For anybody on NS that wants to talk about Finances....

I'm def not in the market, but I listen to financial talk radio every sunday and people always call in about this. You should talk to an expert because you won't get shit here. There are a ton of helpful people who know their stuff about mortgages and things of the sort. call in.

I work for a financial advising company in Colorado, and if you'd like I can ask around to see what people are getting when I'm back at work on Monday. I don't know off hand.

thanks. thats why i said im not taking financial advice from people on here. im just curious if anybody else is in my same boat.

Im pretty knowledgeable about this stuff. what im really interested in is if anybody on here owns their own house or is planing too soon. which is highly doubtful but there has to be a handful im sure. haha

sweet. that would be sweet. Im planing on locking in on a rate next week so i can get my appraiser in the house so i can close by end of the month or sometime in November.

hows the market in colorado?

im in montana and though we have slowed its not super horrible. markets down about 12 to 15 percent around here.

I am heavily invested in US Bank so I will advise you to get a loan from them.

They are a sound bank. They have paid their TARP money back. They have one of the best credit ratings of any bank in America right now.


As a bank they have made wide decisions and because of this they brushed the banking collapse off their shoulder like it was nothing, and now US Bank has capital around to invest in areas that troubled banks cannot afford to lend to.

In other words, US Bank has mo money fo joo to borrow from!

4.75% is the best I have found on a 30 year fixed myself btw. and local rates are in the 5.12-5.6% range depending on bank. I live in the mid-west, most of the banks are fucked here because of the collapse of the manufacturing industry.

nice to here you have some positive input.

I agree US bank is a good bank. better than wells fargo in my opinion. im stuck with a moral decision i guess. This bank has bought more from my business than i care to share and US bank has bought only a few things from us (I sell furniture). I hate to burn my bridges but if they cannot at least get in the 5% range than i might just have to talk to my US bank leander.

anyways, thanks dude for your sound input. Looks like are/ will have a good future in the banking industry.

Yeh my fiance is pretty nice. still shopping around though..

I just got a $32,000 loan at 1.25%, so I am trying to make this bigger so that I can have some more to put towards a down payment in a 2-3 years.

I meant to say wise decisions.

But yeah US Bank has the funds to lend you something and the bank isn't doing predatory lending and shit.

In this day and age though it is all about money. Don't feel bad if you don't buy from a local bank offering you a higher rate. They are in a sense putting food on your table, but they aren't doing you any favor by offering you a higher %.

Lets face it, the banks offering you a higher interest rate find you as a riskier investment for their money. So they have to charge you a few percent more. But since so many banks have fucked themselves in the ass so hard in the last year, they pass their fuckups on to you and since they are not capitalized well.......well they want more of your money to help build up those pyramids of money I hear they like to make.

US Bank is the baller bank right now.

I bought their stock at $16 and I am still buying it at $21

This guy is right about the stability of US bank. and you are already on the right page about getting a mortgage from your local bank or a bank like US Bank as opposed to a mortgage broker. while you might feel more comfortable going to your own local bank .25+% over 30 years is a lot of money. you can find find a mortgage calculator on line somewhere that will break down the amortization for you.

Ive owned a home for 4 years now. my advice would be to lock in at the lower rate as long as you are comfortable with the bank. Good Luck!

please