Newbie unsure what I should be looking at

[Frank Contreras]

Hi Everyone,

Starting to take action on getting my second property. Did reach out to a local credit union on getting a loan. They've reached out to me on an estimate, but not sure what I should be looking at to see if I should proceed. I provided the sale price being around 130,000 and she was able to provide LTV at 95%, term being 30 yrs and Rate at 4% and they currently have a promotion that they'll pay up to $2,500 of closing cost. Should I be shopping around for different rates or is this something I really don't have to worry about, since we want to get seller to pay as much of closing and any other fees as possible? Any advice would be greatly appreciated!