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hi I was quoted today with a conventional loan 20% down a 5.375 interest rate. is this ok

by nepevega378 from , Florida. Oct 13th 2014 Reply


Daniel Tokar (dtokar@houseloan.com)
#223 ranked lender in Florida - 1 contribution

Good evening,That interest rate seems high. I would be more than happy to provide you with a free, complete mortgage consultation. After such time, I will provide you with our rates. Please call or email me at your convenience. Thank you. Danny T.954-727-8263

Oct 13th 2014
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Mark Asaad (m.asaad)
#35 ranked lender in Florida - 16 contributions

Depending on your credit score, we can bring your rate under 5%. We can also provide you with a mortgage without PMI (private mortgage insurance) with only 10% or 15% down. Please contact me for all of the details and we can go over all of your options for no charge or obligations. Please call Mark with Home 1st Lending @ 407-330-0947.

Oct 13th 2014
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Thomas Dasta (lendfm)
#31 ranked lender in Georgia - 59 contributions

That is a very high rate. it is probably a non warrantable condo so most are limited. I do have a conventional portfolio program that meets your need. Please call me at 678-571-7433 at your convenience to discus.

Oct 14th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Without a full application, it is hard to comment on that quote. Is that a no cost loan? Is your credit bad? Is that an investment property? Contact a mortgage broker in your area, give them a full application, and get a second opinion. Lending in Minneapolis / St Paul, MN - www.StPaul-Mortgage.com

Oct 14th 2014
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