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Mentor
Shop around hard. Better mortgage is one thats very easy to self serve comparable loan estimates on official docs that you can then use to negotiate with others. Make the broker match or beat the best terms you can get on a loan estimate form.
I used better for a refi - entire experience was great. Dunno how they’d do on a purchase tho.
I've bought six houses so far in life- shop your file wherever gives you the best deal. It's your money! In my experience, they might even close faster. Lenders want the close so they can get paid!
I work for a lender post-McKinsey. DMing you now
How competitive are your rates?
It’s basically a commodity product, if your documents aren’t crazy and you don’t need anyone to provide fraud for you any qualified bank is fine. That being said, be careful with the online brokers you can end up on a calling list for a million companies getting calls until the end of time.
I used Better to buy a house. Good experience and easy to use. They sold my loan right away to Chase but online experience was convenient
Rates fluctuate and can be presented with points and fees. APR is designed to take all costs and bake them into the rate. Really depends on what you want, a local broker can be one point of contact and can advise on rate. Just because you were pre-approved at a rate doesn't mean that's their rate. But in general it is a commodity now, there is only less margin so the best rates need to do crazy volume and in this market...it's hard to imagine
As others have said, shopping around is the way to go. I’ve gotten very good rates from thirdfederal.com and Loan Depot in the past and had good experience with both.