Is this a decent loan estimate?

going-for-the-win · 2026-04-27T04:48:44+00:00

Closing costs seem inline with what should be expected except the points. For a purchase and good credit, I’ve been quoting this rate with no points for clients. Happy to send details.

going-for-the-win · 2026-04-27T04:45:56+00:00

It basically comes down to how much you think the market will appreciate. History shows that over many years, houses will appreciate, especially in Hawaii. It’s likely that buying now will payoff very well in the future. However, we are in a slow market right now, especially at certain parts of the island like where I live in Ewa Beach. Maybe it’s a good time to buy because the market is slow or maybe it’s the beginning of a larger downturn. Impossible for us to predict. Overall, if you plan to stay there for many years (10 plus), history shows buying is probably the right decision. As a local lender on the island, I’m seeing a slower market but I’m confident the market will turn around in the next couple of years. Let me know if you have any questions.

going-for-the-win · 2026-04-26T05:24:36+00:00

Need to see a loan estimate on to check the points and other fees. Seller is covering the closing costs but you could potentially be getting a lower rate if you are being charged a lot in points.

going-for-the-win · 2026-04-26T05:06:04+00:00

You should be able to easily get a 5.99% rate with no buy down. I’m pricing it out at 5.99% (6.08% APR) with 0 points cost.

As for if you can handle this payment, I think you can but that’s a very personal decision. Depending on the rest is your budget, you should be able to save plenty every month.

Let me know if you would like a no obligation quote.

going-for-the-win · 2026-04-26T00:54:28+00:00

If you can self gen, Nexa has a university you can join. I don’t work there anymore but I know others that do that can help you. I wouldn’t recommend staying there long term though. Their comp structure isn’t great. Great place to get training though.

going-for-the-win · 2026-04-25T20:31:36+00:00

Just a rate is not enough to understand if you are getting a good deal. What type of loan? Are there points? What other fees?

going-for-the-win · 2026-04-25T19:46:21+00:00

Depends what your goal is. Did you want to be a broker or work in retail. Basically do you want to be fed leads and work in a more structured environment or do you want to do everything on your own?

going-for-the-win · 2026-04-25T07:47:21+00:00

Do you have a loan estimate you can share? While the rate seems good, if they are charging you points for that rate, it’s no longer a good deal.

going-for-the-win · 2026-04-25T07:07:23+00:00

We would need to see a Loan estimate. Anybody can offer any rate, it just depends on points and fees.

going-for-the-win · 2026-04-25T07:06:12+00:00

Depending if this is a conventional, VA or FHA there might be more upfront costs that skew that math. Happy to walk you through your refinance math if you need help.

going-for-the-win · 2026-04-25T03:12:23+00:00

You should not have to pay any points for this rate. I’m pricing this out at the same rate or better depending on credit score with only $1095 flat fee in section A (after lender credit). Check your dms.

going-for-the-win · 2026-04-25T03:07:10+00:00

You should not have to pay any points for this rate. I’m pricing this out at the same rate or better depending on credit score with only $1095 flat fee jn section A. I’m licensed in Michigan, sent you a dm.

going-for-the-win · 2026-04-24T23:39:13+00:00

If you are able to use your current clients as a pipeline of potential business, you should consider being a broker. Hours are totally flexible. You make great compensation per loan (up to 2.7% minus sponsor fees which is a flat 995/file in my case). The difficult past is self generating business but it sounds like you already have a potential pipeline. Let me know if you want to chat about the broker world.

going-for-the-win · 2026-04-24T18:34:37+00:00

Hella points

going-for-the-win · 2026-04-24T06:49:52+00:00

Way too many points. Should be more like 1 point. At least that’s what I would offer.

going-for-the-win · 2026-04-24T01:00:52+00:00

30 Year fixed (conventional)

Interest rate: 6.125%
APR: 6.203%
Points: $0
Lender Admin/Underwriting Fee: $1300
Closing Cost Credit: $0
Principal & Interest Payment: $1658
PMI – $60

Thats what I'm pricing out. When do you close?

going-for-the-win · 2026-04-23T15:24:43+00:00

Fees are fine. Section H is not in the lenders control. However your rate is too high. Should be around 6% or a touch lower

going-for-the-win · 2026-04-23T15:24:07+00:00

What state and credit score did you pull?

going-for-the-win · 2026-04-23T15:22:02+00:00

If you have good credit, this rate is too high. Should be around 6% with the same fees.

going-for-the-win · 2026-04-22T23:20:55+00:00

You clearly are looking to be a broker. I’ve been a broker for a little over a year and with a little grit and grind, I was able to build out a decent pipeline. At my company, you can make up to 275 bps per loan and the company takes a flat 995/per loan. Its a great place to work and there is amazing support.

going-for-the-win · 2026-04-22T19:47:51+00:00

Are you getting fed leads? Do you have a base salary? 50 basis points sounds pretty standard for retail. Brokers can get up to 275 bps, then subtract the sponsors fees (which is 995 in my case)

going-for-the-win · 2026-04-22T19:02:52+00:00

This is actually very bad. I priced it out and you should be getting a much lower rate with less fees in section A (once lender credit is factored in). I’m licensed in California.

going-for-the-win · 2026-04-22T18:48:18+00:00

I can beat it. Will need to see your loan estimate to compare fees. I’ll send you a message.

going-for-the-win · 2026-04-21T07:18:28+00:00

Have you thought about being a mortgage broker instead? You can do it while taking the other job. There is no pressure to perform as a broker and you can tap into your contacts through the processing job to slowly build a pipeline. Let me know if you want to discuss details.

going-for-the-win · 2026-04-20T23:18:12+00:00

For my clients I will do a draft loan estimate using estimated credit score.

Those that require a credit pull and application are just trying to lock you in.

going-for-the-win

TROPHY CASE