Hey fam, I’m looking to shop for lenders as a first time home owner and we just entered into contract with a 30day escrow closing period starting today. Looking to finance from BoFa and wondering if they can close it within the timeframe, wondering if anyone has experience with them?
This is in the Bay Area Single family home, and a certain mortgage broker tried to scare me that the big banks won’t close on time, because it’s a flipped property I’m buying.
Note: the 90 day flip rule has passed two days before we entered into contract. Reason I’m going with bofa is because their interest rates are way better than this small mortgage broker who’s giving me shitty rates and threatening me that they will pull out of my loan thing if I shop around. WTF.
Please advice. Wondering if Bofa can close on time is what I’m thinking about.
Fwiw:
2.65 at bofa vs 3.2 @ mortgage broker
For 30yr fixed. Not looking for ARM but
2.0 @ bofa vs 2.35 @ broker
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