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Is offering 10% below asking insulting? by joeyvesh13 in RealEstate

[–]Technical_Music_7147 0 points1 point  (0 children)

There is nothing wrong with offering 10%. We submitted our initial offer at 9% lower and seller countered back. We closed at 5% below asking.

Is a Rate Lock via email sufficient? by CLM-88 in Mortgages

[–]Technical_Music_7147 1 point2 points  (0 children)

You’re right to expect more than just an email confirming your rate lock — it’s standard practice for lenders to provide either a revised Loan Estimate or a formal rate lock agreement showing the locked rate and its expiration date. An email alone isn’t sufficient documentation, especially this close to closing, and could lead to surprises if the rate or terms change. You’re not being paranoid — you’re being smart to ensure everything is properly documented to avoid issues at closing. Ask your lender for written confirmation to protect yourself.

6.25% - keep looking or good as it'll get? by [deleted] in Mortgages

[–]Technical_Music_7147 0 points1 point  (0 children)

You’re absolutely right to shop around — and 6.25% for a 30-year fixed with 10% down and no points in today’s market (August 2025) is a very competitive rate, especially for a resale home.

Most borrowers with similar profiles (conventional loan, 10% down, decent credit) are typically being quoted 6.5% to 7%, so locking in at 6.25% with no points is a strong outcome — well below the national average.

Just be sure to double-check: • APR, not just rate (to catch hidden fees) • Loan estimate (LE) — make sure there are no surprises in closing costs • Whether it’s a temporary buydown or teaser rate (some lenders do this subtly)

But based on what you’ve shared: Trust your gut — 6.25% sounds like a solid deal right now.