Float or Lock

[Anonymous]

I am due to go to settlement on a new construction home at the end of October.  Scores are 658, 664, 710.  Should I lock at 6.375 or take my chance and float.  1% fee on 390k loan.  Have some disputes into CRA's to remove 4 year old late payments and would like to make one more payment on credit cards before settlement.  Just PIF'd one card and can PIF one more.

[Tuscani]

I would lock in.

[Anonymous]

If you don't lock it I'm going to ask you to share whatever you're on! Must be some good stuff!!

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Jaust39 wrote:

I am due to go to settlement on a new construction home at the end of October.  Scores are 658, 664, 710.  Should I lock at 6.375 or take my chance and float.  1% fee on 390k loan.  Have some disputes into CRA's to remove 4 year old late payments and would like to make one more payment on credit cards before settlement.  Just PIF'd one card and can PIF one more.

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[Anonymous]

I didn't take your advice on 9/20 and locked on 10/1 at 6.25. 

P.S.  I ain't smoking nothing.

[Anonymous]

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@Anonymous wrote:

I didn't take your advice on 9/20 and locked on 10/1 at 6.25.

P.S. I ain't smoking nothing.

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Nice job:

Total interest 6.38 30 Year total interest 486,372 payment 2,434

Total interest 6.25 30 Year total interest 474,466 payment 2,401