Greetings,
I need some advice on a $300,000 home loan. I'm a single 30-year old
first time home buyer in Los Angeles with a 700 credit score and no
debts. I'm self-employed in software consulting.
First, please download this zip file:
http://www.tufat.com/temp/loan_quotes.zip
In this file, I have 3 "loan quotes" that I received from 3 different
Loan Officers in the Los Angeles, California area. I'd like someone
who is an expert in the field of home loans to tell me the following:
1) All other parameters being equal, which of these quotes seems like
the "best deal" to you? I realize that this is difficult to do, but
please try to make reasonable assumptions in cases where you believe
that some information is missing from one or more of these quotes. If
you feel that more information is badly needed, then please let me
know what information you need, and I can probably get it for you.
2) Does anything look "fishy" or out of place in any of these quotes?
If so, what is it and what types of questions should I ask of these
loan officers?
3) Do any values in any of these quotes seem unreasonably high, given
current national interest rates and home loan rates for the Los
Angeles, CA market? Do any of these values seem like there might be
some room for negotiation on cost? If yes, what are they, and what
would be fairer values, in your opinion?
thanks!
Darren |
