Mortgage Loans

[wegrew]

Using a local mortgage broker, offer on house in NH is $195k w/ 5% down. All clear so far, and figured I would just get some feeback on the rate. Which is 3.5% for 30 years.

My latest TransUnion on myFICO dated 12/02/2012 is 804. My wife's 801. The broker saw slightly higher scores, like 807 or something.

3.5% a good rate?

Thanks

[JM-AM]

Depending on when you plan to close. Rates went up to 3.5. So as of today it is a good deal.

[wegrew]

before end of Jan is the goal, real estate agent put "Jan 28th or sooner" on the offer.

Considering I'm only putting 5% down, I fig 3.5% is in line, but always worth an opinion or two

Thanks.

[DallasLoanGuy]

we cannot comment on rate or fees without knowing BOTH.

rates and lender fees go hand in hand

[wegrew]

Fees:

Lender Fee: $990.00
Appraisal: $450.00
Attorney Fees: $850.00
Owner's Title Insurance: $490.00
Lender's Title Insurance: $465.00
Credit and Flood: $10.00
Transfer Taxes: $1,462.50
Government Recording Fees: $450.00

Credits:

Lender's Credit: $2000

Confucious.... lol.... who's that?

Jack... relax
Get busy with the facts
No zodiacs or almanacs
No maniacs in polyester slacks
Just the facts
Gonna kick some gluteus max
It's a parallax... you dig?
You move around
The small gets big
It's a rig
It's action... reaction
Random interaction
So who's afraid
Of a little abstraction?
Can't get no satisfaction
From the facts?
You better run, homeboy
That's a fact from Nome to Rome

-- RUSH, Roll The Bones, Roll The Bones

[DallasLoanGuy]

with only $990 in lender fees, 3.5% is a smokin' deal....

can you still get it?

[webhopper]

That seems like a pretty hot deal to me... jump on it!

[wegrew]

Locked it in on Monday  

Had the option to go 3.375%, but no lender credit. Gonna need a few things, so $2k back at closing will come in handy.

Thanks everyone, and Happy New Year!!!