s********e
发帖数: 893 | |
K****z
发帖数: 405 | |
y****n
发帖数: 61 | 3 德州
谢谢
【在 K****z 的大作中提到】
: 哪个州的？
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s*******t
发帖数: 7746 | |
K****z
发帖数: 405 | 5 哦，德州的，我想这里很多的broker都做不了你的贷款。你可以参考的就是当地的报纸
上，和yahoo finance的everage mortgage rate。你可以看看报纸上可不可以找到
local的broker。多问几家就清楚市场了。
【在 y****n 的大作中提到】
: 德州
: 谢谢
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y****n
发帖数: 61 | 6 请问为什么 0 cost 的 refin
APR 比 RATE 高？
【在 s*******t 的大作中提到】
: 看zillow
: http://www.zillow.com/mortgage-rates?request=ZR-QRMYBQD
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s****y
发帖数: 478 | 7 30 yr: 4%
15 yr: 3.25%
in MO
【在 s********e 的大作中提到】
: rt
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h**********e
发帖数: 413 | 8 Are you kidding me? Investment property you can refinance to 4%?
Donot be misleading. He is asking for investment property.
【在 s****y 的大作中提到】
: 30 yr: 4%
: 15 yr: 3.25%
: in MO
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k******o
发帖数: 3328 | 9 APR== mortgage rate, if this is truly No Point No Fee refinancing.
【在 y****n 的大作中提到】
: 请问为什么 0 cost 的 refin
: APR 比 RATE 高？
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k******o
发帖数: 3328 | 10 1) Investment property shall have the same rate/APR as the primary residence
, except borrower(s) have to pay extra 1.75% point for perceived high risk.
2) Investment property's mortgage rate shall be higher than primary
residence if this is No Point No Fee refinancing.
【在 s********e 的大作中提到】
: rt
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a*w
发帖数: 4495 | 11 rate和APR不是一回事。
rate = monthly rate * 12
APR = (monthly rate + 1) ^ 12 - 1
【在 k******o 的大作中提到】
: APR== mortgage rate, if this is truly No Point No Fee refinancing.
|
k******o
发帖数: 3328 | 12 rate = monthly rate * 12, I guess you refer annualized simple interest rate.
APR = (monthly rate + 1) ^ 12 - 1, I guess you refer annualized compound
interest rate.
In some sense, you are absolutely correct. However, normally, but not always
, in the mortgage industry, (effective) APR is the fee + compound interest
rate.
In order to let borrowers shop around, APR is used to have the same benchmark regardless how the combination of cost and rate is evolved. ($2000 3.875% vs. $5000 % 3.125%)
In the special case (i.e. no fee), APR rolls back to rate if we could (temporally)
ignore compounding effects.
Details is here: http://en.wikipedia.org/wiki/Annual_percentage_rate
BTW, compounding effects may play significant role in the investment arena, especially long term retirement plans (i.e. 401k. 403b, Roth IRA, traditional IRA, SIMPLE, SEP, pension, etc)
【在 a*w 的大作中提到】
: rate和APR不是一回事。
: rate = monthly rate * 12
: APR = (monthly rate + 1) ^ 12 - 1
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