Is 5.875%, APR of 5.918%, a good rate on a 10/30 fixed rate mortgage loan. It is through a very reputable bank

Deal Score0

loan amount- 240K
Credit- 7.25
Very little/no debt
DC condo
Income- 50K

  1. Reply
    Nicholas M
    April 30, 2011 at 12:20 am

    looks pretty damn good to me.

    I’m assuming it’s 10yrs I/O fixed rate for the 30yrs.

    Of course the fees you are being charged is the next question.

  2. Reply
    She She
    April 30, 2011 at 12:37 am

    I would say that is pretty good too…As long as that income qualifies you to actually buy that price home..Go for it!..s

  3. Reply
    April 30, 2011 at 1:12 am

    The 10/30, is that a balloon in 10 years? Or is it interest-only for the first 10 years?

    The rate is good either way, but better if it’s int-only.

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