mortgage broker's offer

Hi All:

As a new employee, for my relocation, my company recommend a broker for me to work with. The broker provided the following offer:

# Fast and Free Pre-Approval
# Special Discounted Relocation Pricing (they mentioned an APR of 5.75%)
# Lender Fees capped at $595
# Guaranteed 10 day closings (some restrictions apply)
# Low down payment programs (5%)
# No Origination Fee


I have to work with real estate Realtor and will pay ~2% for closing

Here a new house with basement and 4/3 (room/bath) will cost only 200K

Should I work with them? What first action should I take?

I am a first home buyer and have no idea on all those complicated mechanism. So really need your help.

Thanks a lot.

所有跟帖： 

• 回复：mortgage broker's offer -autumnmoon- ♀ (608 bytes) () 11/19/2008 postreply 18:37:56

• Thanks. Don't know what is PMI -Jianwu- ♂ (0 bytes) () 11/20/2008 postreply 19:00:18