Which lenders did you guys select during the house-buying process? What perks did they provide that made you want to pick them above everyone else?
I need to save as much money as I can because rates are high right now.
I chose Rocket Mortgage. They can close their debt fast and smoothly, and they will service it for the rest of their life. Their service is excellent.
I chose Better Mortgage, an internet lender. Why?
No one else could beat the 5.4% offered while average rates were 6.2%.
No points; the 5.4% came with $1,000 in lender credits.
There are no lender fees in Section A.
Everything was done online, and the procedure went well.
$2000 credit for utilizing their recommended realtor.
Essentially, they lost a lot of money on the mortgage, but I believe they were attempting to go public at the time and required large amounts of mortgage rather than profit. But it benefited me, so I’m fine with that.
For us, the procedure listed below was effective.
Obtain a quote from an online brokerage that offers the best rate, but, like Rocket Mortgage, has the worst client reviews. Bring that to your neighborhood lender and see if they can match it. Seize the initiative and run that by the local union and large bank. Then, give each other a chance to battle and defeat the quote so that you can get the job. If the rates and fees are reasonable, choose the local credit union or lender with the greatest offer as they are familiar with the area (title company, appraisal, etc.) and may assist with a timely closing.