What is a mega thread? A rope? Btw, I was reading the other day,some builders offer better interest rates the 1st year - 3.8%.
Yeah. I am mainly looking for non hoa sfh.
Anyone can do that, you can negotiate a rate buy down paid for by the seller. Not exclusive to new builds
Fuck ARMs
This
Historically arms have done better. The only time to not get an arm is when rates are crazy low. Rates are likely to go down from here so an ARM will likely be cheaper. That said I have a fixed at 2.5 because that rate is nuts.
Op what is your loan amount
$1.4M
I can’t even imagine that mortgage payment. What is the selling price?
Don't do an arm obviously
ARM is better at this point. And you can always refi to fixed later
You can’t always refinance later—you don’t know that. Yes it’s likely interest rates will go down, but anyone who takes that for granted should not be getting ARMs.
Are these with any relationship discounts?
Yes with around $150k in relationship with citi and 250 with wells
When did you lock these rates?
Whats the APR of these ARMs? 5.8 with an APR of 6.5 is no good. APR is what really matters. These days, 30yrs and ARMs almost have no difference.
How so? What does the APR on ARMs do?
Why does apr matter? I don’t understand. You don’t pay apr. and you can always refinance later.
Try US Bank
Thanks! Did you hate any recent quote from them?
looks too good, a month back it was 6.5 range
Did you quote any FRMs?
What's frm
Fixed rate mortgage (as differing from ARMs)