Updated almost 6 years ago on . Most recent reply
Is this loan a good deal, or a rip off?
I just got pre-approved for a conventional loan through a lender recommended to me by a Turnkey company. Wanted to make sure it's a good deal -this is my first house:
Loan for a $100,000 to $200,000 house with 20% down
30 Year Fixed Rate Loan
4.375% - 4.875% with no points being charge
Lender fee: $1194.00
In the email he also said " There will also be 3rd party fees that will be charged. They will also vary depending on the state and sales price. I would be safe to go with another $1,500 - $2,000." Are these just normal closing costs fees?
I have good credit (780) and am buying an investment property (single family house) in the midwest/south region of the United States
Thanks and let me know if you have an opinion on this!
Most Popular Reply
@Zachary Schimenz The third party fees are normal. For example, Minnesota has a Mortgage Registration Tax.
Those are pretty good terms.



