Urgent ask: Question about lender and rate# Living
q*6
1 楼
Just finished typing in Chinese, one mouse click, all gone... I have to type
English now to make 2nd time typing faster. Sorry.
I found the thing about lender is the more you get involved with them, the
higher your rate goes. I started with lender A and B both with competitive
rate, and choose A to be the one to work with.We've been looking for houses
for a while and used some A's work already. Now we got under contract, I
found A's rate is not as competitive as B's. But since we've been working
together already, I plan to keep using A.
But I face this dilemma now. I can lock now for 30 days lock or a week from
now for 15 days lock. Since it's only 1 week away, market likely will stay
the same. 15 days lock I can get 0.125% reduction on interest rate. But...
now I still have chance to switch to lender B, it's my choice to stay with A
, a week from now I only can work with A to enable successful closing, what
if he doesn't honor that 0.125% reduction, or worst case even raise rate?
What do you find in your working with lender?? Is your lender more
trustworthy than mine or they are all the same?
English now to make 2nd time typing faster. Sorry.
I found the thing about lender is the more you get involved with them, the
higher your rate goes. I started with lender A and B both with competitive
rate, and choose A to be the one to work with.We've been looking for houses
for a while and used some A's work already. Now we got under contract, I
found A's rate is not as competitive as B's. But since we've been working
together already, I plan to keep using A.
But I face this dilemma now. I can lock now for 30 days lock or a week from
now for 15 days lock. Since it's only 1 week away, market likely will stay
the same. 15 days lock I can get 0.125% reduction on interest rate. But...
now I still have chance to switch to lender B, it's my choice to stay with A
, a week from now I only can work with A to enable successful closing, what
if he doesn't honor that 0.125% reduction, or worst case even raise rate?
What do you find in your working with lender?? Is your lender more
trustworthy than mine or they are all the same?
