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Current 30 Year Rates? (Physician or regular)

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  • Ryan
    replied







    recently closed on a mortgage with us bank in November. I was quoted a 3.625% for a 30-yr with 20% down but ended up opting for a 7/1 ARM at 2.875
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    We just closed our refinancing this week. We were quoted around 4% for a 30yr but we decided to go for the 7/1 ARM at 3.375%.
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    Can I ask why you guys went with adjustable rates? Planning on moving soon?
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    We also did an ARM. We're maxed on non-taxed accounts and bought below our means. We'll pay the mortgage off before the rates increase.

    Leave a comment:


  • SpouseofDoc
    replied
    Thanks all. We are buying in the DC area.

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  • thomashackett
    replied
    Did conventional loan at full limit at 3.75% for a second home, closed first week of December. I think my net credit from the lender after their fees was $2k. Used Sebonic Financial.

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  • FIREshrink
    replied
    Try US Bank.

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  • timpanda
    replied
    doctor's loan with ~15% down

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  • I Find This Humerus
    replied




    recently closed on a mortgage with us bank in November. I was quoted a 3.625% for a 30-yr with 20% down but ended up opting for a 7/1 ARM at 2.875
    Click to expand...


    regular or doctors loan?

    Leave a comment:


  • timpanda
    replied
    My wife and I hope to put a more substantial amount towards the mortgage over the 7 years. We figure that we can refi after 7 years to a shorter term loan, if needed.

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  • DerekLava
    replied
    My wife is in year 5 of surgical residency and our 5 year ARM was going to be switching to annual adjustments. Since she is starting fellowship in the same area after that, we figured a 7 year ARM would bring us through fellowship and give us a 4-5year buffer to pay off loans. This is a solid house but not one we would be in for the next 30 years and the 3.375% 7/1 ARM vs a 4% fixed saved us about $125/month (HCOL area).

    Leave a comment:


  • DMFA
    replied




    recently closed on a mortgage with us bank in November. I was quoted a 3.625% for a 30-yr with 20% down but ended up opting for a 7/1 ARM at 2.875
    Click to expand...






    We just closed our refinancing this week. We were quoted around 4% for a 30yr but we decided to go for the 7/1 ARM at 3.375%.
    Click to expand...


    Can I ask why you guys went with adjustable rates? Planning on moving soon?

    Leave a comment:


  • DerekLava
    replied
    We just closed our refinancing this week. We were quoted around 4% for a 30yr but we decided to go for the 7/1 ARM at 3.375%.

    Leave a comment:


  • timpanda
    replied
    recently closed on a mortgage with us bank in November. I was quoted a 3.625% for a 30-yr with 20% down but ended up opting for a 7/1 ARM at 2.875

    Leave a comment:


  • DMFA
    replied
    Idk where you live or how much you want, but take this and plug-and-play.

    https://www.bankrate.com/mortgage.aspx?type=newmortgage&propertyvalue=300000&loan=240000&perc=20&prods=1&fico=740&points=Zero&zipcode=64030&cs=1

    Leave a comment:


  • StarTrekDoc
    replied
    Depends reAlly on conforming or not. 4 is about where you're going to get.

    Try your local cu they may have preferred rates for docs

    Leave a comment:


  • cgossage
    replied
    On average this is what I’ve been seeing as well.

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  • hightower
    replied
    I got a rough quote from my lender for a refinance recently (Chemical Bank).  They told me that 30 year rates in my area (midwest) would be in the 4.1% range and 15 year rates in the 3.5% range.

    Leave a comment:

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