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New home mortgage rates

I currently am looking for a mortgage on a 235k home, my monthly income is roughly 45k my wifes is 40k and we have middle credit scores of 722 and 718. If we have 20% for the payment, what can we expe ct for a rate for our home loan? by carl66_435_870 from Boulder, Colorado. Jan 3rd 2012 Reply


Aaron Brown (aaron.brown)
#77 ranked lender in Arizona - 37 contributions

Every Bank/Lender & Broker is fishing from the same pond when it comes to Interest Rates. I would agree with the last reponse from Cmilker...that you can expect an interest rate between 3.875% to 4.125% ( depends on the day ) but likely to fall into that range on and off. The best thing to do is compare lender fees to help decide who you should go with and turn around times. I like to think that we have the lowest fees and fast turn around times but you never know. I would be more than happy to assist you with any questions and or get you pre approved. Aaron Brown ( 888-760-8383 EXT 226 ).

Jan 3rd 2012
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Chris Milker (cmilker)
#35 ranked lender in Colorado - 5 contributions

It would be reasonable to expect an interest of no more the 4%. You will want to make sure the amount of debt you carry versus your income does not exceed 45%. I would make sure you qualify before you start shopping.

Jan 3rd 2012
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Linda Burek (lburek)
#138 ranked lender in Florida - 25 contributions

Based on the information you provided with 20% down on a $235K purchse price your principal and payment will $884.05 on a 30 year fixed at 3.875%. I do mortgages in Florida and see you are in CO., however rates should not be much different there. Please feel free to call me if you are ever interested in purchasing in Florida or have any questions. Kindest Regards,Linda BurekSunbelt Lending ServicesSr. Loan Officer727-518-7818

Jan 3rd 2012
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Mike Trenkle (MikeT@MKMortgageGroup.com)
#22 ranked lender in Colorado - 12 contributions

This is a great time to purchase. With your criteria a 30 year fixed rate loan with no pre-payment penalties your rate as of today would be about 3.75%!

Jan 3rd 2012
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David Widlund (david_283_200)
#45 ranked lender in Colorado - 7 contributions

Hi Carl,You are looking at a rate between 3.25% and 4.5% depending on your goals and length of financing. Thankfully, we have so many options available so that your financing is personalized to your unique needs. You may want the lowest possible payment, the lowest possible costs, or somewhere in between. You may also want to pay your loan down as quickly as possible. I'm happy to prepare some options for you after I know what is most important to you and your family. Contact me if I can help.Good luck!

Jan 3rd 2012
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Gregorio Denny (GVDenny)
#254 ranked lender in California - 380 contributions

Carl,Your best bet will be to contact Nic Netherton. Nic is with Cornetstone (the first answer you received) and he will surely be able to assist you with all your needs. Click on his name to get to his profile.

Jan 3rd 2012
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Nic Netherton (ColoradoLender)
#18 ranked lender in Colorado - 57 contributions

Hi Carl,There are alot of variables that are considered in the pricing available to you. Your best bet would be to speak with a local Colorado Mortgage Lender to go through all of the details and then he/she could provide you with an accurate rate quote.We are located just north of you and would be happy to prepare a quote for you after a brief conversation. I can be reached at 970-590-5021 or send me an email at nnetherton@houseloan.com

Jan 3rd 2012
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