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Message
re: VA loan
Posted on 10/29/15 at 5:25 pm to hawkeye007
Posted on 10/29/15 at 5:25 pm to hawkeye007
so my wife talked to the lender today.
4.125% interest rate. $1200/month includes taxes and insurance and was "a high side estimate so it could possibly be lower."
apparently the lender said we probably could go up to $200k if we wanted, but i don't think we really even wanted to spend $180k so i'm gonna assume that the payment will be a little under $1200/month.
i'm gonna assume the general advice here is going to be to shop around?
if so, what lenders do you recommend?
4.125% interest rate. $1200/month includes taxes and insurance and was "a high side estimate so it could possibly be lower."
apparently the lender said we probably could go up to $200k if we wanted, but i don't think we really even wanted to spend $180k so i'm gonna assume that the payment will be a little under $1200/month.
i'm gonna assume the general advice here is going to be to shop around?
if so, what lenders do you recommend?
2
Posted on 10/29/15 at 7:28 pm to IPlayedGreatTonight
That sounds right, as far as shopping around , just remember if you drop the interest rate a full point (which would be tough given your credit scores) your monthly note only goes down about a hundred dollars, and if you get out of the VA system you will likely pay PMI , so don't expect any big changes
This post was edited on 10/29/15 at 7:29 pm
Posted on 10/30/15 at 12:14 pm to IPlayedGreatTonight
that rate is high. VA rates are like FHA rates they should be lower than conventional rates. I always recommend Whitney Bank but I am biased I work for them.
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