HLS,the approval was Wednesday 12/17. I get docs via FedEx on Monday and expect to close escrow 12/30. I have a 800+ plus credit score, tons of equity (just over 70%) in my home. Income to support and this is my fourth mortgage through the broker so I got a half point discount after sharing some comp offers. My good faith escrow costs are $6,505 on a $260K loan. If you have good credit, equity, and source of income and savings you can get a great loan offer. I’m taking out $15K in cash and lowering my payments over $200 per month. My break even on the costs is covered in less than 2 and a half years.
One more thing to add. I had told my broker that if they went UNDER 5% to contact me. I was in no rush to do anything unless it was a sweet deal for me.
