Best Mortgage Interest Rate in Bay Area ( New home and Refinance )

Intuitive Surgical / Eng
kbSj81

Intuitive Surgical Eng

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Apr 7, 2018 12 Comments

If you in buying homes or multiple homes, what lender do you recommend bank or private lender or credit union and what interest rate are you averaging at ?

PS: Assuming credit score over 770, I agree there are lot of variables to it but lender with good interest rates or competitive rates if shared would be welcomed

@mortgage

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TOP 12 Comments
  • Amazon / Eng n0v
    With ideal credit, ltv, conventional loan, 20% down, 30yr fixed, owner occupied, 30d lock. Your best rate is 4.0% these days. But daily fluctuation can be 0.125-0.25 or higher, depending on the market. Trending up, but you can get down days. So maybe 3.875 or even 3.75 could be possible.
    Apr 7, 2018 3
    • Intuitive Surgical / Eng
      kbSj81

      Intuitive Surgical Eng

      BIO
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      OP
      I am looking for 5arm or 7arm
      Apr 7, 2018
    • Microsoft / Eng
      Nahyeah

      Microsoft Eng

      BIO
      Hate coding quizzes but studying hard for better future!
      Nahyeahmore
      4%? Isn’t the minimum 4.5% nowadays?
      Apr 8, 2018
    • Amazon / Eng n0v
      No, with a good mortgage broker, you can still get 4%
      Apr 8, 2018
  • Salesforce kcndb896r8
    Had a good experience with First Republic Bank
    Apr 7, 2018 0
  • Microsoft mspgk
    I always go through an independent mortgage broker who can match your situation and qualification scenario with the right product at the right bank..

    Very hard to compare rates since the market is volatile and another person might have locked it during a temporary dip or spike..

    And the rate may or may not include points - both types, negative points where you get credit to use towards closing costs and positive points where you are saying cash up front yo buy down the rate..

    So, better to compare the options for your situation in a given day at various banks than compare with another borrower..
    Apr 7, 2018 0
  • Citibank / Eng id 10 t
    That’s like asking where you can get the cheapest fuel. Look for a good lender, one you can trust. The rate is based on market conditions, not the bank.....unless you go to a mortgage broker. Then be prepared to get screwed.
    Apr 7, 2018 0
  • Intuitive Surgical / Eng
    kbSj81

    Intuitive Surgical Eng

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    OP
    I’ll check with first republic as well thanks
    Apr 8, 2018 0
  • Facebook public
    Lock rates asap if you plan to buy. Rates are going up weekly.
    Apr 7, 2018 0
  • Citibank / Eng id 10 t
    Hence the statement “one you can trust”. Take two trustworthy lenders, one from a primary lender vs a broker, primary lender wins all day. The bank IS the wholesaler. Where you you think the broker is going to get the money?? They don’t make money unless they repackage and sell to a GSE or sell on the open market. There’s a cost associated with that which is passed on to the borrower. Banks will absorb those costs because of the sheer volume. Brokers serve a purpose though. They serve clients considered too risky for a primary lender. Brokers are the alternative for alt-a and subprime credit clients. Banks won’t touch these clients.
    Apr 7, 2018 0
  • Microsoft mspgk
    The guy at your primary bank in main Street is peddling retail lending product with some commission on top.. brokers (the right ones with good referrals) get you wholesale products at the same bank..

    Also I usualy find the frontline lending officers strictly go by the book and are 9-5, poor customer support..

    But if you are a noob, it is probably safer and more comfortable to go with a lending officers at a bank..
    Apr 7, 2018 0
  • Citibank / Eng id 10 t
    Broker = middle man = additional costs. Go directly to the bank. Ideally your primary bank.
    Apr 7, 2018 0

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