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Answers (8)
- Scot King, "PacificWestCapital"
- Contributions:45
You can get all the quotes you need on Zillow and compare them. I recommend that you find someone local to work with who has experience and longevity in the industry, as well as a competitive offer.
- Texas Banker
- Contributions:517
Submit a request.
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3428
Kind of putting the cart before the horse to have an offer accepted and not have a lender yet.
In Rancho Bernardo, you probably cannot travel a mile without crossing a mortgage company.
For FHA Jumbo loan, there are tremendous closing cost credits that become available at barely higher rate, they are often too good pass up. For example on 490,000 loan, you might get an extra $5,000 in closing cost credit from the lender for only .125 difference in interest rate.
I would advise you also consider these instead of focusing on only the lowest available rate.
In Rancho Bernardo, you probably cannot travel a mile without crossing a mortgage company.
For FHA Jumbo loan, there are tremendous closing cost credits that become available at barely higher rate, they are often too good pass up. For example on 490,000 loan, you might get an extra $5,000 in closing cost credit from the lender for only .125 difference in interest rate.
I would advise you also consider these instead of focusing on only the lowest available rate.
- Nic Netherton, "Colorado Lender"
- Contributions:7219
Contact Gregorio for a quick quote, bet it will be alot better than your agent's
Greg Denny
800-335-6897
www.wefixrates.com
Greg Denny
800-335-6897
www.wefixrates.com
- Nate Moch, "Nate"
- Contributions:84
Yes, I agree with Stephanie. You can get a quote from the lender your agent recommends, but I would also use Zillow Mortgage Marketplace to get anonymous quotes in seconds. You can compare the quotes you get on Zillow with those from your agent's lender. It is free and only takes a minute to complete. Plus, since you don't enter any personal information, you decide when and if you want to reach out to any of the lenders who quoted you. You can get started here: Zillow Mortgage Marketplace
- Tony Gim, "tonygim"
- Contributions:158
I tend to think you might want to trust your agent. She should be able to give you two referrals. Many, many loan officers are simply incompetent with no sense of urgency. Competent loan officers can get your loan funded within 30 days or less. If they say it is longer; be concerned. The agent has only one goal in mind and that is to close the deal. If you have a good agent they have a good loan officer.
- Jeffrey Douglass, "jeffreydouglass"
- Contributions:42
Dear kmd2buy,
I always advise Clients to price around for a lender. You may want to ask friends or family for some recommendations because you'll want a lender that is not only competitive, but can actually perform. Zillow is a great place to get some offers.
Your agent should know and refer a reputable lender and RESPA prevents any financial incentive to do so. I will always refer a lender from past business experience and service results.
You said your agent pre-qualified you, so I would get to a lender ASAP, don't rely on an agent.
Just like when selecting your REALTOR®, find a lender that is a good fit, has local underwriting, good references, and competitive rates. It can often be a challenge but the new good faith estimate (GFE) requirements for consumers is helping compare apples to apples.
Congratulations on your sale!
I always advise Clients to price around for a lender. You may want to ask friends or family for some recommendations because you'll want a lender that is not only competitive, but can actually perform. Zillow is a great place to get some offers.
Your agent should know and refer a reputable lender and RESPA prevents any financial incentive to do so. I will always refer a lender from past business experience and service results.
You said your agent pre-qualified you, so I would get to a lender ASAP, don't rely on an agent.
Just like when selecting your REALTOR®, find a lender that is a good fit, has local underwriting, good references, and competitive rates. It can often be a challenge but the new good faith estimate (GFE) requirements for consumers is helping compare apples to apples.
Congratulations on your sale!
- Stephanie Newton, "PPI Mortgage 190611"
- Contributions:48
You could certainly receive a quote from the lender your agent has recommended but I would also submit a Zillow quote so that you can receive competitive quotes from various Zillow lenders. You need to make sure that you actually get GFE disclosing all costs in order to determine which lender truly offers the best loan for you. Congratulations and good luck to you.
Where to start shopping for a loan?
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