Anybody in the same boat and got better rates than below. I am refinancing home loan. This is the terms I got. Presently I have Jumbo loan with WF.
Fixed loan 30 yr Jumbo loan - 4%
7/1 arm - 3.5%
No closing cost.(Appraisal will be refunded after closing)
These rates are from Googain who will be initial lender. Lender may change after closing.
PM me and I can share the lender POC.
- Facebook idekStoryIs there a big difference between refinance and first time closing in terms of rates?
- 4% is pretty good for refi. Have you checked with the large banks? They may give you a better rate if you have a large deposit with them
- HSBC is currently showing rates as low as 3.718% for a 30yr fixed jumbo loan of $2MM with 35% down. This is for their Deluxe mortgage product which requires $75k in deposits/investments with them. Not sure what their rates on refi are but can probably assume that they’d be at least 0.1% higher.
- New DuQvV7xI’m skeptical that this is doable.
Look closely at the fine print, buy downs etc.
If those are all clean, lock this up on Monday. We are always one tweet away from rate disruption.
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