Mortagage loan

[Dhed]

Hi Friends 

 

I am looking at private lender Mortagage loan 30 year fixed is 6.375 with 10 % and 5 % down and buy down by lender credit of 5.5% first year and 6.5 from year 2 
 

I never used private lender and these rates seems to be better for me compared to banks 

 

any experience with these lenders both are Indians 

[perugu_vada]

New house aithe builder through mortgage ki velthe they give some incentives which shall cover for ur closing costs .. Adhe bayata chusthe closing cost petukovali .. 6-7k autundi .. 6.25 undi rate aithe outside 

[Sixers]

5% 10% down ante 6 months reserves chupiyamantaru. Okkasari kannukko. Antha money unte down payment ki katteyochu so avanni kuda adugu.

[Variety_Pullayya]

2 hours ago, Dhed said:

Hi Friends 

 

I am looking at private lender Mortagage loan 30 year fixed is 6.375 with 10 % and 5 % down and buy down by lender credit of 5.5% first year and 6.5 from year 2 
 

I never used private lender and these rates seems to be better for me compared to banks 

 

any experience with these lenders both are Indians 

just compare with that the preferred lender is giving. show them the best offer you got and ask them to match.

andaru chesedi adee. be vigilant about unnecessary fees. all the best

[BenedictStone]

I was in a similar situation last year, juggling timelines between selling my old place and buying the new one. Someone suggested checking out bridging loans UK, and it turned out to be a big help. It gave me the short-term money I needed without stressing over immediate selling. It's quicker than most traditional loans, but make sure you sort out exit plans in advance to avoid extra stress later.