Purchase price: 2.68m Option 1: 20% down, 3%, 30 year fixed from Fairway mortgage Option 2: 25% down, 2.75% ( might be able to do 2.65%), 30 year fixed from Wells Fargo household TC: 600k We have about 1m in stock, will use stock for down Both are on work visa
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2 if you can. If you have the 25% take a look at rates for a 20 year loan.
We can with selling the stock. Not sure if it worth it. If the stocks keep increasing like this, we might be regretting
Send the house link ?
Nope, sorry
Damn! DM ? I really wanna see what kinda home 2M can get
If you have 1M stock you can transfer to Wells Fargo for relationship discount which will knock it down to 2.25%. Ask your agent
TIL people still do business with WF
I don’t care what shady things they do as long as the rate is good. They can sell my SSN for all I care if it saves me 0.5% for 2M loan
How old are you OP? That’s very impressive savings. Which area are you buying. Congrats on home
This
Thanks, 35, start working at 30 with PhD, bay area. I don't want to give the zip code though
Go with option one .. keep remaining in stock ( stock might you better hike then paying 5% extra and saving only .25% ) .. also I think you can also try for other banks for better rates ..
Neither, you haven't provided the closing costs. And if there is better rate for Arm I would recommend arm for that amount of loan.
My point is decrease the interest portion in your EMI with better rate.
Go w option 2- lock down a lower fixed rate, and will not bother you no matter what happens w your TC. Stock can go up or down, you are already diversifying stocks into home equity which will also grow. Also stocks rsus will also keep coming.
Make it a poll
Done