"i can go with any lender. probably 5-10 years..."
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"to get to the 0% interest, one has to finish 6 years of Phd, 4 years of post-doc and 6 years of assistant professorship struggling everyday. no, 16 years of your life is not worth the interest rate. as of today, I'm quoted at 5.625% with 1 point. should I lock it? It seems that there are lenders who's offering lower rate around, but since I'm closing on 6/30, is there enough time if I switch lenders, starting the whole application process all over again?"
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"thanks troy and clem! I'm going with conventional 30 year fixed. average credit score above 740. single family house, purchase. LTV is 51.6%, I'm financing 702k on a 1.36M property. as I'm in SF bay area, the amount is jumbo comforming? My case is a little bit complicated as I'm putting down 10% cash as downpay, and the rest comes from a 0 interest loan program from my employer. advise please!!"
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"My escrow is scheduled to close 6/30, and my loan officer is telling me that I need to lock in a rate before 6/19. As the rate didn't go up further today, should I lock now? I'm quoted at 6.0% with 0.125 points. should I wait till tomorrow? It's still hard to believe that I'm cnosidering to lock at next to highest level of interest rates in the past two weeks. help please!"
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