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      05-30-2020, 09:49 AM   #113
Kev0
Private First Class
108
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188
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Drives: 2012 BMW E92
Join Date: Mar 2018
Location: California

iTrader: (0)

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.