quarter of a million dollars
So I am several steps closer to being a home owner. I spent most of yesterday afternoon calling random banks, lenders, and mortgage brokers looking for money. I need to borrow approximately a quarter of a million dollars to pay for my house. Whenever I say that to people, they usually respond with "holy crap!" But when I remind them that it is the
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Comments 9
Do not, repeat DO NOT get and ARM. even at 6.25 you should get a 30 year fixed. Lock in your payments for the long term future.
As for the inspection for the 200-300 it will cost you will have an expert telling you (because he's your employee) what you need to know about the houses condition. Even if you are only getting an inspection for information purposes only you want an honest opinion so you know what you are getting into.
And Jenny's thought that your other property might be affecting the rate you are getting. If you want to get creative about financing you might see if you can consolidate the two loans into 1 at a better rate. (if that is possible)
-paul
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