So I’ve banked at a state workers credit score union since I used to be 12. I bought a pre-approval from them. They provide a 5 yr ARM for a barely increased rate of interest than the opposite place I’m taking a look at. Greenback financial institution, they’re the popular lender for the development firm I’m working with and they’re providing a 30 yr fastened price for even a barely decrease rate of interest than the credit score union is providing. Nevertheless, they’re out of state and I’ve by no means labored with them earlier than. It sounds to good to be true and I am largely questioning what the downsides could be of this mortgage.