dallas asked:


In Dallas, what interest rate I can get for a $250K house, with excellant credit history? Any recommndation? I am planning to refinance my house.

KEVIN

7 Responses to “home loan interest rate?”

1. Blue October on December 7th, 2009 12:40 pm

   ROGELIO

   shop around - shop your local banks and see which will give you the best rate….see how long you can lock it in for.

   good luck

2. DJ B on December 8th, 2009 2:18 am

   LYNN

   Not to be rude, but have you considered calling the lenders in your area?

3. peoplehi5 on December 11th, 2009 2:53 am

   BARTON

   For starters, get a copy of your credit report through FICA. You will need your actual score to get a rate quote.

   Then talk to mortgage brokers in your area about what they can offer/do for you.

   Make sure they work for credible lenders (ask who and then research them) before you sign ANYTHING.

   Be sure to do your research and weigh all you options. If you are thinking of taking equity out, you need to evaluate how much you need. If you have less than 20% equity inyour home you will either have to get 2 loans (one at a higher rate than the other) or pay PMI (and probably still pay a higher interest rate than if you had 20% equity in the home).

   Good Luck!

4. Mortgageman on December 13th, 2009 12:48 pm

   JOSH

   On my rate sheet today, you could get 7% for 100% financing (no lender fees); For 2.5 points, you could get 6.25%.

5. Yanswersmonitorsarenazis on December 15th, 2009 3:10 pm

   AUBREY

   Going rates right now, with at least a 5% downpayment, 6.375-6.625%.

6. surfbum68m on December 16th, 2009 5:25 pm

   ALEXIS

   In the current mortgage market, now is not the time to shop. I normally would recommend talking to three brokers and compare. Right now lenders are dropping programs left and right so with less options there are less choices. Also the fed didn’t lower the prime rate today so rates are going to get worse. I recommend going to a broker you know personally ad lock your loan as soon as possible. Mortgageman you need to sign up with more lenders I can get 6.5% with no points

7. goodness_royal on December 20th, 2009 5:10 am

   ABEL

   I am mr Goodness a private loan lender who give out all kinds of loans with low interest rate so if interested kindly contact me via :goodness_royal@yahoo.com

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