We were just given a pre-approval from a mortgage broker on a VA guaranteed loan. We were wondering what your thoughts "more directed at the experts" were on our rates?
$240,000 at 6.5% interest for 30 years with an APR of 6.9%. We have an averaged FICO of 650. Granted, we are recovering from a previous bankruptcy and foreclosure that are about 4-5 yrs old. We have excellent credit post bankruptcy. Do you think this is a decent offer as far as the interest rate and APR go?
We are very comfortable with our realtor and mortgage broker and are just wondering if we should shop around more?
Thanks for the help.

They sound about right. Every lender has slightly different rates and competitive advantage based on rates is almost a moot point. If you are happy with their service then stick with it.

Paul
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