Mortgage shopping strategy?
Nov 23, 2020
4 Comments
#mortgage #housing
Hello. I am about to get approval for a loan from builder’s mortgage company.
I am buying a townhome with 20% down and 550k loan.
I have locked into the rate through morty (quicken loan) for 2.75% (apr 2.76%). I do not plan to keep the same house for more that 5 years, so no point purchase here.
Anything that I should do to get better rate from builder’s finance company? They will through in 9k credit if I close with them.
comments
Expect the builder to charge a outrageous fee for points and give you a shitty rate from their inhouse finance arm, but if it works out against your external loan offers it works out.