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Updated over 5 years ago, 09/11/2019

User Stats

73
Posts
86
Votes
Jay Patel
  • Investor
  • Leesburg, FL
86
Votes |
73
Posts

Evaluate my financing quote - Can I do better?

Jay Patel
  • Investor
  • Leesburg, FL
Posted

Guys, 

I have a rental property under contract that I am looking to finance. I got this quote from a mortgage broker who I used to get my pre-approval letter. Personally I'm not too thrilled. What do you guys think? 

Single-Family:

Rate: 5.625% 
Term: 30 Yr. Fixed
Down: 170K (Purchase), 36K (down)
Closing Costs: 7K + 1.5K (Discount points)

Credit score is low 800's

If anyone has a lender contact or broker contact please let me know. 

Thanks!

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