Quote:
|
Originally Posted by ktsnake
Anyone here do mortgages? I'm buying a place for about $150K with no money down. I'm going in on an 80/20 loan (to avoid PMI) with a 6.8 fixed on the 80 and around a 10 on the 20. Is that about the going rate? We're hoping to get a contract on the house this week before I leave for my honeymoon.
|
That sounds about right. I work for a mortgage company, but I'm not a consultant. But all of the marketing pieces I see and send out show rates in the mid 6s to low 7s, depending on where you are.
Speaking of condos and apartments, what the heck is the difference? My impression of a condo is an apartment that you buy and pay HOA dues. And apartment is something you rent and generally just as a carport or something. I have been looking for rental properties because my bf and I are no where near close to buying a house and management companies are listing condos AND apartments for rent. WTF? Aren't they the same thing? Especially around here where all the condos are all "condo conversions."
So what's the perk of getting a "real condo?" You still share a wall or ceiling or floor right?