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Marilyn Gibbons

Premier Agent

14 Recent Sales (last 12 months)

Real Estate Agent

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Staging

Advice

  • (2 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

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Are we getting a good mortgage rate?

Answer

As a former mortgage banker and a real estate agent I can tell you if you need the $2,700 for closing then that is your answer.  If you have the $2,700 then go with the 4.19.  Ask for the closing costs on each loan.  Have the lender explain the APR?  Annual Percentage Rate.  Closing costs are considered part of the APR. 

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