Go to Jeff Salisbury LWGate Home Page.From: BOB FORD <BOB_FORD@compuserve.com>
Subject: mortgage Loan
Date: Mon, 13 Jul 1998 22:34:39 -0400
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>Date: Fri, 10 Jul 1998 15:26:08 -0500 >From: Jerry Conley <jcrev@ncn.net> >Subject: Mortgage Loan = >I will be looking to purchase a house at the end of this year that >will be a second home until it is time to retire. Can anyone direct >me to company that offers good competitive mortgage rates? The best mortgage rates are always from the owner of the home you want to buy. Always make this the first place you look for a mortgage. > The house will be in Florida What is a good 30yr rate these days? For A paper (the best credit risk and large down payment) 7 to 8 percent would be a good rate. = = >It would be best for me to have a preapproved loan. Yes, get pre approved before you make an offer on any house. > Does it generally cost anything to get a preapproval? This varies with the lender. Check it out with them. > How far in advance can a preapproval be and still hold the rate? The longer you want a "Lock In" of the interest rate, the more money it is going to cost you. Get you pre approval when you are ready to buy. GOOD LUCK BOB FORD BOB_FORD@COMPUSERVE.COM = = - -
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