Mortgage comparison
Wells Fargo vs PNC Which is better? Both offer 3.5% I think well fargo said they have $0 relationship cost, which I don’t know what that means. PNC said credit of $1000 towards closing cost.
Look at closing cost and EMI payments. Looking at interest alone is a very novice way of looking at it.
The interest rate depends on your tri-merge credit bureau or FICO score. Look at the closing cost breakdown and the associated APR, but good luck comparing the two. The 1k closing cost credit is frankly deceptive. There are other variables like do you care about the servicer they have, or if they sell your loan. Then there is the online e-application experience. I recently did a refi with similar parameters to yours, better credit terms, but still could not figure out how to compare the breakdowns ... good luck
Considering Wells Fargo’s well documented history of fucking over customers at every opportunity, I wouldn’t go near them with a 20 foot pole.
Go with Wells. They have a good Mortgage operation so there will not be any delays etc because of missed paperwork.
Utilize a good mortgage broker who shops the lenders in the market for your best terms
Agreed - I wouldn’t touch Wells Fargo. Go with PNC.
Look at apr, and closing costs. Without these two you will not be able to compare. Also, check prepayment penalties and escrow fees in case you want banks to pay property taxes.
3.5% on what? New/refi, fixed vs ARM, conforming/nonconforming, years, investment vs main..
And look at apr not just interest rate
Opps, its 30yr fixed jumbo. First time home buyer, 3.5 interest rate, 3.51 apr. i ‘m a newbie