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do different lenders have different fees?

I was approved for $485k by B of A. But I wanted to know about shopping around for fees. Will different lenders charge differently (more/less points) on the back-end (broker fees)? Does it pay to shop around for a lender? by nelson375 from Greenville, Florida. Dec 10th 2018 Reply


Yes you should shop around because it can save you thousands. Let us provide you an estimate. Bdmortgagegroup.com

Dec 10th 2018
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#135 ranked lender in Florida - 792 contributions

Yes Nelson, shopping around could save you money, but I'm not sure that is the only thing i would be concerned about. It is the combination of great rates, cost and SERVICE. Getting a loan for a home can be one the most stressful things people go thru just because the magnitude of the commitment. We at CrossCountry Mortgage deliver on all fronts and give the customer an experience of a lifetime that they will tell their friends and family about and the is the CORE of my business model. I'm in Florida and have been in this business for over 18 years. You can read my reviews online at https://www.zillow.com/mortgage/lender-review/?screenName=ralph97 and/or call me at 954-274-7725 or email me at ralph@absolutelowrates.com

Dec 10th 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,703 contributions

Shopping for a mortgage does make sense, and yes.. everyone is going to have different fees.. but you should do your shopping Before you commit to a lender,,, not after.. that would be the ethical thing to do. This is because your loan officers starts working on your loan right away and invests hours of his time behind the scenes... If you are shopping, and not committed, he/she should know that upfront so they don't wast their time working on a loan that might not go through. Sadly, most people don't care about ethics,, they care about saving money.. and they assume the loan officer get's paid regardless.. the reality is that loan officers are most always 100% commissioned.. and they only get paid if the loan closes.. In regards to shopping, you need to look at the different estimates closely.. and ideally, get all the estimates on the same day.. the market changes daily.. and if there's been a big movement from one day to the next,, the quotes might not be accurate. Compare the rates and the lender fee's.. but as far as 3rd party fee's, they are not controlled by the lender.. you can go with the lender of your choice, but pick a different title company if you wish.. just understand the lender only controls the fee's listed as "lender fees".. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Dec 12th 2018
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