Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 01845 : Real Estate Advice

  • All27
  • Local Info0
  • Home Buying15
  • Home Selling2
  • Market Conditions0

Activity 3
Thu Aug 25, 2011
George Raymondo answered:
You should consider these major two factors when shopping for a home loan regarding APR

1.) What is my interest rate?

2.) What are my lender fees?

My company has a policy to offer par pricing (which happens to be currently 4.250% for your scenario) and a flat fee for lender charges. We charge $1,590.00 which are etched in stone. That's how you should be looking at it. APR is a little misleading, as we have to list fees on our GFE and Truth in Lending that we really don't know for sure until close to the end. So APR can vary. You should shop rate and lender's fee on not APR.

Just a thought

Just my opinion
... more
0 votes 3 answers Share Flag
Sat Aug 20, 2011
Ron Thomas answered:
Mon Jul 25, 2011
KALPESH PARIKH answered:
Pl provide additional loan info, 1) Is this conventional or FHA? 2) Single family residence or Condo? 3) FICO 740+ or less 4) LTV 75% or more 5) Is this Purchase, Refi or Cash out? 6) Rate lock period. The rates are as low as 3.5% without any points. Pl call us to learn more? Thanks. KJ ... more
0 votes 3 answers Share Flag
Search Advice
Search

Followers

162