Mortage Rate Alert - 4.375%!

Mortage Rate Alert – 4.375%!

Osman Parvez|January 29, 2009|Real Estate|

by Osman Parvez
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To the point of falling rates (in my last post), I just received this email from a friend.
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Just a heads-up – If you or your clients are looking for a mortgage lender, Provident Funding has some very good rates. They have high standards, cut no corners, lend in “nice” areas, so this is for the folks with high credit ratings and documentation of income.

I’m paying down my existing loan (a jumbo) to get it below $417,000, locking in at 4.375% (and paying 1.75 points). $2600 in fees.

(they discount 1/4 point for credit ratings over 740)

…not the cheapest fees around, but not bad – and I can’t find a better APR.

Once I close this, I’m going back to Third Federal for their crazy-low HELOC. (currently Prime minus 0.65, and they guarantee that if anyone has a better rate, they will beat it or pay you $1000 – even after you establish the line)

——-
The next Boulder Real Estate Meetup is February 2nd and you’re invited! This is an opportunity for you to learn about important real estate related issues in a friendly, low-key environment. This month we’re talking about tree pruning, staging, tankless hot water, historic renovations, and how to avoid buying a meth lab (the wild card). Learn more and RSVP HERE.
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—-

Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.

As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.

Mortage Rate Alert – 4.375%!

Osman Parvez|January 29, 2009|Real Estate|

by Osman Parvez
—-

To the point of falling rates (in my last post), I just received this email from a friend.
—

Just a heads-up – If you or your clients are looking for a mortgage lender, Provident Funding has some very good rates. They have high standards, cut no corners, lend in “nice” areas, so this is for the folks with high credit ratings and documentation of income.

I’m paying down my existing loan (a jumbo) to get it below $417,000, locking in at 4.375% (and paying 1.75 points). $2600 in fees.

(they discount 1/4 point for credit ratings over 740)

…not the cheapest fees around, but not bad – and I can’t find a better APR.

Once I close this, I’m going back to Third Federal for their crazy-low HELOC. (currently Prime minus 0.65, and they guarantee that if anyone has a better rate, they will beat it or pay you $1000 – even after you establish the line)

——-
The next Boulder Real Estate Meetup is February 2nd and you’re invited! This is an opportunity for you to learn about important real estate related issues in a friendly, low-key environment. This month we’re talking about tree pruning, staging, tankless hot water, historic renovations, and how to avoid buying a meth lab (the wild card). Learn more and RSVP HERE.
———-

—-

Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.

As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.

Osman Parvez

Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.

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Mortage Rate Alert – 4.375%!

Mortage Rate Alert – 4.375%!

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