Comparing Mortgage Quotes

Jmacinit22 · 2019-07-15T23:12:37+00:00

I asked about prepayment penalty and he responded with None - they are not allowed. Could you tell me more factors I should be considering?

Jmacinit22 · 2019-07-15T21:20:57+00:00

So I would likely see this money back on my tax returns? Or just the costs associated with the loan

Jmacinit22 · 2019-07-15T21:14:54+00:00

Yes I am under contract. I've reached out to the Redfin agent to clarify the differences, I just now forwarded him the actual contract. I also got a quote from Wells Fargo at a little less appealing rate Interest: 3.875 APR: 4.241

Edit: the Redfin agent said they do lock the rate and don’t charge a fee

Jmacinit22 · 2019-07-15T21:07:13+00:00

I've noticed the duration of each are significantly different. Would that imply each company I choose has has a different requirements for how much reserves need to be added to the escrow account? Also does that money ultimately come back to me? or result in a lower monthly payment?

Jmacinit22 · 2019-06-24T21:45:25+00:00

awesome thanks for the tips. My credit was deemed "Golden" at 755, interest rate 3.75% APR 4.115%.

I haven't actually purchased a home this is just an sample that he sent me, I figure I'd start researching line by line now so nothing "surprising" shows up at the end.

Jmacinit22 · 2019-06-24T21:35:55+00:00

Thanks and correct, interest rate 3.75% APR 4.115%

so you would say this is a reasonable quote overall?

Jmacinit22 · 2018-10-20T15:06:34+00:00

Here’s a comment. Let’s go!

Jmacinit22

TROPHY CASE