Hi Paul -call Wells Fargo - they are a local bank, office in White Plains, we don't use anyone else!

Noreen & Wayne, Associate Brokers
Better Homes & Gardens Rand Realty
914-406-5291

I've got it priced at 5.125% with no points or origination fees and 4.875 with .75% in discount points. There are some slight pricing adjustments based on the end loan-to-value and credit score but that should at least give me a starting point. You are welcome to contact me if you have any questions.

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com

One more thing that impacts your rate is your credit score. If over 700 and you are putting down 20%, you should get a great rate, like low to mid 5's. But if you are only putting down 3.5% and have a score less than 700, expect to pay closer to 6% and points on the deal.

Since you have a great score, if you can put down a large payment, you can not only get a house at a great price, but also get terrific terms on your loan.

A buyer like you is a dream to a seller and agent like myself. Need help, let me know.

-Cathy

Hi Paul - are you working with an Agent? It sounds like you haven't talked with a Mortgage consultant. We use Wells Fargo - they were here before the big mess and will be for a long time after. Their rates are very competitive. Feel free to give Matt Fiorello a call 914-433-5756. If you haven't found your home yet, feel free to search on http://www.YourHouseListingBook.com - it's free - just need your email to register. My husband & I are full time agents and live in the area. We are here to help.

Noreen & Wayne, Associate Brokers
Better Homes & Gardens Rand Realty
914-406-5291

Paul,

Tough to answer the question accurately without know the loan-to-value (LTV), but I'll create a scenario for you here for your reference and if you need more detail just get in touch:

Estimated Value: $500,000
Loan Amount: $400,000
Purchase or Rate/Term Refinance
Loan Program: 30-Year Fixed
Interest Rate: 4.875% at 0 points
Payment: $2116.83

Thank you!

Rob Spinosa
rspinosa@mortgagemasterinc.com