I have the 20% downpayment and good credit. This will be my first home purchase.
What banks would you all recommend for getting the best rates?
Does it make sense to take a 401k loan when I can manage the downpayment through other sources?
Update: after shopping around with 4-5 banks, 7/1 - 2.85-3.25%, 10/1 - 3-3.4%, fixed -3.4-3.8%. All 30 year term with 0 points. Some have credits towards closing.
what is 7/1 and 10/1? and what is 0 points?
what's the downside/upside of not going fixed rate?