Mortgage Blog

What are the "hot" loan programs?

June 9th, 2010 11:34 PM by Eric Fang

For the past two or three weeks, the rate was going a little bit lower.
But for some of my clients, they got the best rates even though I locked the
rate 3 weeks ago.

For 10 yr fixed program(payoff in 10 years), one lender had the promotion
for 4 days, that rate was good for loans wround 200k to 300k for the rate
of 3.875%. You can not get better deals than that.

For rental properties, I stated in my previous blog articles that lots of
investors "locked" the rates for 5/1ARM and 7/1ARM with rates around 4.125%
to 4.375% with no closing cost. NOt bad for the investors, right?

And today, a seasoned investor asked me to find the best 30 yr fixed rate.
Yes, and he got it. 5% for 30 yr fixed with no closing cost at all(The
loan is 400k with LTV less than 60%).

And you will see that I am doing loans a little bit different from other brokers.

And I know a lot of people are interested in 30 yr fixed rate around 4.625% to 4.75%
for 30 yr fixed.

Please drop me a line if you have similar inquiries.

Posted in:General
Posted by Eric Fang on June 9th, 2010 11:34 PM



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