tag:blogger.com,1999:blog-13037130.post7956633059066196267..comments2024-03-25T08:47:49.650-07:00Comments on Manhattan Beach Real Estate-Redondo Beach Townhomes: Manhattan Beach-Beach Cities: Loans & Interest Rates...Can You Qualify?Kayehttp://www.blogger.com/profile/09003331406008950614noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-13037130.post-26808905644991012822007-09-24T17:02:00.000-07:002007-09-24T17:02:00.000-07:00Ricardo,Thank you for stopping by and sharing info...Ricardo,<BR/>Thank you for stopping by and sharing information..Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-52883895020135274102007-09-24T16:45:00.000-07:002007-09-24T16:45:00.000-07:00In the pursuit of proper planning the best anyone ...In the pursuit of proper planning the best anyone can do for themselves is <B>organize their paperwork</B>. A task a simple as this can make the world of difference in spread from one interest rate quote to another. <BR/><BR/>You might apply for a Stated Loan (yes some do still exist) only to find out that you could have gone Full Doc as your tax returns substantiate enough income. <BR/><BR/>The next excellent point is the fact that you can pay upfront points to buy the rate down. I'm definitely in agreement with you here as you can save some money over the long-term. <BR/><BR/>If it (1) one point costs you $4,000. Simply calculate the difference in payment from the new lower rate and the initial rate and consider this your savings. Then divide $4,000 by your savings and you'll get the number of months it will take for you to break even on your investment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13037130.post-11726868772574367762007-09-18T17:01:00.000-07:002007-09-18T17:01:00.000-07:00Pat- They have gone up in the last two days about ...Pat- They have gone up in the last two days about a 1/4 point. Rates are tied to the bond market if bonds move upward loan rates will go down. However you may not see much movement in Jumbo loans until the credit market feels more secure.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-70608353028084386402007-09-18T16:39:00.000-07:002007-09-18T16:39:00.000-07:00So, what are rates like now?So, what are rates like now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13037130.post-17373312925910691102007-09-13T15:34:00.000-07:002007-09-13T15:34:00.000-07:00JR- Glad you agree.. Paying points to lower the ov...JR- Glad you agree.. Paying points to lower the overall rate stopped when rates got so low.. however I think it is a strategy that buyers may want to consider once again..Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-35234819747585894002007-09-13T13:52:00.000-07:002007-09-13T13:52:00.000-07:00Good advice, Kate, on paying the point up front.Good advice, Kate, on paying the point up front.Anonymousnoreply@blogger.com