Loan process question - we pre-qualified using Rocket and now have an accepted offer. The Rocket rep is trying to get us to pay $500 application fee ASAP. I wasn't happy with their est rates, 7% for 20 years or 7.25% for 30 years, no points and think I should get at least a couple other quotes. Are they just pressuring me so that I'll commit to them or is there some reason I need to start the process with them immediately? We asked for an 8 week closing date so there seems to be plenty of time.

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Shop lenders, these large national lenders will never have the best rates. It’s the local ones that have wiggle room

likehelpful

But to their point you traditionally don’t shop lenders when you’re closing on a house, you do it prior. But 8 weeks is enough to get your ducks in a row

like

Shop against SoFi as another big player then also shop against a local credit union. If you're laser focused you can pull it off in that time frame no problem

Did they do a hard pull?

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