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Exec conference thoughts so far?
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You are much better off to rent
Mentor
😬
Conversation Starter
I just closed on a 9% variable... fml
9% is the intro? What’s the max it can go up to?
Subject Expert
With what credit score and how much down? Brutal
Subject Expert
It’s all a choice of course and risk management decisions.
Ironically, a jumbo loan might improve your odds of a lower rate.
Highest rates in 20 years, absolutely brutal, but historically speaking 8% isnt bad, its the supply demand curve driving up prices is just ruining everything. Feel bad for fthbs
Yep, that’s me a FTHB🤦🏽♂️ I just want a condo, and most condos aren’t FHA approved so I have to go conventional. Cant afford a house, so I’m between a rock and a hard place😂
Subject Expert
Did you shop lenders? Or is this just the first option?
What state? I just quoted someone 7.55% with 3% down 800 credit score
Get variable rate and wait for a recession mid of 2024
Ah yes, Nostradamus here to predict the future. Variable rate loans were only 0.125-0.25% better when I locked months ago. Significant risk for little reward
Community Builder
Sent you a dm if you are interested. Can definitely get you a better rate than that.