Bama_Peach t1_iyd1xbh wrote on November 30, 2022 at 2:32 PM

Reply to comment by Eldengames in Trying to Buy First House But Feel Like My Loan Just Isn't Right by Eldengames

You need to ask your loan officer for a loan estimate that will clearly state what the rate is along with other items such as what they charge for closing costs. Any reputable lender will provide you with this document with no issue (most provide it without you having to ask for it).

Eldengames OP t1_iyd2n4f wrote on November 30, 2022 at 2:38 PM

I'm going to send an email to see what the rate is that they have gotten for me, this is mainly why I made the post. I'm not exactly sure of all the workings with mortgage loans but I still feel like a fixed rate loan they should be able to give me an exact amount. For example if I borrow exactly 100k then I should pay an exact amount on the loan principle, not a range.