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All Forum Posts by: Luke Fuhrman

Luke Fuhrman has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: New Investor Deciding between Mortgage Lenders

Luke FuhrmanPosted
  • Rental Property Investor
  • Monmouth County, NJ
  • Posts 1
  • Votes 0

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!

0 Votes