1969 CJ-5
AZ Native
- Location
- Whiteman AFB, Missouri
30 at 5% when we bought ours.
Mortgage Rates
- Thread starter RockMonkey
- Start date
Unimog
Eric
- Location
- Stansbury Park, UT
Working on a refi now with Box Home Loans. Rate is 4% with an APR of 4.05 on a 15 year. I did considerable research. If you have good credit, I'd recommend these folks.
Here is a question....
I rented my house out in November of last year. I never changed anything on the loan, but I did switch to an insurance policy for a rental property.
If I were to refi, does the fact that I'm using the property as a rental have any effect on the process? Right now I'm taking a $50 hit every month on my mortgage (my mortgage is more than my rental income), but if I am going to keep this as a rental then refinancing would make sense as I could probably turn it around and be $50 to $100 in the positive each month.
I rented my house out in November of last year. I never changed anything on the loan, but I did switch to an insurance policy for a rental property.
If I were to refi, does the fact that I'm using the property as a rental have any effect on the process? Right now I'm taking a $50 hit every month on my mortgage (my mortgage is more than my rental income), but if I am going to keep this as a rental then refinancing would make sense as I could probably turn it around and be $50 to $100 in the positive each month.
Unimog
Eric
- Location
- Stansbury Park, UT
I'm no expert, but I think you will definitely pay a different rate than if it were owner-occupied.
rockreligious
NoEcoNaziAmmo
- Location
- Ephraim
yep primaries residence is less than secondary or rental property...maybe you could not disclose, (you didnt hear that from me) If you were to buy an apartment complex or a duplex, the rate would be cheaper if you lived in one of the units rather than somewhere else.
- Location
- Riverton, UT
It all boils down to what rate and length of contract you have now. What the new rate would be and watch the closing costs. Joan had a real estate license in Cal. so this is her advice.
I am looking into doing a refi with them. Credit is good and they have some awesome rates. Let me know if you hit any snags.
Unimog
Eric
- Location
- Stansbury Park, UT
Looks like you found something else, but I just closed last week with Box Home Loans. My rate was 4% for 15 years. They were great to deal with, even sent a notary to my home to sign the papers so we didn't have to go find them!
- Location
- Grand Junction, CO
Would he be alright with you posting his info up? I still need to re-fi, keep putting it off, but better not do that much longer. I don't think interest rates are going to get any better then they are now.
Unimog
Eric
- Location
- Stansbury Park, UT
Oh and these guys charged about $150 in loan fees + about $1600 for appraisal, credit report, and title company fees. Those last 3 are pretty much the same with everyone I checked.
Brian P
Misanthropic Fuel
- Location
- Taylorsville
I would like to know as well.
I sent an email about posting his info. If he says it is okay I will post it up. Other wise I can give you the info through PM for sure.
I wish I could have had a better experience with box loans. they wouldn't get back to me. Most companies I tried to deal with had one thing online and a different thing in real life.
I wish I could have had a better experience with box loans. they wouldn't get back to me. Most companies I tried to deal with had one thing online and a different thing in real life.
Info On him. The first lender I dealt with that things were actually better than we thought. Even after I agreed to do the loan with him the next day he called and said he got us better than what originally planned. Tell him Davy told you how to get a hold of him. No, I don't get a kick back for referring you.
Troy Evans
Mortgage Professional
Superior Lending Associates
801.792.2697 cell
866.819.8416 fax
11616 S State St #1601
Draper, UT 84020
www.Troy-Evans.com
Troy Evans
Mortgage Professional
Superior Lending Associates
801.792.2697 cell
866.819.8416 fax
11616 S State St #1601
Draper, UT 84020
www.Troy-Evans.com
Thanks! I plan on calling him soon.
