• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Question for homeowners... how's this mortgage rate for 5-year ARM?

Are you posting to brag? Otherwise, why do you ask when the question should be obvious? My Jumbo and Alt-A rate sheets show 4.625% (4.675% is not a valid rate) as below lender par, meaning that points would normally be required.
Who is the lender?
 
Originally posted by: Vic
Are you posting to brag? Otherwise, why do you ask when the question should be obvious? My Jumbo and Alt-A rate sheets show 4.625% (4.675% is not a valid rate) as below lender par, meaning that points would normally be required.
Who is the lender?
Click to expand...

No I'm not posting to brag... I'm a naive first-time buyer.

I haven't gone to any other lender, so I really don't know. I was referred to one that my coworkers went to

Edit: oops, it is indeed 4.625%
 
Originally posted by: calbear2000
No I'm not posting to brag... I'm a naive first-time buyer.

I haven't gone to any other lender, so I really don't know. I was referred to one that my coworkers went to, which is called BayCal Financial in Santa Clara.
Click to expand...
Hmm.... I'd say that you're getting lucky then. Go for it. Just make sure you get your Good Faith Estimate quickly, lock quickly, close quickly, and make sure they don't play games or change the figures.

$560k for a 1st-time homebuyer though... :Q California is nuts. 😛
 
Originally posted by: Vic
Originally posted by: calbear2000
No I'm not posting to brag... I'm a naive first-time buyer.

I haven't gone to any other lender, so I really don't know. I was referred to one that my coworkers went to
Click to expand...
Hmm.... I'd say that you're getting lucky then. Go for it. Just make sure you get your Good Faith Estimate quickly, lock quickly, close quickly, and make sure they don't play games or change the figures.

$560k for a 1st-time homebuyer though... :Q California is nuts. 😛
Click to expand...

Actually I'm the one whose nuts 🙂

I just did a search... seems like you're a mortgage guru Vic... thanks for the advice. I may PM you for more questions if you don't mind...


 
You must log in or register to reply here.

TRENDING THREADS

Back
Top