Financing in Essex : Advice

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Andrew Adams, Real Estate Pro in 01915
Andrew Adams answered:
I am currently trying to streamline my FHA loan to a lower interest rate. I was locked in at 5%. I was to
No it doesn't.

You can probably get 5% with 1 point in todays market. To pay 3% for something you can get for 1% is nuts!

Why has the lender not been able to perform?
0 votes Share Flag Thu Jun 25, 2009 Financing in Essex
Lori Lewis, Real Estate Pro in Bethlehem, PA
Lori Lewis answered:
Float or Lock?
I would personally take the 5.5% and run! You are closing in 11 days. If you were closing in Jan or Feb I would think about waiting, but 5.5% with ZERO point is a great rate!!
0 votes Share Flag Wed Apr 8, 2009 Financing in Essex
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