[louballs]

If any of you guys are in the need of mortgage assistance or a home equity loan/line of credit let me know and I'll see what I can work out for you with no BS. I work for JP Morgan Chase so it's a legitimate and reputable company. Shoot me a PM if you ever need anything.

Lou

 

[laconia76]

how about a "sampler" ?

 

[louballs]

sampler huh?? nice try!

 

[05sevrod]

My local bank just offered ma a 30yr fixed rate loan at 5&3/4 percent on a home I just made a offer on. Is that pretty reasonable?

 

[louballs]

Yes, actually thats very reasonable considering interest rates have gone up over the past few months. I would take that and run with it if I were you since rates are projected to possibly rise a bit again in the coming months. Are you paying points or anything like that??

 

[pegdragger]

My girlfriend is an Account Exec for Citibank (Wholesale, Home Equity). The market is getting crazy! Chase and Citi are some of the biggest names in the game. I hope you can help some people out, because the market is getting worse and things are gonna get much more strict.

 

[louballs]

That's for sure so i'm happy to do any forum members a favor. I wont sit there and BS them. I'll be straight honest and if someone offers a better deal ill be the first to tell them to take it!

 

[05sevrod]

Yes, actually thats very reasonable considering interest rates have gone up over the past few months. I would take that and run with it if I were you since rates are projected to possibly rise a bit again in the coming months. Are you paying points or anything like that??

Not paying any points. I guess I will go with it.

 

[louballs]

Hey guys, just want to bump this a bit. Chase's mortgage rates have really come down over the past couple of weeks. If you're looking for a new mortgage or to refi, now is the time. Shoot me a PM and i'll see what we can do for you!

Lou

 

[Yajtsa]

Lou - I'm glad you posted this. My local bank is trying to get us to open an equity line of credit with no fees. Now, we have no reason to get a line of credit (no real debt to speak of other than the house) but it would be nice to have a safety net should the house need major repairs. What is the downside of an equity line of credit? I'm assuming that it'll look bad if I need credit for an auto in the future even if untouched. Once they get back in touch with us I can shoot you a PM with the details but I figure this is a question we can all benefit from.

Thanks,
-Bill

 

[louballs]

Hey bill,

I sent you a pm. In response to your direct question though. A line of credit can do good things for your credit depending on how you use it. A lot of times creditors will notice that you have a large amount of credit, but if you aren't using much of it then it will work in your favor.

 

[louballs]

Hey everyone,

As most of you know, this is a great time to refinance or take advantage of awesome home loan rates. If you have an immediate need or just need some general info, shoot me a pm or give me a call on my cell 908-419-8726. Thanks!

Lou

 

[myvrodrocks]

Lou - I'm glad you posted this. My local bank is trying to get us to open an equity line of credit with no fees. Now, we have no reason to get a line of credit (no real debt to speak of other than the house) but it would be nice to have a safety net should the house need major repairs. What is the downside of an equity line of credit? I'm assuming that it'll look bad if I need credit for an auto in the future even if untouched. Once they get back in touch with us I can shoot you a PM with the details but I figure this is a question we can all benefit from.

Thanks,
-Bill

www.daveramsay.com