Mortgage Blog

Purchase activities still strong
March 5th, 2018 10:21 PM
There are more and more purchase loans now, especially for some more first time buyers. It is never too late for purchasing the primary.

But still we need to know something important for the qualification. I got a loan over the weekend. But the borrower has only one credit card transaction on the credit report, so it will make the transaction hard. Originally I quoted 3.75% for 7/1ARM with no closing cost at all. But after the credit check, the best rate will be 4.25% now, and I have only one lender for this jumbo loan. Another option would be lower the loan amount to higher balance loan, this means that the borrower would have to put more down payment.

As for my running, I think I ran too fast for the speed workout. I need to slow down a little bit to about 7 minute pace.

Posted in:General
Posted by Eric Fang on March 5th, 2018 10:21 PMPost a Comment

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