Is this a good deal or not?
My loan is currently with a lender at 3.625%. I got an email offering a refinance at 2.99% at $1.15M. Our home is worth between $1.5 to $1.6M and our income is at $515k. Credit scores are good and we have no other debts except student loans. I have not compared with other offers out there and I want to know if this is a good deal or not? by jonathan760 from Huntington Beach, California. Jan 6th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
There is no way to correctly and honestly answer your answer without reviewing a full application. Based on the market today, that rate sounds suspiciously good. Probably comes with points you may not be interested in paying. Rates in eMail offerings, letters in the mail, and even posted in the internet are designed to capture your attention, not necessarily what you would actually get. Make application with a local mortgage broker. Cambria Mortgage, NMLS 274132. I lend in MN, WI, IA, ND, SD. NMLS 274132
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