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Updated over 3 years ago,

User Stats

1
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0
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Luke Fuhrman
  • Rental Property Investor
  • Monmouth County, NJ
0
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1
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New Investor Deciding between Mortgage Lenders

Luke Fuhrman
  • Rental Property Investor
  • Monmouth County, NJ
Posted

My Wife and I are in attorney review on our first home purchase that will be our primary residence that also is a duplex. I am trying to weigh all options with my mortgage lending and am currently between a local lender and Rocket Mortgage. We are planning to put 10% down and use an FHA loan. Rocket Mortgage came in with a 2.375% interest rate with a 3.087% APR. Our local lender has a 2.99% interest rate with similar APR. This makes about a $200/month difference in our monthly payments.

Looking for some advice about who to go with and why.  

Thanks!

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