Mortgage Rates
Page 1 of 5 12345 LastLast
Results 1 to 15 of 64

Thread: Mortgage Rates

  1. #1
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Mortgage Rates

    Who has the best rates in the Des Moines area, for a new home purchase? Looking at 30 year conventianal with 20% down payment. Anyone ever use AimLoan before?



  2. #2
    All-Star
    Points: 27,370, Level: 50
    Level completed: 82%, Points required for next Level: 180
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    May 2006
    Posts
    1,232
    Points
    27,370
    Level
    50
    Thumbs Up
    Received: 9
    Given: 0

    Re: Mortgage Rates

    Honestly, I would go to the major banks like Wells or Bank of America. You might be looking for a good rate, but if you have 20% down the big banks will bargain down as well.



  3. #3
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by BooneCy View Post
    Honestly, I would go to the major banks like Wells or Bank of America. You might be looking for a good rate, but if you have 20% down the big banks will bargain down as well.
    What is the benefit of a larger bank? Will they push paperwork through quicker? What would be an advantage to have them over a credit union, or something?

    Will they really bargain on the rate? AimLoan is cheaper, will US bank or Wells Fargo really meet that?



  4. #4
    Addict
    Points: 102,131, Level: 99
    Level completed: 55%, Points required for next Level: 919
    Overall activity: 19.0%
    Achievements:
    SocialVeteran50000 Experience Points
    JP4CY's Avatar
    Join Date
    Dec 2008
    Location
    Sommerset
    Posts
    6,647
    Points
    102,131
    Level
    99
    Thumbs Up
    Received: 580
    Given: 232

    Re: Mortgage Rates

    Not sure if a lot of smaller banks are this way but I got mine thru Community Choice Credit Union and they sold my mortgage to USBank.
    Now the communication/payments go thru Owensboro, KY.
    No big deal to me really, just more of a FYI.



  5. #5
    Rookie
    Points: 26,105, Level: 49
    Level completed: 56%, Points required for next Level: 445
    Overall activity: 2.0%
    Achievements:
    25000 Experience PointsVeteran
    MartyMcCy's Avatar
    Join Date
    Sep 2011
    Posts
    585
    Points
    26,105
    Level
    49
    Thumbs Up
    Received: 53
    Given: 80

    Re: Mortgage Rates

    UICCU in Grinnell is at 3.5%. They travelled to Ames to do my closing. I know they travel to Des Moines as well.
    http://uiccu.mortgagewebcenter.com/Default.asp?bhcp=1



  6. #6
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by cychosis View Post
    UICCU in Grinnell is at 3.5%. They travelled to Ames to do my closing. I know they travel to Des Moines as well.
    http://uiccu.mortgagewebcenter.com/Default.asp?bhcp=1
    That's a good rate. Most banks at 3.875% in Des Moines.



  7. #7
    All-Star
    Points: 27,370, Level: 50
    Level completed: 82%, Points required for next Level: 180
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    May 2006
    Posts
    1,232
    Points
    27,370
    Level
    50
    Thumbs Up
    Received: 9
    Given: 0

    Re: Mortgage Rates

    They will bargain down on the rate...especially if you are bringing 20% down. However, since you are bringing the 20%, Credit Unions are much more interested in dealing with you. So, if you have access to a credit union, which most do, I would certainly look into that option because they will normally carry good rates.

    The only thing I don't like about the smaller (internet mortgage companies) is the fees during the process and the lack of contact during fulfillment. Essentially, the servicing of the loan will be done by a larger bank, so I don't worry about that with the smaller companies like a Quicken or this AimLoan.

    I don't know who AimLoan is, so I guess if you are thorough in reading through the contract and question why they would have a lower rate than some of the more established banks then proceed at your discretion. But, you have to admit there should be a question.



  8. #8
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by BooneCy View Post
    They will bargain down on the rate...especially if you are bringing 20% down. However, since you are bringing the 20%, Credit Unions are much more interested in dealing with you. So, if you have access to a credit union, which most do, I would certainly look into that option because they will normally carry good rates.

    The only thing I don't like about the smaller (internet mortgage companies) is the fees during the process and the lack of contact during fulfillment. Essentially, the servicing of the loan will be done by a larger bank, so I don't worry about that with the smaller companies like a Quicken or this AimLoan.

    I don't know who AimLoan is, so I guess if you are thorough in reading through the contract and question why they would have a lower rate than some of the more established banks then proceed at your discretion. But, you have to admit there should be a question.
    Yeah I would like to stay with someone local for the servicing.



  9. #9
    Addict
    Points: 81,231, Level: 88
    Level completed: 61%, Points required for next Level: 719
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    tigershoops31's Avatar
    Join Date
    Apr 2006
    Location
    Ames
    Posts
    5,412
    Points
    81,231
    Level
    88
    Thumbs Up
    Received: 16
    Given: 67

    Re: Mortgage Rates

    Quote Originally Posted by BloodyBuddy View Post
    Yeah I would like to stay with someone local for the servicing.
    First Federal had the lowest rates of anybody when I called around to refinance last year and the year before. Have you checked with them?



    Im just glad I have Homan as my bodyguard, Eustachy joked. If I ever make it real big and get to drive a limo everyday, hell be driving it. I thought he came off the bench like somebody was stealing his cow or something.

    http://blogs.dmjuice.com/?cat=43

  10. #10
    Bench Warmer
    Points: 8,946, Level: 28
    Level completed: 33%, Points required for next Level: 404
    Overall activity: 1.0%
    Achievements:
    SocialVeteran5000 Experience Points
    JRCampy's Avatar
    Join Date
    Apr 2006
    Location
    Des Moines, IA
    Posts
    348
    Points
    8,946
    Level
    28
    Thumbs Up
    Received: 3
    Given: 0

    Re: Mortgage Rates

    My wife and I are refiancing through West Bank right now. We got a 20-year note @ 3.625%. They have several branches in the Des Moines area.



  11. #11
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by JRCampy View Post
    My wife and I are refiancing through West Bank right now. We got a 20-year note @ 3.625%. They have several branches in the Des Moines area.
    Can get a 30 year at that rate at Community Choice Credit Union.



  12. #12
    Bench Warmer
    Points: 7,296, Level: 25
    Level completed: 50%, Points required for next Level: 254
    Overall activity: 0%
    Achievements:
    Veteran5000 Experience Points

    Join Date
    Nov 2009
    Location
    Polk City, IA
    Posts
    313
    Points
    7,296
    Level
    25
    Thumbs Up
    Received: 2
    Given: 6

    Re: Mortgage Rates

    Check out BNC National Bank out of Kansas City. Best rate and lowest fees that I could find anywhere.



  13. #13
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by cychosis View Post
    UICCU in Grinnell is at 3.5%. They travelled to Ames to do my closing. I know they travel to Des Moines as well.
    http://uiccu.mortgagewebcenter.com/Default.asp?bhcp=1
    This is the best I have found so far.

    3.5%
    3.529% APR
    No Points
    $1404 Closing Costs


    Last edited by BloodyBuddy; 05-29-2012 at 02:02 PM.

  14. #14
    All-Star
    Points: 27,370, Level: 50
    Level completed: 82%, Points required for next Level: 180
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    May 2006
    Posts
    1,232
    Points
    27,370
    Level
    50
    Thumbs Up
    Received: 9
    Given: 0

    Re: Mortgage Rates

    Quote Originally Posted by BloodyBuddy View Post
    This is the best I have found so far.

    3.5%
    3.529% APR
    No Points
    $1404 Closing Costs
    Is this a Credit Union?

    I would say do it. You won't find much better.



  15. #15
    All-Star
    Points: 32,933, Level: 55
    Level completed: 90%, Points required for next Level: 117
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    BloodyBuddy's Avatar
    Join Date
    Mar 2012
    Posts
    1,546
    Points
    32,933
    Level
    55
    Thumbs Up
    Received: 85
    Given: 22

    Re: Mortgage Rates

    Quote Originally Posted by BooneCy View Post
    Is this a Credit Union?

    I would say do it. You won't find much better.

    University of Iowa Community Credit Union....That might be a bad Omen.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Mediacom 22
  • HOOPS: Iowa State vs. Drake
  • December 20, 2014
  • 04:00 PM