Hi everyone, I am buying a house in Ohio. I got %5.875 from Rocket Mortgage and %6 from US Bank. Even though my Rocket Agent has been decent and their rate is lower, I am more leaned towards the US Bank, as their reviews are a lot better than Rocket Mortgage and I have a tight closing date (~25 days). Just wanted to get your perspective on Rocket Mortgage and what you would do in this situation
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I would not use either of them if you on a tight schedule. I would use a smaller mortgage bank
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I used rocket for my first homes mortgage. Honestly didn’t have any complaints with their service. How many points and fees do you have with each mortgage?
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I used Rocket on a 30 day timeline when I bought 3 years ago and everything was as smooth as can be. A lot of the process depends more on how quickly you do things (respond to their questions, get docs they need, etc) and less on the mortgage company
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I would absolutely use a local mortgage broker if your closing is 30 days or under.
Banks don’t give a shit about your closing date.
Rocket most likely has been overcharging you.
A mortgage broker who uses Rocket at the wholesale level has better mortgage terms than your going to Rocket directly, and will most likely have a bunch of other lender options that are way better priced anyways.
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Compare the costs not the rate my guy
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I won’t refer you to any of them just use a broker.
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