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Updated about 1 year ago on . Most recent reply

User Stats

34
Posts
5
Votes
Chris Lo
5
Votes |
34
Posts

is my rate good?

Chris Lo
Posted

I did a hard credit pull with a lender (michigan) for the first time.

With close to 100,000$ income, ~740 credit score, 10% down payment, First home buying, purchase price around 350,000$, and pre-approved for 400,000$.
It came out to 7.5% no points.
is this a good interest rate?

With the ease of interest rate, i thought it would be somewhere around 7%. 

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