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Classifieds & Organizations => Sponsor Classifieds => Topic started by: archery288 on August 27, 2009, 10:13:10 AM

Title: Mortgage Rate Update 8/27/2009
Post by: archery288 on August 27, 2009, 10:13:10 AM: .
Title: Re: Mortgage Rate Update 8/27/2009
Post by: boneaddict on August 27, 2009, 10:25:02 AM: I looked into it with mortgage hunter when they were at their lowest, but at that point no lender was dealing with a manufactured home, even a triple wide, no matter how stellar my credit score was. I am at 5.6 already, so probably not worth diving into it huh?
Title: Re: Mortgage Rate Update 8/27/2009
Post by: archery288 on August 27, 2009, 10:32:15 AM: That's not a bad rate compared to others Bone.. How long of a term were you looking at?
Title: Re: Mortgage Rate Update 8/27/2009
Post by: boneaddict on August 27, 2009, 10:44:33 AM: I'm 30 year fixed and figure thats what I would go after again. The goal was to reduce monthly burden.
Title: Re: Mortgage Rate Update 8/27/2009
Post by: bow4elk on August 27, 2009, 10:48:16 AM: Just my opinion on the matter, but anyone who wants to stay in their home and wants to pay it off should absolutely move into a 15 or 30 year fixed rate mortage (depending on how much they owe, length of time in the home). ARMs are good only for those who have a high probability of selling the home inside the window of the fixed rate.

Bone, do you have VA benefits? Not sure how VA loans apply to manufactured homes. I was going to use my VA benefits for my first home but decided not to. Never bothered after that.

:twocents: