Pre-Approval Loan Question

[Cal166]

Hey Guys,

Can anyone take a look over my pre-approval loan and see if everything looks normal with all the Fees that Wells Fargo states on there.

Thanks

http://pics.bbzzdd.com/users/Cal0205/GFE_Page_1.png

 

[joesmoke]

ill pre-approve you for a load... a huge one

 

[NFS4]

Default Pre-Approval Load Question

Don't blow your load all at once!

 

[Cal166]

There. Sorry for the typo.

 

[joesmoke]

Don't blow your load all at once!

srsly, the current rates may be hard to swallow

 

[Saga]

5%?

 

[Cdubneeddeal]

Damn..you have that much money to throw down?

Duh for me..that's the loan amount..

 

[Cal166]

5%?

Looking at bankrate.com, 5% is a average but I see better.

What other banks do you guys recommend?

 

[sjwaste]

Hey Guys,

Can anyone take a look over my pre-approval loan and see if everything looks normal with all the Fees that Wells Fargo states on there.

Thanks

http://pics.bbzzdd.com/users/Cal0205/GFE_Page_1.png

To be honest, the "underwriting fee" seems a little high. The appraisal fee is a little more than I've seen in my past (one mortgage, one refi) in the $3-400 range.

Also, they're not including your insurance premium(s) in the impounds to estimate the monthly payment. Make sure to add those in, most lenders are going to want that. Even if they don't, they're part of your monthly expenses.

I should add, US Bank is showing 4.875% with no points. That's incredibly good, we paid 0.25 discount points to get that rate back in March.

http://www.usbank.com/cgi_w/cfm/personal/products_and_services/mortgage/interest_rates.cfm

Call them and get a quote. If you already have the property, you can lock it on the spot.

 

[Saga]

Looking at bankrate.com, 5% is a average but I see better.

What other banks do you guys recommend?

Wow. I guess I haven't looked at the rates lately. I must have lucked out to get 3.1% a little under a year ago.

 

[JS80]

Looking at bankrate.com, 5% is a average but I see better.

What other banks do you guys recommend?

Try this http://www.zillow.com/mortgage

I got as low as 4.5% on an FHA for a $318,450 mortgage https://www.zillow.com/mortgage/QuotesReceived.htm?request=ZR-PWKZZPP

edit: it takes less than a minute to fill out and you don't have to log in or give any personal contact info.

 

[OCGuy]

Wow. I guess I haven't looked at the rates lately. I must have lucked out to get 3.1% a little under a year ago.

30 year fixed? Par rate? No.


@ OP....they are making a little off of you on the back end, but no problems there. They are doing that instead of charging you origination.