The close off date of my home is 8/30 and I am going with the builder mortgage because of the free upgrades(its a new construction). I am getting the mortgage rate above the market rate that is 30 year FHA a loan 5.50 to 5.75  with no points even though the market is fluctuating between 4.875 to 5.35.Since my builders mortgage is high compared to the market I would like to  refinance as immeditaly after close off. Since the rates are  low now can i refinance now for a better deal from others before closing off with my builder. Let me know if this could be done and what is your suggestions on this.

I would negotiate before closing a better deal with your builder.  Based off of that rate they will be making 2-3% off of your loan amount so you’re probably still paying for your upgrades.  If you decide to close with your builder I would recommend NOT refinancing after your closing because it would not make sense unless the rates go lower.

P.S.  I only do business in the state of Florida.

I can put you in touch with some national consultants to get you information and get you moving towards a closing.  If it can be done they are the best in getting you the answer. It wouldn't hurt to get a couple qoutes.

Email me your contact information to ******@***********.com with some information about your loan.

Regards,

Maria Smith-Alvira

Moderator Note: Solicitations not allowed in the forums.

Maria, Thanks for your help I sent my loan details to your email. For more details you can contact me kalaskar60@hotmail.com

Regards

Chan