Ok, so I've found my Foster City home....time for a mortgage

[Strickly Bidness]

Fellas,

Thanks for the help on my thread last week. Now Im ready to buy the house in Foster City. Thing is, many mortgage brokers out there wanna charge me points on a loan for the house. Back in Indiana, I got my first house with no points and a very good rate (.5% less than market) by going with a broker via the chinese community (american brokers charge too much). Is it unrealistic for me to expect a mortgage with no points for a million dollar home? If not, what about .5% for orig fees?

TY,

SB

[Messiahkid]

Paying point(s) really depends on how long you plan to stay in the house. There is a breakeven point.

http://www.finweb.com/mortgage-calcu...alculator.html

[Strickly Bidness]

TY for the response, but that's not what I mean. I'm talking about a broker charging me points, not voluntarily paying down the rate.

SB

[zyqwert]

Here are a couple of local banks to consider.

http://techcu.com/personal/
http://fremontbank.com/

[Strickly Bidness]

thanks. i noticed that my credit union in Indiana has much better rates than all of these banks. are mortgages just more $$$ out there?

[SossMan]

[ QUOTE ]
Fellas,

Thanks for the help on my thread last week. Now Im ready to buy the house in Foster City. Thing is, many mortgage brokers out there wanna charge me points on a loan for the house. Back in Indiana, I got my first house with no points and a very good rate (.5% less than market) by going with a broker via the chinese community (american brokers charge too much). Is it unrealistic for me to expect a mortgage with no points for a million dollar home? If not, what about .5% for orig fees?

TY,

SB

[/ QUOTE ]

I own a mortgage company in Campbell. Send me an email and I can give you a quote with all the options (no points, .5% origination, etc..)
I'll show you the rate sheets and everything so you know exactly how much we are making.

[SossMan]

[ QUOTE ]

Here are a couple of local banks to consider.

http://techcu.com/personal/
http://fremontbank.com/

[/ QUOTE ]

lol, I used to work for Tech CU...they actually do have good rates if you are an AAAAAAAAAAA paper borrower.

[Strickly Bidness]

[ QUOTE ]
[ QUOTE ]

Here are a couple of local banks to consider.

http://techcu.com/personal/
http://fremontbank.com/

[/ QUOTE ]

lol, I used to work for Tech CU...they actually do have good rates if you are an AAAAAAAAAAA paper borrower.

[/ QUOTE ]

soss, r u fo real? where is campbell?

TY man,

SB

[SossMan]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

Here are a couple of local banks to consider.

http://techcu.com/personal/
http://fremontbank.com/

[/ QUOTE ]

lol, I used to work for Tech CU...they actually do have good rates if you are an AAAAAAAAAAA paper borrower.

[/ QUOTE ]

soss, r u fo real? where is campbell?

TY man,

SB

[/ QUOTE ]

San Jose area....I'm going to PM you.

[Strickly Bidness]

i'm gonna pm u as well...let's AIM today.