mortgage-hunting around done
Posted on 2008-01-02 14:42:00
Tags: mortgage house
I think we're finally done mortgage-hunting. Which is good because it's starting to drive me bananas. I went to Bank of America today to cash in some savings bonds and (after the guy miscounted them which would have shorted me some hundreds of dollars) the guy asked me what I was doing with the money. I let it slip we're planning on closing on a house soon(ish) and his eyes literally lit up1 and he got very excited and started talking quickly and pulled up a web page with mortgage numbers. At one point he actually jogged across the room to ask someone something.
Then on the way back from that, another mortgage person possibility called me to make sure I had gotten the estimate he emailed back this morning.
I think if I wore a shirt saying "About to buy a house" I would be crushed by the mob of humanity coming to offer me a mortgage, is all I'm saying.
Comment from djedi:
Lol, with how the mortgage market is going right now, I'm not surprised they're beating down our door given that we are good mortgage candidates.
BoA's offer is actually competitive, from the few details we have. They have a higher rate, but claim that no PMI is required....which is really odd. Over the long run, since we plan on buying a house "to keep" for a while, the offer only breaks even with our current top choice (esp since PMI is tax-deductible like interest). Even if all things were exactly even, I think I'd prefer the local mortgage guy we're looking at.
This backup was done by LJBackup.