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That is incredible. Can you please share the lender or loan company you are getting such amazing rates with???
How did you get such an incredible low rate?
Frankly, when I see people post such amazing rates, it makes me angry...because I call multiple lenders and none of them can touch this rate...it really makes me wonder how it is possible.
Please share details with us.
I'm the lender. The call is coming from inside the house!
I was just quoted 2.5% 30yr over the weekend. The APR came to 2.63. Not a first time home buyer. 800+FICO, solid W2 income.
This was through a mortgage broker and the servicer was Pennymac.
Hello, Sorry about not posting back earlier. So I think most lenders are capped out at 2.70 in order to make any money even after UWM conquest. I figured this after getting quotes and talking with about 6 lenders including 2 brokers. And I think I'm getting a hang of it now. I still don't have much knowledge about the closing day but that is for another day.
Thank you and happy shopping.
PS: The updated quotes that I received still caps at 2.75 with about $500 lender credit and no fees.
jmw51882 and pfhtex, you guys are getting a great deal. If you don't mind, please PM me your boker/lender info. I may venture out.
Hello, Sorry about not posting back earlier. So I think most lenders are capped out at 2.70 in order to make any money even after UWM conquest. I figured this after getting quotes and talking with about 6 lenders including 2 brokers. And I think I'm getting a hang of it now. I still don't have much knowledge about the closing day but that is for another day.
Thank you and happy shopping.
PS: The updated quotes that I received still caps at 2.75 with about $500 lender credit and no fees.
jmw51882 and pfhtex, you guys are getting a great deal. If you don't mind, please PM me your boker/lender info. I may venture out.
All I can tell you about my mortgage guy is that he's really smart and really, really good looking.
all i can tell you about my mortgage guy is that he's really smart and really, really good looking.
:d
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