Asked by kari89virgo, Somerset, NJ • Mon Dec 9, 2013
My loan amount is $110,000 for 30 years and interest rate 4.750. It is a conventional loan through Weichert Financial. I am putting down 20% of the purchase price which is $137,400. I am receiving a $6,400 in seller's concession which will go toward closing costs. My closing costs will be about $6,700. I was talking to a couple of collegues which said they thought I could get a lower interest rate and they said they weren't sure I had such a great deal. But I am a week a away from closing. Does this sound like a good deal? The home I am buying is a single family home ,2 (potential 3) bedroom 1 bath in somerset NJ.
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