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Home loan opinion
Gents (and Ladies)
Looking to get you opinions on my next step. Found a house and wrote an offer on it. The offer was accepted and went to bank this afternoon to sign loan papers. Nothing is in concrete until we close on the house and things could change at a moments notice. We have secured a good deal on this property. I would absolutely love to get a solid rate on it as well. Credit score isn't a problem as I'm getting what the market is currently throwing at us (no inflated APR because of a low score). The current rate is 4.75%. With volatility running rampant through the world economy, the Congress undecided (for the most part) on what to do with taxes, Ireland just days away from massive cut backs and joining its neighbors in the EU, etc...do you see the market swinging lower to the absolute historic rates of just a few weeks ago at 4.25%? I have until the 20th or so to lock in. I would like nothing more than to have a house with a huge chunk of equity and a really low interest rate to boot. Any advice or thoughts?
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