Quick question about mortgage interest rates - Posted by IB (NJ)

import · November 30, 2000, 8:57am

Posted by dewCO on December 01, 2000 at 10:58:37:

For inteest rates it’s a negotiation process. Especially if you are a strong buyer. If you let them know you know what interest rates really are they will do one of 2 things: drop you like a hot potato because you will be a “problem” for them since they can’t jack up the interest rate and make more money for themselves; or they will negotiate with you.

import · November 30, 2000, 8:57am

Posted by IB (NJ) on November 30, 2000 at 09:57:12:

I’m buying one of my investment properties from my LLC. I had a buyer for it but he fell through at the last minute. So to cash out with money invested and profit, I’m thinking about buying the house myself at fmv. I’m also doing this because I don’t have the time to market the property and look for another buyer. Do you think this is the best think to do?

My question concerning interest rates is, if I go to owners.com and see the 30 yr. fixed rate at 7.746, how does that relate to the rate a mortgage company will give me (considering I have good credit)? Should I suspect the mort. company to give me a similar rate?

Thanks