It's okay that you feel "all over the place". That is perfectly normal as a first-time home buyer. You are very wise to ask questions. I'm glad you took my advice and called your lender.
If we can be of any further assistance, let us know.
And please come back and let us know when you have moved into your new home.
Best of luck.
Have you thought about a 7- 1 Arm Fixed Rate?
The Banks are FINALLY easing up.
Feel free to give us a call so we can speak confidentially.
All the Best John + Sheri RE/MAX 215-757-2889
When I qualify someone I do it at todays rates. Interest rates really have not moved up by 0.625% in the past few months so i am not sure why the pre-approval came in at such a low rate.
Yes if you are right up to the limit the interest rate can affect you qualification but it moves your numbers surprisingly less than you would think.
If I run inot that situation I try to buy the rate down a little or have a client pay off a credit card prior to application to make things go., In most situations we can make it work.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010
NMLS ID 143960
Rates change every day and in today's market the daily change is not very significant but a weekly or a monthly wait may cost you a .25-.75% as you can see yourself.
Are you working with a Real Estate agent to find a home? If you are not please call or email me and i will gladly work with you. You can also use my site for searching the latest listings: http://www.eRealtyFind.com
Realty Mark Cityscape
267 738 0886