Any lender recommendations??

[newbuyer]

I am shopping for a home as a first time buyer and went to chase and sdccu and wells fargo for pre approval letters couple of weeks ago. All of them quoting the interest rates to be 5 to 5.125%.

But, I see many ads online such as lending tree, quicken loans that offer much lower interest rates (4.25% advertised).. what is the catch? Am I missing something here?

Also, please post if you have any recommendations on lenders. Thanks.

[Effective Demand]

Im sure the catch is that you arent comparing apples and oranges on loans and just see a home loan with a certain rate. It is most likely something like a 5/1 ARM not a 30 yr fixed or something like that.

As for lenders, Pentago Federal Credit Union.

[Effective Demand]

Im sure the catch is that you arent comparing apples and oranges on loans and just see a home loan with a certain rate. It is most likely something like a 5/1 ARM not a 30 yr fixed or something like that.

As for lenders, Pentago Federal Credit Union.

[Effective Demand]

Im sure the catch is that you arent comparing apples and oranges on loans and just see a home loan with a certain rate. It is most likely something like a 5/1 ARM not a 30 yr fixed or something like that.

As for lenders, Pentago Federal Credit Union.

[Effective Demand]

Im sure the catch is that you arent comparing apples and oranges on loans and just see a home loan with a certain rate. It is most likely something like a 5/1 ARM not a 30 yr fixed or something like that.

As for lenders, Pentago Federal Credit Union.

[Effective Demand]

Im sure the catch is that you arent comparing apples and oranges on loans and just see a home loan with a certain rate. It is most likely something like a 5/1 ARM not a 30 yr fixed or something like that.

As for lenders, Pentago Federal Credit Union.

[Raybyrnes]

If you are not locking the rate in that day what does it mater what they quote you. It going to have changed by the time you find a house and close. A better question might be to find out what the par rate of a loan is and what their mark up is form there. That might give you a better apples to apples comparison.

[Raybyrnes]

If you are not locking the rate in that day what does it mater what they quote you. It going to have changed by the time you find a house and close. A better question might be to find out what the par rate of a loan is and what their mark up is form there. That might give you a better apples to apples comparison.

[Raybyrnes]

If you are not locking the rate in that day what does it mater what they quote you. It going to have changed by the time you find a house and close. A better question might be to find out what the par rate of a loan is and what their mark up is form there. That might give you a better apples to apples comparison.

[Raybyrnes]

If you are not locking the rate in that day what does it mater what they quote you. It going to have changed by the time you find a house and close. A better question might be to find out what the par rate of a loan is and what their mark up is form there. That might give you a better apples to apples comparison.

[Raybyrnes]

If you are not locking the rate in that day what does it mater what they quote you. It going to have changed by the time you find a house and close. A better question might be to find out what the par rate of a loan is and what their mark up is form there. That might give you a better apples to apples comparison.

[UCGal]

Shopping rates is challenging… You need to shop rates and FEES. And some places charge origination fees that are different than points – points are tax deductable, the others aren’t… You need to get ACCURATE estimates of fees and rates.

I shopped around a lot when we refi’d last year – I ended up going with Sheldon (HLS here on piggington.) I liked the level of information he gave up front.

When I was shopping, SDCCU wasn’t even close. I bank with them – but their rates weren’t competitive.

[UCGal]

Shopping rates is challenging… You need to shop rates and FEES. And some places charge origination fees that are different than points – points are tax deductable, the others aren’t… You need to get ACCURATE estimates of fees and rates.

I shopped around a lot when we refi’d last year – I ended up going with Sheldon (HLS here on piggington.) I liked the level of information he gave up front.

When I was shopping, SDCCU wasn’t even close. I bank with them – but their rates weren’t competitive.

[UCGal]

Shopping rates is challenging… You need to shop rates and FEES. And some places charge origination fees that are different than points – points are tax deductable, the others aren’t… You need to get ACCURATE estimates of fees and rates.

I shopped around a lot when we refi’d last year – I ended up going with Sheldon (HLS here on piggington.) I liked the level of information he gave up front.

When I was shopping, SDCCU wasn’t even close. I bank with them – but their rates weren’t competitive.

[UCGal]

Shopping rates is challenging… You need to shop rates and FEES. And some places charge origination fees that are different than points – points are tax deductable, the others aren’t… You need to get ACCURATE estimates of fees and rates.

I shopped around a lot when we refi’d last year – I ended up going with Sheldon (HLS here on piggington.) I liked the level of information he gave up front.

When I was shopping, SDCCU wasn’t even close. I bank with them – but their rates weren’t competitive.

[Author]

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