We got 30_year 6.125% with no points or junk fees. In the whole transaction, we paid about $74 extra in interest because of memorial day weekend and title taking time to close after funds were released. I am fuming a little over that dollar amount, not in money terms, but just in principle.
We got 30-year 6.125% because we have VERY good FICO score, save a lot (have 2 years of mortgage in an emergency fund), live below our means, save 17% of salary in 401(k), can invest rest of money in stocks after refi situation. Our behaviour helped us pay down HELOC in 3 years (original personal plan was to pay down in 5 years), and added 12000 worth of improvements to our modest abode for personal happiness.
We shopped around “A LOT”, got ourself educated, calling different banks, mortgage brokers, contacts thro friends, colleague at work etc. Then, we chose someone based on lots of factors, reliability, rate, our conditions being listened to. (Piggington helped a lot)
What I am trying to say is, InCarmelValley if you know ur strength financially, if you are a good customer for the lender and you know your house will appraise with 20% equity, then no matter who you speak to, you should get the best possible rates with best possible conditions. Do not accept anything less.
Sorry for not giving more info. This is my first experience blogging in any website and I am very wary of giving out any kind of personal information.
