These rates from Wells Fargo seem high to me.
Can you recommend two more banks / financial institutions, so I can get some competition going?

Covington, LA. Single family home. 2,435 sq ft.

Wells Fargo

--> 20 year fixed

3.875 Interest Rate
3.975 APR

--> 30 year fixed

4.125% Interest Rate
4.177% APR

Thanks Money Board!

Further Details
I just got the property settlement from the lawyer last week, and it's in my name, so I am ready to lock my rate in before they creep up again.

This post was edited on 5/1/16 at 8:45 pm

3 ...

Report Post

Posted by ellesssuuu

Baton Rouge

Member since Mar 2016

2779 posts

Posted on 5/1/16 at 8:57 pm to Guido Merkens

I work for Assurance Financial which is a mortgage banker in Baton Rouge. Call me tomorrow at 225-239-7142.

0 ...

Report Post

Posted by soccerfüt

Location: A Series of Tubes

Member since May 2013

65701 posts

Posted on 5/1/16 at 9:03 pm to Guido Merkens

Whitney with 0.25 pts down was 3.625% interest on 20 year money or 3.875% Interest on 30 year money.

Credit Union?

3 ...

Report Post

Posted by lsuCJ5

Holly Springs, NC

Member since Nov 2012

968 posts

Posted on 5/2/16 at 7:25 am to soccerfüt

that is too high. the 20 year rates they gave you is what others are paying for a 30 year. Do your self a favor and deal with any one except Wells Fargo.

0 ...

Report Post

Posted by GeauxTigers1983

Ponchatoula

Member since Sep 2015

561 posts

Posted on 5/2/16 at 7:32 am to Guido Merkens

I recommend Nola Lending

0 ...

Report Post

Posted by Guido Merkens

Member since Mar 2006

4346 posts

Posted on 5/2/16 at 12:32 pm to soccerfüt

Thanks, I really don't want to pay any points.

0 ...

Report Post

Posted by Guido Merkens

Member since Mar 2006

4346 posts

Posted on 5/2/16 at 12:52 pm to soccerfüt

No, I'm not with a credit union.

Thx

1 ...

Report Post

Posted by baldona

Florida

Member since Feb 2016

20461 posts

Posted on 5/2/16 at 1:11 pm to Guido Merkens

You can generally just open a savings account with a Credit Union and then get a loan from them within a day. This is not always the case, but joining most of them is very easy.

Page 1