Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
btn_google_dark_normal_ios Created with Sketch.
Continue with Google
Continue with Apple
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
General Real Estate Investing
BiggerPockets Exclusive PRO Area
PRO
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
Commercial Real Estate Investing
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Mobile Home Park Investing
Innovative Strategies
Land & New Construction
Multi-Family and Apartment Investing
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Creative Real Estate Financing
Personal Finance
Private Lending & Conventional Mortgage Advice
Insurance
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Enrique P.'s profile image
Enrique P.'s profile image
Enrique P.
  • from San Francisco, CA
  • Member since Oct 16, 2017

User Stats

13
Posts
10
Votes
Enrique P.'s profile image
Enrique P.'s profile image
Enrique P.
  • from San Francisco, CA
  • Member since Oct 16, 2017
Enrique P.
  • San Francisco, CA
10
Votes |
13
Posts
Buying & Selling Real Estate

Is my lender being honest re: rates?

Enrique P.
  • San Francisco, CA
Posted

Hi all - 

In the process of purchasing our first home and had a question re: mortgage rates - I got a preapproval at 2.9% from Chase when my score was 760 and my wife's was 720. I'm now under contract and WE have zeroed out all of our CC balances resulting in scores of 820 and 760 respectively - was told by my lender that as long as we're above 760, there isn't a big difference when you go higher than that. Does this sound accurate? The house is in NY and we're putting 20% down. 

Just wanted to check before locking in a rate. 

Thanks!

1 Vote
Follow
4 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...