I'm calling it.

RobBase (c) said:
HA! I’m qualified to teach a class on this, and you don’t even know what a variable rate mortgage is.

You should stop wasting everybody’s time with your paranoid bullshit.
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Qualified to teach a class, but dont do the job. Cool
 
RobBase (c) said:
HA! I’m qualified to teach a class on this, and you don’t even know what a variable rate mortgage is.

You should stop wasting everybody’s time with your paranoid bullshit.
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Bookmarked. Not really.
 
Bayou Tiger said:
So they excused all the people who had these before they were at 2%? We are talking 30 year mortgages. Rates were not 2% 30 years ago.


You know a whole lot that isn't so.
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What are you even talking about? The whole point of ARM loans were to get the lowest rates available by taking a short-term adjustable rate loan. Lower the risk for the lender = lower rate for the borrower.

Once rates hit 2% the need for ARMs became obsolete. You just converted to a fixed loan with the same low rate.

What rates were 30 years ago has nothing to do w the equation.
 
RobBase (c) said:
What are you even talking about? The whole point of ARM loans were to get the lowest rates available by taking a short-term adjustable rate loan. Lower the risk for the lender = lower rate for the borrower.

Once rates hit 2% the need for ARMs became obsolete. You just converted to a fixed loan with the same low rate.

What rates were 30 years ago has nothing to do w the equation.
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So what dummy...again, none of that happened over night or even in 30 days as someone tried to explain to you earlier.

You are silly.
 
moxie said:
Both - this part of california is title & escrow (not done through a separate attorney's office) . Ex: worked for Old Republic Title. R.E. Agent (or mtg broker) opens the escrow, we'd run the title report then process the rest of the escrow transaction through recording.
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Same. Most places in the west are that way. But there is still usually a title department and an escrow department. In most instances, you are specified to one or the other.

I've known many great closing officers that couldn't search or examine a piece of property if their lives depended on it and many great searchers that didn't have the foggiest clue about the escrow side.
 
Bayou Tiger said:
So what dummy...again, none of that happened over night or even in 30 days as someone tried to explain to you earlier.

You are silly.
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Are you saying you have an ARM? You didn’t move it to a fixed loan at 2-3% when you had the chance? Your banker never called you?
 
williewilliejuan said:
VA loans go to 100% LTV. Loans through the USDA Rural Housing Services program also go to 100% LTV. FHA loans typically go to 96.5% LTV, but some borrowers can get a community second through a Household Finance Agency (often forgivable) that would let you go up to 110% CLTV and roll in all of your closing costs. Both USDA and HFA loans have income limits, though.
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FHA has a purchase price limit. I think VA does too but it's a bit higher than FHA.
 
RobBase (c) said:
Are you saying you have an ARM? You didn’t move it to a fixed loan at 2-3% when you had the chance? Your banker never called you?
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Everything I have is paid for. I'm in the home stretch...........
 
Bayou Tiger said:
Everything I have is paid for. I'm in the home stretch...........
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So what’s your problem? Go find me the moron in ARM who decided not to convert to a fixed rate when his loan type became obsolete.
 
ojb81 said:
yep. God I love having access to my VA loan. For life!!
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Absolutely!! One of the biggest perks (aside from tricare en sech)
 
beardown07 said:
Same. Most places in the west are that way. But there is still usually a title department and an escrow department. In most instances, you are specified to one or the other.

I've known many great closing officers that couldn't search or examine a piece of property if their lives depended on it and many great searchers that didn't have the foggiest clue about the escrow side.
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Ah, yeah- my bad. i wasn't sure what you were asking. When I first started there (Old Republic Title), I spent some time in the title department to learn how to run the reports and read them. Then I moved to the escrow side, drawing docs, doing signings & shet. I'd also had my R.E. license so that helped.
 
moxie said:
Ah, yeah- my bad. i wasn't sure what you were asking. When I first started there (Old Republic Title), I spent some time in the title department to learn how to run the reports and read them. Then I moved to the escrow side, drawing docs, doing signings & shet. I'd also had my R.E. license so that helped.
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Acreage. Job. Generous lover. lulz
 
NU_FTW said:
higher rates? what kind of crack are you on?????
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What rate do you have?

VA Jumbo Loans: Rates, Requirements and Down Payment Details

A VA jumbo loan is when the loan amount on your VA loan is more than this year's conforming loan limit for your county. Jumbo VA loans still have amazing benefits.
www.valoans.com www.valoans.com

VA jumbo rates are generally higher than loans under the conforming loan limit. Even with the VA guarantee, jumbo loans carry additional risk to the lender, which is the cause for typically higher rates.
 
RobBase (c) said:
What rate do you have?

VA Jumbo Loans: Rates, Requirements and Down Payment Details

A VA jumbo loan is when the loan amount on your VA loan is more than this year's conforming loan limit for your county. Jumbo VA loans still have amazing benefits.
www.valoans.com www.valoans.com

VA jumbo rates are generally higher than loans under the conforming loan limit. Even with the VA guarantee, jumbo loans carry additional risk to the lender, which is the cause for typically higher rates.
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if you had read the thread you would know i locked in at 2.25%
 
RobBase (c) said:
HA! I’m qualified to teach a class on this, and you don’t even know what a variable rate mortgage is.

You should stop wasting everybody’s time with your paranoid bullshit.
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Someone should teach you that if someone had taken a mortgage loan or refinanced their home before the rates dropped, they may not have been eligible to refinance when the rate went down later.

Just because the Fed lowered the rate doesn't mean everyone suddenly runs out and refinances their home mortgages. To even insinuate that implies that you probably are teaching and as a result don't know what the fuck you're saying. Yeah, I'm calling Bullshit on your claims.
 
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