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Updated almost 5 years ago on . Most recent reply

User Stats

14
Posts
2
Votes
Victor Triana
2
Votes |
14
Posts

First home purchase

Victor Triana
Posted

Helpppppp!

I was in process to purchase my first home

I used the VA Loan with 0%

They were giving me 2.99% interest

Which was great but now... with the market being so volatile it went up to 3.87% in a matter of days

I was about to lock up the rate but had to come back to work were I get almost no signal

That day it went up to 3.5% and now today its at 3.87%

I have payed for the inspection and put some money into escrow

House was listed for $139k

Offered $133.5k

And got accepted I’m paying closing costs

House was a little below market value as most of the comps were listed for $140k - $145k

Any help on what to do?

Should I back out

Is it still worth the interest rate?

I’m I just freaking out because they offered a very low interest at first and now they changed it to that much?

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