Quote:
Originally Posted by Kev0
I'm in escrow right now on a 750k turn key house in Lakewood, CA. Haven't locked in a rate yet. My advisor wants to lock in at 3.25% or lower. He told me to wait because a Wall Street sell off is predicted and will force the rates down. The credit union he works for offers 3% down for a conventional jumbo Loan. My coworker closed on a 765k house with 3% down and 3% rate conventional with no buy downs at 0 points with the same credit union back in February I think. They specialize in jumbo loans. Oh yeah, only 995 processing fees. The advisor doesn't make any money off of me since he works for the credit union. I went through a broker before him and the broker added over 3k of her 6k commission in our closing cost and tried to sell us a 3.25% rate. I will save thousands by going with this credit union.
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Mind sharing the credit union over PM?