Friday, September 16, 2011

Rate Comparison vs. Wells Fargo and Bank of America

Professional Mortgage Source LLC - 3.875% with 1% Origination and Closing Costs of $2000.00
Professional Mortgage Source LLC - 4.125% with 0% Origination and Closing Costs of $0
Wells Fargo - 4.125%  with 1% Origination and Closing Costs of $2,000.00
Bank of America - 4.25% with 1.25% Origination and Closing Costs of $1100

Assumptions: 30 Year Fixed, Value=$400K, Loan Amount=$300K, Fico=740

Why spend the extra thousands of dollars in points and closing costs when we can do your loan and it will end up with Wells or B of A anyway and can close in less than 30 days.

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