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Old 04-18-2008, 03:28 PM
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Quote:
Originally Posted by renriq02 View Post
she's making at least 4-5 points front/back
I'm sorry-I don't know what that means. Is she scr$wing me over?
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Old 04-18-2008, 03:30 PM
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sometimes this is the best rate they can offer....so it wouldnt be that they're screwing you over.

1 point is equal to 1% of the loan amount

177k times 4points is $7080.
If the rate was 6%..and 0.5% origination fee...then the lender is making
about 1.5%. $2655



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Originally Posted by mrshvo View Post
I'm sorry-I don't know what that means. Is she scr$wing me over?
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Old 04-19-2008, 03:36 PM
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Theres never a final rate at anytime rates change every hour of every day there no such thing as a final approval F.Y.I.
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