I'm looking at a 45 k condo but can figure my payment until I know an interest rate. My credit is horrible. Any ideas?|||You should probably run your estimates with 10% just to be safe. Keep in mind, short-term interest rates have been climbing. You should look at a 30yr fixed rate mortgage.|||The current overnight repo rate set by the Fed is 4.5%, expect it to be much more than that.|||you will need to contact a lender to determine what the exact interest rate will be. I have not great credit and mine was going to be something like 9.125%.
Also, a lot of lenders will work with you and you can try to find the best offer with the lowest interest rate.
Good Luck|||Are you able to go to www.teammandich.com?
What state are you in?
What are your goals for the next five years?
Those are some of the questions we need to know so we can pick the right product so that we can accurately forecast the closing costs for you.
Any reputable firm should be able to make a living without charging you points. That being said, the rest lies in your hands in regards to what your credit score is.
We would be happy to talk to you on this matter at 877-659-5626. My name is Laura and I'd be happy to be of service.|||Try an FHA loan
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