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Old 05-08-2015, 05:15 PM
 
21 posts, read 15,675 times
Reputation: 16

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Check zillow mortgages. 3.5% with lending fees covered.

Last week I refi'd for 3.375% on a jumbo.
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Old 05-08-2015, 11:56 PM
 
24 posts, read 18,342 times
Reputation: 26
3.75% 30 Year Fixed , Zero Points
$500,000 home
20% Down
Nassau County, NY through Credit Union. Best Banks were doing is 4.125% with higher closing costs.
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Old 05-11-2015, 12:17 PM
 
Location: MA
1,172 posts, read 542,600 times
Reputation: 657
I was quoted 3.75%, 0 points by BOA for a 30 yr fixed FHA with 10% down. House 500K

But take my advice, stay away from BOA.

Go to a smaller lender.
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Old 05-11-2015, 03:25 PM
 
Location: Durham NC
1,126 posts, read 1,181,383 times
Reputation: 869
Penfed is 3.625 with a 1% origination fee. 60 day lock not sure if you could push the paperwork through in time though. Maybe.
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Old 05-12-2015, 08:05 AM
 
Location: Phoenix, AZ > Raleigh, NC
14,328 posts, read 17,552,973 times
Reputation: 22170
Quote:
Originally Posted by innuen6o View Post
Check zillow mortgages. 3.5% with lending fees covered.

Last week I refi'd for 3.375% on a jumbo.
Zillow doesn't do mortgages. They sell the leads (your name, address, email, etc) to a lender in your area.
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Old 05-15-2015, 06:06 AM
 
Location: MID ATLANTIC
7,606 posts, read 17,658,297 times
Reputation: 8099
Quote:
Originally Posted by urbanplann View Post
3.75% 30 Year Fixed , Zero Points
$500,000 home
20% Down
Nassau County, NY through Credit Union. Best Banks were doing is 4.125% with higher closing costs.
Lenders with the lowest rates typically do not have to advertise. For three weeks in February I felt like I should be doing more volume, so I invested in live advertising on Bankrate, while maintaining my regular marketing announcements. My phone has rung off the hook from February 10th thru today. Don't misunderstand my post, I am immensely grateful for the business I have received. When taking those calls, I showed callers where my rates are posted on our website. And those callers have shown someone, and the next one has shown someone, and word of mouth has caught on fire. Everyday, I get a "friend of" phone call. (Not to mention I have 4 loan officers at competing companies in my pipeline).

My point is this - those with low rates may not be front and center - until February, no one had ever taken out an advertisement where I am at, there was no need. As a credit union, we are non profit, so members get the lowest rate we can offer. Think about that for a minute.....profits not allowed. It took a good bit for this to sink through my thick skull.

The more I find out about credit unions, the more I recommend you check them out. The list of positives is quit compelling (such as lower mortgage insurance rates)....almost all of them improving your bottom line. And many CU are open access, meaning anyone can join. Average savings have been running $100 a month. You want name recognition? Okay, be prepared to pay more and treated like cattle. That is where I used to work until I couldn't take it any more.
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Old 05-18-2015, 08:23 AM
 
Location: Southern California
4,350 posts, read 4,946,133 times
Reputation: 2129
Quote:
Originally Posted by iama30something View Post
Broker.

The difference in monthly payments was $29.

$2225 / $29 month = 76.72 months (6.4 years)
Look at the remaining balance.
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