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Hoppin’ some islands.
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When it's been a day so you order steak. 🥩🍷
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Hoppin’ some islands.
When it's been a day so you order steak. 🥩🍷
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Here's a tip: the rate is almost meaningless. Any lender can give you an estimate with a low rate by charging points upfront.
Here is what you should do. Apply for a mortgage with multiple lenders. When you apply, request a loan estimate at par pricing. Lenders are legally obligated to send you a loan estimate within 3 days of the application. Once you have a stack of loan estimates, compare them and chose the estimate with the best terms.
Once the lender has sent you a loan estimate, they are bound by those estimates, with some exception. If you need help understanding the loan estimate, or want to know what fees can and cannot change at closing, the cfpb has a very good guide geared towards consumers.
https://www.consumerfinance.gov/owning-a-home/loan-estimate/
Just got 2.85% through BofA but they require a lot of handholding (lost documents, not understanding basic finance concepts...)
This for an ARM or for 30y? Pretty bomb if the latter.
Get a mortgage broker, they do all the legwork for you to find the best rate
I have quicken rocket mortgage (started with Capitol one, refinanced to 2.75% / 15yr). I’ve been happy with the customer service and their online portal is really easy to use.
Damn. I just submitted my paperwork through a traditional lender and wish I knew this two weeks ago, totally would’ve taken that referral code of yours 😞
Justin Lopatin at Guaranteed Rate. Been working with him for almost a decade on various transactions and I have referred many happy people to him 👍
Always start with a lender where you have other existing relationships (they want to increase their touch points with you, and you can often get rate reductions if you use your existing checking or savings account for direct-debit payments). And get personal recommendations from friends & family. Then compare everyone’s estimates as described above.