Quite a few people have come to me after they’ve talked to a loan specialist at the bank where they keep their checking or savings. They think because they are a customer of the bank they will get a better deal. I’ve rarely had a client for whom that is true. They get the same deal that a non-customer does. And, sometimes they are asked to pay a non-refundable application fee, even if their loan is not approved.
I think we are quite competitive in our rates and costs.
My costs are usually even less than the banks for the same rate. My advantage is that I can also access non-bank lenders that only deal with mortgage brokers. These lenders compete aggressively with banks on costs and offer better service to get our clients. After all, we can bring them many loans, so we have “buying power” with them. (And, none of them charge an application fee.)
I’d be happy to discuss rates with you and give you an idea of a realistic rate you can actually get. Just call me: 818-952-8666.