▲ 14 r/MortgageRateCheck
First time homeowner, how did we do ?
Buying a new construction home. Sale price is $764k, putting 25% down. The builder is giving a $15k lender credit with their preferred lender, which can be applied toward closing costs and/or a rate buydown. The lender is offering 6.125% with 2.25 points (about $12.9k in discount points). Both my partner and I have a credit score of above 790
Does this Loan Estimate look reasonable? Would you pay 2.25 points for this rate, or try to negotiate for a higher rate with fewer/no points? Any other fees that stand out or look unusually high?
Thanks
u/Gamergem0124 — 6 days ago