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Updated about 1 year ago on . Most recent reply

User Stats

36
Posts
5
Votes
Chris Lo
5
Votes |
36
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%. 

Most Popular Reply

User Stats

757
Posts
1,041
Votes
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,041
Votes |
757
Posts
Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

@Chris Lo

Shop it around, be sure you are comparing apples to apples, there a ton of other fees that needs to be considered.

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