliNinnodhala]

1 hour ago, Thokkalee said:

Guys, look at the APR rate.. it is the final rate you pay.. also read more about the difference between mortgage rate and apr.. APR includes the closing costs, loan fees etc that you have to pay.. 

5/1ARM tisukunedi asap better rates unnapudu refinance chesukundamani — in this case you cannot look at APR as it will be total cost of the loan over 30years— ofcourse if you don’t refinance then will get Fckedup with that APR 

[theniceguy09]

Thank you all