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bump for good thread <img src="i/expressions/face-icon-small-smile.gif"border=0>

Deleted - meant to post reply to another thread. Darn you, alt-tab!

This is another excellent FAQ thread - please review, and ask your common RE questions in this thread rather than "re-inventing the wheel" endlessly making new discussion threads on the same issues.

Great FAQ's. I would like to see this one stay at the top....

roamerr said:

<< Great FAQ's. I would like to see this one stay at the top.... >>

all the FAQs on various financial topics are stickied as the top thread in this forum...

I have been trying to reply to thread "Buying a home and dont want to pay points or lender fees??" since long time.
I can not PM SUCKISSTAPLES so I am posting question about this thread here until somebody reactivates the thread or starts a new one.

Original thread was posted almost 2 yrs ago but concept should still be valid as long as there are lenders giving no prepenalty loans and lot of rebate points. I am in market for a new home (first time buyer) and want to do this.

My house will be in $250 range and I have $100K available for house. I think I can do 3B mentioned in this thread.

Somebody please post a deal with first lender and second lender info. This should be hot if people are doing it successfully.


Jada, thanks for your interest in that thread..it cannot be reactivated (it has been archived). The rebate point lender I worked with in the old thread will no longer rebate more than closing costs, so you can either find one that does, or use a "no cost" lender then refi with a lower rate HEL. First Horizon, Fleet and Union bank all offer good HELs (and all have their own threads you can find by searching this forum).

No cost/rebate point lenders are listed in the old thread, and also include bofi.com, paylessloans.com, etradebank.com and many many others.

The way most financial/lending deals appear in this forum is someone comes across a deal and then SHARES with others. No one actually goes searching for lenders for other people...this would be impossible anyway, since others arent in the same area as you, will have different property/credit profiles, etc.

To find a lender offering a larger rebate than total closing costs, youre going to have to get on the phones, and into brokers ,and lenders, and bank offices YOURSELF to find the lenders in your area that will give you the rebate points you need....If you arent willing to do the work, youll never find the deals....

If you do find some good lenders, come back here to FW and SHARE your find by posting a new thread so others can benefit from it!

Yesterday in WSJ:

Web Watch: Repo, Man
Real-estate prices may still be high, but you might find a bargain when the government auctions off seized properties. The key is timing, and several Web sites carry listings that help to monitor the market. One site, PoliceAuctions.com, follows auction information from the IRS, Customs, DEA and police agencies for real estate, as well as cars and boats. The site has a free membership that limits users to nongovernment auction listings, but otherwise it costs $7.95 a month, or $39.95 a year. Another site, Govt-auctions.com, provides a large database of names, addresses, contact numbers and Web sites for government agencies that hold seized property auctions. Cost: just under $30 (one-time fee).

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