u/kurtistoledo

Image 1 — These rates are insane right now.
Image 2 — These rates are insane right now.

These rates are insane right now.

I’m a first time home buyer going FHA in Chicago. Idk how to process these rates at the moment. I was trying to stay under a certain number for my mortgage. The loan officer did say if I can buy my rate down which will cost an extra $7k. I’ve also been awarded DPA which doesn’t give me flexibility to refinance within the first 5 years of the loan. What do you guys think I should do here?

u/kurtistoledo — 8 days ago