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Answers (4)
- Joe Cafiero, "Joe Cafiero"
- Contributions:3221
Som99.. What are the perameters of your loan and what is your credit score. On the surface those rates seem very high unless you are buying an investment property or your credit scores are low.
- lynrosect
- Contributions:129
Yes anyone can say anything, but I checked with my mortgage broker who I closed with in March. Here he is still quoting the rate I got. 4.75 (0pts) fixed 30 year.
Just because someone is not a "confirmed lender" on Zillow does not mean they lack the intelligence to figure out a rate is too high. Geeesh, sometimes this forum is more about bankers, realtors, etc trying to make a buck then about actually helping people.
In any event, search around. Make the bankers fight for your business because you desire and deserve the best rate you can possibly get!
Lotsa luck!
Just because someone is not a "confirmed lender" on Zillow does not mean they lack the intelligence to figure out a rate is too high. Geeesh, sometimes this forum is more about bankers, realtors, etc trying to make a buck then about actually helping people.
In any event, search around. Make the bankers fight for your business because you desire and deserve the best rate you can possibly get!
Lotsa luck!
- Fred Chamberlin, "Eugeneloanguy"
- Contributions:8
The answer to this question is, What are your plans? The longer you plan on being in the home, the lower interest rate and higher costs will generally make sense. What you need to do the get together with your loan consultant and work out the various rates and fees and see where your "break even" point is. As far as the comment below, unless he is a lender and prepared to offer this rate to you on the spot, anyone can say anything they want about rates, that doesn't make them true.
Find a loan consultant that you can work with and will take the time to explain the different options. In a lot of cases, if you have short term plans, a intermediate ARM may be the best choice. Don't just go forward with blinders. Be open to options.
Find a loan consultant that you can work with and will take the time to explain the different options. In a lot of cases, if you have short term plans, a intermediate ARM may be the best choice. Don't just go forward with blinders. Be open to options.
- lynrosect
- Contributions:129
All of those rates seem high. You can get a 30 year fixed for 4.75% (0pts) depending upon your credit. Try placing a quote request on the Mortgage Page.
What's the best rate on a 330K loan? 5%(1.1.25pts); 5.125%(.875pts); 5.25%(0pts)?
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