Question : Mortgage rate quote for LOs and/or Brokers?
Anyone want to quote a rate? I won’t hold you to the rate, I’m just looking to get a ballpark so I can analyze a couple of properties.

Here’s 1 scenario:
-30 yr fixed
- full doc
-2 unit
-investment property
-location: PA
-sales price: $ 300,000
-100% LTV and/or 80/20
- DTI: 40%
- mid-fico 720
- 60 day lock (45 if pricing is better) at Par, with 1 pt (or nearest), with 2 pts
mortgage quote

Best answer:

Answer by Joe K
100% LTV (one loan, no MI)
30 Year Fixed
45 day lock
par 8.25
1 pt 7.875
2 pt 7.625

Obviously these are estimates, but provided the above information is accurate, you should be able to get something in or around these prices.

Best of luck.

Regards,

Joe…