What is the lowest mortgage rate in Colorado right now?
March 20, 2013 in mortgage by jedwan
I have a great credit score of about 780, I am a first time buyer making about $ 55K/yr, and the loan will be for about 215,000, 30yr fixed. I’ve been working through a financial planner who claims to have relationships with all the big banks, and he told me last night the best is 5.75, and I think he charges one point at closing. Any advice would be great!
Loans from a rich friend at 0% can’t be beat.
And you just believe him cuz he is such a great guy, right?
Dude, hit lending tree, and any other local broker you can find. They have relationships too and some of them are better. It’s not up to us to ensure you’ve done your due dilligence on your first home purchase, so do your own homework.
After looking at the all the major players and searching for the lowest rate the best i see 30yr fixed is 5.50 without having to buy down the rate.
a 10 year ARM is coming in at 5.375%
i dont recomend going below a 7yr ARM this gives you a low rate and flexability down the road without a huge risk!
many fanancial planners are brokers i would at least look at other offers to see who gets you the absolute lowest rate without buying down the rate!
Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.
he’s pretty close on the rate, one would pay without paying any discount points. in the last few weeks mortgage rates have shot up. look at bankrate.com mortgage rates and the fed rate are not the same. one point sounds reasonable for the origination.