Help VA loan questions?!
I messed up today. I offered $ 109,900 (0 down) and asked the vendor to $ 5,000 closing costs, including financing. We were given a loan rate of 6.375% of VA in the morning, but were then told that mortgage rates have made (not locked in yet). I have yet to assume a rate of 6.5%? We wanted to keep our premiums at about $ 750-775, $ 115 and we will assess taxes and insurance. Should I buy points to lower the rate? We only have a house plan for 5-7 years. If you can break things for me it would be nice. I try to do while my husband is in Iraq, and my head is spinning! (I’m almost hoping he does not accept the offer!)