u/suave_with_secrets

Hey folks, hoping to get some advice.

I'm located in California, Bay Area. And got quoted this rate. Hoping to get some opinions on this quote.

My lending agent also mentioned that I could get 6.325% rate with an $8.8k lender credit. Thoughts on the original quote, and If doing the 6.325% with the credit is better (with the hope that interest rates might swing downwards a little).

Other details:

- Conventional Loan, 7/6 ARM, New Purchase, 20% down, with loan amount of 1.372M (total sale price : 1.715M)

Thanks!

Hey folks,

I'm located in the Bay Area, California, and got quoted this rate. Wondering if this original quote is worth it.

My lending agent also mentioned that we could also do

- 6.325% with a lender credit of $8800, and is pushing for me to go with this instead.

Thoughts on the initial quote here, and if I'm getting a good rate.

and if going to the 6.325% is worth it, given that interest rates may drop a little?

Details

- conventional loan

- 7/6 ARM

- new purchase

- Total Sale amount: 1.715M

- 20% down

- loan amount : 1.372M