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Private Lending & Conventional Mortgage Advice

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Varun Parkash
  • Jersey City, NJ
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124
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$1300 Fee to lock-in 3.875 Fixed Interest Rate (6 month lock)2018

Varun Parkash
  • Jersey City, NJ
Posted Dec 12 2017, 10:42

Hi Guys, one of the banks is charging $1300 fee to do a 6-month rate lock-in at 3.875% interest rate - fixed 30 years.

Would you advice paying for it or taking the risk and wait till summers next year to not pay this fee and get the same or lower rates in Summer 2018?

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