Posted on: 10th Nov, 2010 09:30 am
My mid score just went up to 632, so I got hits from LendingTree.
I'm getting quoted a 4.375% 30 yr fixed w/no points and no origination fees, which seems rather generous for a 632, no?
Guy is ready to send me a good faith estimate of costs - what 'surprises' should I expect to find on there?
As a 1st time HB with marginal scores (but great income-to-debt, loan-to-value, 20% down) I've got my eyes out for being taken adv of. Helpful advice is appreciated.
I'm getting quoted a 4.375% 30 yr fixed w/no points and no origination fees, which seems rather generous for a 632, no?
Guy is ready to send me a good faith estimate of costs - what 'surprises' should I expect to find on there?
As a 1st time HB with marginal scores (but great income-to-debt, loan-to-value, 20% down) I've got my eyes out for being taken adv of. Helpful advice is appreciated.
Hi cringle!
Welcome to forums!
If you wish you can tell the lender that you want to pay points in order to prepay some of your mortgage amount. If the lender agrees to it, then you can pay points. You should read through the mortgage documents before you sign on them and check out the Good Faith Estimate carefully in order to check out whether or not he is charging something extra. You should contact the lender and clarify each and every doubt to remain on the safe side.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you wish you can tell the lender that you want to pay points in order to prepay some of your mortgage amount. If the lender agrees to it, then you can pay points. You should read through the mortgage documents before you sign on them and check out the Good Faith Estimate carefully in order to check out whether or not he is charging something extra. You should contact the lender and clarify each and every doubt to remain on the safe side.
Feel free to ask if you've further queries.
Sussane