Today’s Rate:6.000% 30 years or 15 years at 5.625%*
When it comes to buying a Columbus homes, I find many people are very uncertain about the mortgage end of the process. Not just first time buyers either, but move-up buyers and experienced sellers. For good reason too, getting a mortgage isn’t too terribly difficult of a process, but when qualifications change at least weekly, along with interest rates and available programs, it’s hard to feel secure walking into a lender.
My expertise is in real estate — helping people buy and sell homes in Columbus’ best neighborhoods From the Short North to Worthington to Grandview to Bexley to German Village. I know a lot about obtaining a mortgage but I’m not the expert in that catagory so I rely on my network of lenders who have proven themselves to my clients over the years.
Because rates do change daily, I thought it’d fun to have either a post or a box on the sidebar with the day’s rate and the reason for any changes on the rate that day along with a tip or tidbit related to mortgages.
Here is today’s tip from Steve Wagner of Arlington Bank: Today’s Mortgage Tip: One big difference in going from renting to owning is that you will miss a month’s payment to anyone. Rent you pay in advance and mortgage payments are paid in arrears. That one time in a buyer’s life when they go from renting to owning, you miss one full month’s payment to anyone — landlord or bank.
*Based on close in 30 days, $100K thru $417K loan, 720+ credit scores, escrow, 95% LTV or better
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on Friday, April 25th, 2008 at 9:00 am and is filed under Mortgage/Finance.
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Today’s Rate: 6.000% 30 years or 15 years at 5.625%*
Genuine Chris Johnson
April 27th, 2008
Joe-
good post. MAKE sure you get your APR on there. There are idiots trolling mortgage sites reporting this, and it could create fines on a bad day.
~Chris