Financing in Los Angeles>Question Details

palmer, Home Buyer in Los Angeles, CA

I got Harp. should i look for better deal?

Asked by palmer, Los Angeles, CA Wed Sep 26, 2012

I got a HARP refi approved at 4% with WF. The loan will be $390,600 and the appraisal came in at $380,000. Closing cost - $2500 which will be rolled into the loan.
My credit score was barely above 700.
I also had a 2nd loan that I settled. WF had no problem with that.

Should I look around for a better deal?

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carlos parrague’s answer
On a HARP you are only allowed 105% of appraised value to loan. by the time you add your closing costs you will be pretty close to that. What better deal can you get? What was the interest rate?
0 votes Thank Flag Link Wed Sep 26, 2012
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