Quote:
Originally Posted by Mike Oxlong
I am a mortgage broker and 4.35% for a 5 year fixed is not that good right now. As long as you are a good applicant with good credit etc... you should be able to get in the 4.29% range at most.
Depending on when you are taking posession of the new house you might be able to get an even lower rate. There are a couple of lenders that have quick close specials.
You shouldn't have to shop around for better rates. That is your mortgage brokers job. That's one of the benefits of using a broker.
Let me know if there is anything I can do to help you out at all.
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My house is sold and I am dealing on the house I want to buy. So I would be taking possession of the house around the middle of next month. Right now I am with Firstline. If I stay with them I will not have to pay any penalty for paying the mortgage off early. They quoted me a rate of 4.35 last month and told me yesterday that rates are currently the same. I guess I have to factor in what the penalty will be versus staying with Firstline at a higher rate.