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I'm being quoted a 4.375 interest rate on my mortgage refinance, is that the best rate I can expect?

I'm refinancing my FHA $203,000 mortgage with 700/680 credit scores. The home is currently worth $170,000 and will be worth $190,000 after some improvements I plan to make. I will be doing $35,000 worth of work.

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  Answers  |  3

April 28, 2016

Hello,

Given today's current interest rate market, this rate quote sounds very high for the parameters that you are sharing with me. Please reach out to me at my office through my profile, to discuss further.

Paul J. Carson
Loan Officer - NMLS #139381
Mortgage Network, Inc. - #2668
125 E. Elm Street, Suite 320
Conshohocken, PA 19428

$commenter.renderDisplayableName() | 05.30.17 @ 07:29

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May 03, 2016

I would recommend obtaining some other rate/fee quotes from other lenders to get some numbers to compare and contrast get all your quotes for the same exact parameters and on the same day.

$commenter.renderDisplayableName() | 05.30.17 @ 07:29

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May 03, 2016

I can cross-check your offers to ensure your getting the best deal, contact me through my profile here on MoneyTips.

$commenter.renderDisplayableName() | 05.30.17 @ 07:29

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