Lowest montly payment
#12
Administratus Emeritus
Certified Car Nut
Ya ARM'* are the pits and being pushed because the Banks know the direction of interest rates.... Bait you now and keep pushing up as the rate goes back up, Sorry John I keep forgetting you live in the foriegn soil to the North. dont they have Home Loan Conselling up there.?
#14
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Certified Car Nut
LOL I'm all backwards 2day. Call your BBB and ask them . Yes different and usually nonprofit. It seems like the loan lady would be more helpful but keep an eye on what she presents, as she is in it for herself. Have you tried for help with the local FHA office??Are you a first time buyer because there are some there is a Fed program and alot of States have one too. The important thing is be persistant and something will work out. definatly dont go for an ARM or one of those do it this way for a couple years and we'll renogotiate deals. Interest rates have climmed a little and with one recent Fed interest hike (To Banks) done and more to come that is not a good choice.
Here is an example but I'm not endorsing, check it out and do a yahoo/ google search for illinios First Time Home Buyers.
http://www.downpaymentsolutions.com/...illinois.shtml
The important thing is to read all the fine print. While some are there to help... others are out to scalp ya.
Here is an example but I'm not endorsing, check it out and do a yahoo/ google search for illinios First Time Home Buyers.
http://www.downpaymentsolutions.com/...illinois.shtml
The important thing is to read all the fine print. While some are there to help... others are out to scalp ya.
#15
Administratus Emeritus
Certified Car Nut
another here . these are Mortgage companies that hook you up becasue they can get FHA gurauntees on the money they are lending you.
http://www.ameristarmadison.com/info.htm
http://www.ameristarmadison.com/info.htm
#16
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Re: Lowest montly payment
Originally Posted by Shadow
Well I am 35 so it has taken some time to save.....
Okay, so you are 35, drive a bimmer and put down 75% on your house... I gotta ask: what do you do for a living?
[/off topic]
Edit :
Originally Posted by Shadow'* Profile
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#17
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Re: Lowest montly payment
Originally Posted by J Wikoff
What'* the best way to get a low monthly payment on a 30 year home loan?
And I would do fixed rate if I were you... ARM rates are on the rise... and although the fixed rates are not at "record lows", they are still low compared to what they were years ago.
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OLBlueEyesBonne
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