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Lower Rates Available Online?

I am looking for a house in the 900,00 range in San Mateo. Both my and my spouses credit scores are around 800 . we have saved around 20 percent for a down payment and currently have monthly income of $15,000 . We have been quoted at 5.625% for a jumbo-loan and 5.25% for high conforming for 30 year fixed. When I do a web search for rates i see lower rates from banks I am not familiar with has anyone heard of lower rates? by Rjackson22 from San Mateo, California. Apr 7th 2010 Reply


Gregorio Denny (GVDenny)
#254 ranked lender in California - 380 contributions

Rates are at all time lows right now. If you are still looking, give me a call. Gregorio Denny -- WeFixRates.Com --

Jun 17th 2010
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Morgan Scott (Morgan Scott)
#169 ranked lender in California - 2 contributions

Hi there,Without taking a full application it is difficult to determine your exact rate. Each lender has different expenses and that should also be considered when you are shopping for a mortgage professional. However, having said that, the rates that you have disclosed seem in line with high balance or jumbo rates with a good percentage of equity and great FICO scores. My recomendation would be to find a bank or a mortgage broker that you can see yourself doing business with so that they can help you through the process. Some advertisements may communicate a lower rate than what you were quoted but your final note rate can vary greatly depending on the specifics of a transaction. Subsequently the rates advertised may not apply to your situation. Some advantages of using a mortgage broker is that they often have access to a wide variety of lending institutions and can frequently get you more competitive deals than direct banks. This is not always the case, but frequenlty it is. I hope that helps!Morgan Scott619.209.3544

Apr 7th 2010
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Jennifer Jaye Fraser (QueenBeeBroker)
#195 ranked lender in California - 9 contributions

Hello,Your quote seems pretty much on my point with today's market. It is important to remember that although the rate is good, fees associated with that rate may not be. Give me a call with a few more details about your quote and I will give you a quick rundown on what your fees may look like for your situation!Jennifer Jaye 310.877.3800

Apr 7th 2010
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