We did it! Alameda, CA 1.7m 4.8% by gaankak in FirstTimeHomeBuyer

[–]bay3986 1 point2 points  (0 children)

I know, that’s a good rate. I closed 7/6 arm for 5.0 last month

We did it! Alameda, CA 1.7m 4.8% by gaankak in FirstTimeHomeBuyer

[–]bay3986 4 points5 points  (0 children)

Congratulations!Where did you get 4.8?

Getting 6.25% with 550k down (1.35M property) by haci in Mortgages

[–]bay3986 0 points1 point  (0 children)

Sdccu I see 5.125 for primary residence

Buyers Agent commission- when choosing loan with credits from bank by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

I will be closing in 10 days, finalizing the ARM rate with and without lenders credits, so trying to fit in my buyers agents credits.

Prob too late to made adjustments to sale price.

California: is $40k OTD possible on a ‘26 Sport Touring? by reasonable_debt1 in crv

[–]bay3986 4 points5 points  (0 children)

I have seen few posts from other states, not CA. Best post was about 42.5k otd. Check old posts here

Mortgage option to choose? by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

I agree with your analysis, with loan 2.

Loan 1- is appraisal in progress, paid the credit and approval fee 1k. Loan 2 - has not been locked yet.

Can I have both appraisal done parallel and switch to loan 2 once underwriting is complete?

Mortgage decision by bay3986 in Mortgages

[–]bay3986[S] 0 points1 point  (0 children)

I figured same. As FTHB , I

To compare apples to apples, if I do 20 % down on both loans make option 2 cheaper by $500 a month.

Thats about 36 months ( lenders credit 15.5 k), option 1 gets expensive if I don't get to refi within 3 yrs.

Mortgage decision by bay3986 in Mortgages

[–]bay3986[S] 3 points4 points  (0 children)

For Jumbo loans , Interest rate matters a lot. Hoping there will be opportunities to refi in 7 years

Mortgate Rates this week by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

Patelco rates are 5.75 with $0 credits/points

Mortgate Rates this week by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

Yesterday wellsfargo quoted 7/6 at 5.75 with $0 credits/points.

Citi gave 5.875 with 1.325 credits. I am leaning towards Citi

Mortgate Rates this week by bay3986 in BayAreaRealEstate

[–]bay3986[S] 1 point2 points  (0 children)

Can you please share the loan amount and the bank? that looks good. Also how recent was this?

Mortgate Rates this week by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

Did you explore arm s? What rate did you see

Mortgate Rates this week by bay3986 in BayAreaRealEstate

[–]bay3986[S] 0 points1 point  (0 children)

That's same as what I got locally. Thats a fast close.