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Old 05-26-2010, 07:22 PM
 
1,632 posts, read 3,344,556 times
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If you have the extra income, look at a 15 year -- rates are about 0.6% lower, and if you have to pay PMI, it will be lower also.

When I switched from a 30 year to 15 year, my monthly payment increased by about $500, but the amount I'm paying towards equity increased by over $700!
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Old 05-30-2010, 09:21 PM
 
Location: The Greater Houston Metro Area
9,053 posts, read 17,270,881 times
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Originally Posted by rb4browns View Post
I closed this week and used a guy named Brian Beatty with Bedrock Lending. I found him on Zillow, he had a number of good reviews. Had a good experience with him, he was very responsive by phone and email, took time to explain things (this was our first home purchase) and the fees, etc. were competitive with the other quotes I got as was my rate. 214-448-4641 direct, brianb@fairwaymc.com.
I'll add to the plug for Brian. Here's what I liked about him: He responds quickly and does what he is supposed to do when he is supposed to do it. I have one I am trying to track down to kill about now.
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