Carol…Investigating different loan scenarios for you

Published 5 months ago

Please find 3 scenarios...

There are 2 ways to reduce your monthly payment and/or reduce your expenses at closing. Some lenders just insert the expenses into the loan, either all or some...increasing the rate and reducing the outlay at closing. The other way is to reduce the wholesaler's escrows/prepaids or eliminate them all together and pay them out of the loan. All of these options are open to you.

I would caution waiting too long as we know that to close before April 1st is already challenging--on the other hand, rates are not going to become unaffordable. We have been spoiled for several years honestly...and now they are leveling out to mid to high 4%s.